Ethereum Treasury Demand Plummets: Could This Postpone ETH's Return to $4K?

Ether Price Movement: Ether (ETH) is currently trading at $3,077, showing a 17% increase from its recent low of $2,620, but faces resistance at $3,200 which is crucial for a sustained recovery towards $4,000.

Decline in Treasury Demand: Demand for Ether from corporate treasury entities has plummeted by 80%, with purchases dropping from 1.97 million ETH in August to just 370,000 ETH in November, raising concerns about the sustainability of Ether's market.

Institutional Buying Trends: Daily institutional buying of Ether has significantly decreased, with a current selling rate of 5,520 ETH per day, indicating a structural decline in demand as smaller firms struggle to raise capital.

Potential for Price Increase: A breakout above the $3,000 level could target a rise to $4,150, as analysts suggest that Ether is undervalued, but this requires a daily close above key resistance levels to confirm bullish momentum.