<ul><li>Ethereum prices surged by over 4.6% in the past day, reaching $2,634 before a minor retracement.</li><li>ETH is on a bullish trend and has gained 61.92% over the past month, heading towards a crucial encounter at $4,000.</li><li>The $4,000 price level is a significant resistance for Ethereum, with historical data showing rejections at this level, potentially leading to a market correction.</li><li>Institutional interest in ETH remains strong, with UK-based investment manager Abraxas Capital accumulating 257,165 ETH valued at $655 million, indicating long-term bullish outlook for the altcoin.</li></ul>

Ethereum Headed For Crucial Encounter At $4,000 – Here’s Why

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