Key Notes
Ethereum briefly reclaimed $3,900 but remains in a high-risk zone.
The Korea Premium Index surged to 8.2%, historically signaling local tops.
Resistance lies between $3,870 and $3,920, with breakout targets at $4,160-$4,425.
Ethereum (ETH) briefly found its way back above $3,900 on Saturday, a mild rebound after a volatile week that saw price action testing key support levels near $3,600. However, ETH is down 15% monthly, as per CoinMarketCap.
Also, CryptoQuant analysts have warned that ETH now trades in a “high-risk zone” marked by overheated retail sentiment and resistance levels.
At press time, ETH trades at $3,877.40, up 3.4% in the past 24 hours and 1% over the week. The bounce came after prices dipped to a daily low of $3,678.62 before hitting $3,927, just shy of th