Ether Consolidates Below $3,880 After Heavy Volume Rejection
Ether (ETH) climbed early Tuesday on above-average trading before fading into the close, as sellers once again capped gains near $3,880, according to CoinDesk Research’s technical analysis model.
The token rose 1.5% to $3,822.60, with trading volume 19% above its seven-day average — signaling continued participation even as momentum eased. ETH moved between $3,771.27 and $3,822.78, building higher lows until a late pullback erased part of the session’s advance.
Michaël van de Poppe, a crypto analyst, said on X that Ethereum remains “the best ecosystem to invest in,” suggesting that network fundamentals and developer activity could soon propel ETH toward new highs above $5,000.
The model indicates that buyers were active early, but resistance at $3,860–$3,880 remains a key ceiling. A clean break and hold above $3,880 — and the $3,887.35 session peak — would confirm bullish control, while support is seen in the $3,680–$3,720 area.
The CoinDesk 5 Index (CD5) rose from $1,878.33 to $1,924.98 before easing to $1,901.52, reflecting profit-taking into strength across major assets.
