The sentiment for Ethereum (ETH) has reached its lowest levels in a year as it struggles to reclaim the $4,000 mark.
Analysts suggest that the drop in sentiment is a classic bullish indicator and Ethereum could see a jump to the $4,900-$5,000 price range in the next month.
The cryptocurrency's rally is expected to resume once it clears the $4,100 resistance level.
Breaking past the $4,000 resistance will require significant buying pressure and holding the $3,800 level is key to continuing the rally.