news 
Despite Multiple Rejections At $4000, Here’s Why You Need to be Bullish on Ethereum (ETH) Price Rally in 2025
Ethereum has consistently failed to breach the $4000 mark, resulting in multiple rejections at this critical level. However, despite these setbacks, it’s crucial to remain bullish on the cryptocurrency’s price rally in 2025.
One of the primary reasons for maintaining a positive outlook is the token’s stability above $2000. The fact that ETH has been able to hold onto its value and resist significant downturns highlights its resilience and potential for growth. Furthermore, the balance on accumulation addresses has seen a steep rise since November, indicating growing institutional interest in the digital asset.
The chart suggests that Ethereum is holding support at $3346, which could mark the beginning of an upward trajectory if it can reclaim this level. Such an event would validate a rise above bearish influence and potentially propel the token towards new heights. Conversely, a drop below this range may result in further losses, targeting levels around $3000 or even lower at $2750.
Notably, traders have remained bullish on Ethereum, as reflected in the active address count, which has consistently risen since November’s lows. The 400K active addresses demonstrate that investors are steadfastly committed to the cryptocurrency’s growth prospects.
Source: coinpedia.org
