Ethereum Dey Gather Close to $4,000 Support Wey Mean Say Rally Go Happen
Di co-founders dem for Glassnode, Jan Happel an Yann Alleman don see say Ethereum dey gather strong, wit price dip for Fridays an Saturdays for di past 30 days wey be beta weekend buy chance. Dem talk say if Ethereum gathering fit make di $4,000 support level strong, e fit start beta rally. Dis kain talk get backing from Bitcoin network growth signs wey last blow for early April an before dat, ETH don gain 100%, dis show say BTC metrics fit predict how ETH price go move. Now, Ethereum dey trade near $3,955 (+3.2% for 24h), di price action dey follow dis good signals well well. Traders suppose dey watch di $4,000 support test well an think about weekend gathering plan to fit ready if breakout go happen.
Bullish
Glassnode analisis dem point to Ethereum accumulation an weekend dip buying as short-term katalyst, wit Bitcoin network growth indicators historically dey show before big ETH rallies. For near term, if dem fit secure $4,000 support, e fit drive breakout as traders dey buy dips; for long term, steady network growth an strong support levels fit support bullish momentum, dey attract institutional plus retail inflows. Together, all dis factors dey signal beta outlook for ETH price appreciation.