Ethereum Faces Critical Resistance Test at $4,050 Amid Growing Correction Concerns

Ethereum's recent recovery attempt has encountered significant resistance near the $4,050 level, raising alarms about potential deeper price corrections. Despite briefly surpassing $3,950, the cryptocurrency faced substantial selling pressure that pushed it below crucial technical support levels. This rejection occurred even as ETH managed to clear the 50% Fibonacci retracement level from its recent decline between $4,292 and $3,677, indicating underlying weakness in the current market structure. The failure to maintain momentum above key resistance zones suggests that bears are actively defending these price levels, potentially signaling a shift in short-term market sentiment. Technical analysts are closely monitoring whether Ethereum can establish stronger support bases or if the current rejection will trigger a more substantial pullback toward lower price targets. The $4,050 resistance zone has emerged as a critical battleground for bulls and bears, with the outcome likely to determine Ethereum's near-term trajectory. Market participants are advised to watch for consolidation patterns and volume signals that could indicate whether this is a temporary setback or the beginning of a more significant correction phase. The current market conditions highlight the importance of risk management strategies for traders navigating Ethereum's volatile price action.

Ethereum Price Faces Rejection Near Resistance Zone — Risk Of Deeper Correction Rises

Ethereum's recovery attempt faltered NEAR the $4,050 resistance level, sparking concerns of a deeper pullback. The second-largest cryptocurrency briefly climbed above $3,950 before encountering strong selling pressure, resulting in a breakdown below key technical levels.

The failed breakout occurred despite ETH clearing the 50% Fibonacci retracement level of its recent decline from $4,292 to $3,677. Market participants remain cautious as the price struggles to maintain momentum above the 100-hour moving average, with immediate support now forming around $3,840.

Technical indicators suggest weakening bullish momentum following the breach of a rising trendline that had provided support near $3,960. Traders are watching for potential downside acceleration if ethereum fails to reclaim the $3,980 level in coming sessions.

Ex-Ethereum Developer's Resurfaced Letter Reignites Debate Over Foundation's Governance

Péter Szilágyi, former lead developer of Ethereum's Geth client, has publicly criticized the Ethereum Foundation's organizational structure in a May 2024 letter. The document alleges systemic issues with compensation, governance, and undue influence from co-founder Vitalik Buterin.

Szilágyi claims a stark contrast between his public portrayal as a key leader and private marginalization. The Foundation allegedly dismissed his input despite publicly championing Ethereum's decentralized values. Compensation structures reportedly failed to adequately reward Core contributors.

The most damning accusation centers on Buterin's outsized influence. "Vitalik became a victim of his own success," Szilágyi wrote, arguing the co-founder's attention and investments effectively determine which Ethereum projects thrive. This contradicts Ethereum's purported decentralization ethos.

BitMine Aggressively Accumulates ETH Amid Market Downturn

BitMine Immersion Technologies has continued its aggressive accumulation of Ether, purchasing an additional $250 million worth of ETH this week from exchanges Bitgo and Kraken. This marks the company's fourth major acquisition since the October 10 market crash, bringing its total holdings to approximately 3.17 million ETH—worth roughly $1.74 billion at current prices.

The firm's chairman, Tom Lee, remains bullish on crypto's long-term prospects, stating, "We're at the basement and working our way back up." BitMine's rapid accumulation—from 163,000 ETH in July to over 3.24 million today—positions it to control 2.6% of ETH's total supply, halfway toward its stated 5% target.

Notably, this institutional buying spree contrasts with Bitcoin treasuries' relative inactivity. If maintained, BitMine's pace could reshape ETH's circulating supply dynamics within months.

Ethereum Price Eyes Next Breakout as Bullish Momentum Builds

Ethereum's price shows early signs of a bullish resurgence, with analysts pointing to a completed flag pattern breakout above $4,000 as the catalyst. Sustained momentum could propel ETH toward $4,285, potentially reigniting its campaign for record highs.

Crypto analyst Klejdi Muni identifies the $3,900 support level as critical—a breach here could invalidate the bullish thesis. Market participants now watch whether institutional flows and spot ETF developments will amplify this technical setup.

Ethereum Hits $4,500 as Ozak AI's $3.7M Presale Sparks AI-Blockchain Fusion

Ethereum's rally to $4,500 coincides with the emergence of Ozak AI, a project securing $3.7 million in presale funding at $0.012 per token. The initiative merges AI-driven predictive analytics with blockchain infrastructure, deploying machine learning models like ARIMA and neural networks for real-time financial forecasting.

Ozak AI positions itself as more than a cryptocurrency—it's a decision-support toolkit for crypto markets. With 80% of tokens already allocated during presale, demand suggests growing institutional interest in hybrid AI/blockchain solutions. The project could redefine how market participants leverage decentralized technology for data analysis.

Top Cryptocurrency to Buy Before It Soars 542% by 2028, According to Wall Street Analyst Geoff Kendrick

Ethereum (ETH -4.66%), the world's second-largest cryptocurrency by market capitalization, is poised for significant growth, according to Wall Street analyst Geoff Kendrick. Unlike Bitcoin, which primarily serves as a digital store of value, Ethereum functions as a decentralized computing platform supporting smart contracts, decentralized applications, and tokenized assets.

Ethereum's blockchain is the backbone of the modern web3 ecosystem, powering everything from non-fungible tokens (NFTs) to stablecoins. Its versatility and influence make it a cornerstone of the crypto economy. The network's transition to a proof-of-stake consensus mechanism has enhanced its efficiency, reducing energy consumption while enabling users to earn staking rewards.

At its core, Ethereum operates as a global, decentralized computer, allowing developers to build applications and execute digital agreements without intermediaries. This flexibility has cemented its role in decentralized finance (DeFi), where users can lend, borrow, and earn interest without traditional financial institutions.