Ethereum Surpasses $4K But Faces Uncertainty Despite Strong Fundamentals

Ethereum (ETH) recently broke above the $4,000 level, reaching highs not seen since December 2021. This has brought greater scrutiny of its performance.

As the second-largest cryptocurrency, Ethereum has a robust ecosystem and allows smart contracts and decentralized apps to be built.

Daily chart analysis shows bearish momentum indicators but also signs of underlying strength, suggesting the uptrend could continue.

The weekly chart indicates a dominant upward trend but with some caution signals like historical resistance levels being reached.

The outlook is mixed - while long-term indicators suggest potential volatility, Ethereum still has strong support levels and institutional interest.