Ethereum (ETH) failed to overcome a key resistance as it resumed its horizontal trend on Thursday.
Volatility Shares 2x ETH ETF records over $15 million on second day of trading. Average daily Ethereum ecosystem users spike by more than 55% in Q1'24. Ethereum needs to overcome key resistance before any attempt to flip the yearly high of $4,093. Ethereum failed to overcome a key resistance as it resumed its horizontal trend on Thursday. Following the lag, the Volatility Shares 2x ETH Futures ETF showed considerable growth on its second day of trading.
ETH/USDT 4-hour chart ETH was rejected by the $3,900 level on Wednesday after a slight gain. It would need to break past this level before an attempt to overcome the $4,093 price level. Also read:Ethereum sustains week-long consolidation, sees over $3 billion exodus from exchanges The bullish thesis is still in view, provided ETH doesn't trade below $3,618 for an extended period.
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