#ETH Trading Volume Surges#

The price of Ethereum is approaching the coveted mark of $4,000, but the rally has temporarily halted.
The market shows signs of saturation, but Ethereum has not yet completed its rise. The current consolidation is likely a short-term pause before a new phase of increase.
The trading volume of Ethereum is rising sharply, indicating a resurgence of interest from retail investors. The ETH to Bitcoin price ratio has fallen by nearly 6% this week, and the increase in trading volume is reminiscent of the situation in May of this year. Such a spike often precedes a local maximum, but this time it could be different.
If trading volume and social activity decrease by the end of the week, it may indicate that the market is preparing for a new bullish surge. Retail investors' impatience and profit-taking could set the stage for the next wave of growth. ETH is currently trading on the threshold of the critical level of $4,000. Investors have been waiting for its breakthrough for the past seven months. Despite the consolidation, the token is expected to continue to rise and soon breach this barrier. The bullish trend is supported by positive market sentiment and technical indicators. As long as Ethereum stays above key support levels, it has a chance to reach $4,000. If ETH maintains its bullish momentum, a breakout above $4,000 could serve as a catalyst for further growth. However, if an unexpected sell-off occurs, the price could fall below the support level of $3,530. In this case, it could drop to $3,131, which would negate the current optimistic forecast. It is crucial for the bulls to defend this support level and capitalize on the momentum from retail investors.