<ul><li>Ethereum prices surged by over 4.6% to reach $2,634 before a slight retracement, with a total gain of 61.92% in the past month.</li><li>Ethereum is approaching a crucial level at $4,000 that could either confirm or challenge its current uptrend.</li><li>Institutional interest in Ethereum remains strong, with UK-based investment manager Abraxas Capital acquiring 257,165 ETH.</li><li>Ethereum must surpass the $4,000 resistance level to potentially reach bullish targets as high as $12,000, while facing a price correction if rejected.</li></ul>

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

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