Ethereum Echoes 2020 Pattern as $4,900 Becomes New Resistance

Ethereum’s current price action mirrors its 2020 trajectory. After reaching a peak above $4,900, the cryptocurrency is experiencing a two-month correction, reminiscent of a similar pattern observed in the fourth quarter of 2020. This retracement aligns with sustained institutional inflows and a strong support level around $3,800. Analysts are closely watching for potential upward movement as Ethereum charts stabilize.