Ethereum’s rise to $3,300 on April 28 brought optimism to the market, but resistance at $3,353 could lead to a decline to $3,120. In the midterm, the price might struggle to surpass $4,000. A recent transaction of 14,999 ETH to the Coinbase exchange could impact ETH’s price as coins sent to exchanges often end up being sold, potentially halting any upward movement. The liquidation heatmap shows resistance at $3,353, indicating a potential reversal in price. Support lies at $3,276, suggesting ETH might not drop below this level. The Cumulative Liquidation Levels Delta (CLLD) indicates a potential full retrace, with the price possibly dropping to $3,120. While the price might stay above $3,300 for a while, reaching $4,000 could be challenging due to a lack of market firepower. Surpassing ETH’s all-time high may also not happen soon.
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