Group 1: Ethereum Price Movement - Ethereum price has shown a gradual recovery but struggles to attract sustained investor support, making it challenging to reach the anticipated $4,000 level despite improving market conditions [1] - Ethereum recently reclaimed the $3,000 level, marking its first break above this resistance in 10 days, yet it remains an initial step toward the broader $4,000 objective [6] - The next major hurdle for Ethereum lies 32% above current levels, with a confirmed breakout requiring a decisive move above $3,131 to shift momentum and attract fresh buyers [7] Group 2: Whale Activity and Institutional Sentiment - Whale activity has declined, indicating growing caution among large Ethereum holders, which often signals weakening confidence in near-term price appreciation [2] - The pullback in whale activity suggests that large holders are reassessing their exposure amid limited growth prospects, contributing to a bearish short- to mid-term outlook for Ethereum [3] - ETH spot ETFs recorded net outflows totaling $72 million, reflecting cautious institutional sentiment during a period of broader market uncertainty [4] Group 3: Market Dynamics and Resistance Levels - Participation in Ethereum has remained muted, with ETH spot ETFs recording inflows on only five occasions over the past month, limiting liquidity support and reducing the probability of a sustained upside move [5] - The Cost Basis Distribution Heatmap indicates approximately 2.83 million ETH accumulated between $3,151 and $3,172, creating a significant resistance zone as many holders may sell to break even [8] - Without strong demand, Ethereum is likely to consolidate below $3,131, reflecting a market waiting for confirmation rather than committing aggressively to higher valuations [9]