The recent price decline of Ethereum has led to a sell wall at $3,700, with the potential for a further drop to $3,112 based on technical indicators. However, the Pi Cycle Top indicator suggests a positive mid to long-term outlook, indicating potential upside for Ethereum in the coming months. The current market conditions and on-chain sell volume will determine whether Ethereum can surpass the $3,700 resistance and retest $4,000.
read more