Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally
As Ethereum (ETH) kicks off the year with a recovery past the critical $3,000 threshold amid a broader cryptocurrency market rally in early 2026, it continues to struggle against a key resistance level at $3,400. Currently, the second-largest cryptocurrency is entering a consolidation phase below this significant mark. Historically, large investors and institutions have tended to “hunt” liquidity levels, which helps to reset positioning in the market and evacuate numerous retail investors. With approximately $3.4 billion in short positions at risk if Ethereum successfully breaches the $3,400 mark in the days ahead, the possibility of a significant price movement looms. Featured image from DALL-E, chart from TradingView.com About Author
