Can Ethereum Crack $4,000? On-Chain Activity and Price Pattern Suggest So

Since the completion of the fourth Bitcoin halving on April 19th, the Ethereum Price has maintained a steady recovery evidenced by the new higher low formation in daily charts. While the broader market is still limited by the growth in Ether, the coin price managed to rebound from $2870 to $3335 recording a 17% growth. An analysis of the daily chart shows the ETH price is close to a pivotal point amid the development of a falling wedge pattern.