Analysis: ETH needs to convert the $3700-$3900 resistance level into a support level before it can break through $4000.

According to Odaily Planet Daily, cryptocurrency analyst Ted Pillows stated on the X platform that ETH must convert the resistance level between $3,700 and $3,900 into support to challenge higher highs above $4,000. However, Ethereum has failed to return to the $3,700 mark. If it can regain this level, it will enter the $4,000 to $4,100 liquidity range. Other analysts believe that bulls need to "intervene further" to push the ETH price up to $4,000.