Ethereum Returns to Key Resistance Zone After 401(k) NewsAfter last week’s panic selloff triggered by major payrolls revisions, Ethereum is now back at a key resistance level. The rebound has been fueled in part by President Trump signing an executive order allowing cryptocurrencies in 401(k) plans. With more than $12 trillion in assets, the 401(k) market could have a significant impact on crypto prices, even if only a small fraction flows into the sector. Bitcoin and Ethereum are likely to capture the lion’s share of these inflows, especially with ETF access already established.
Adding to the optimism, Axie Infinity’s co-founder recently stated that the project is considering a return to the Ethereum network, which could provide an additional boost.
However, it all comes down to the key daily resistance zone, which includes the 4110 horizontal resistance and the daily downtrend line at 3960. For Ethereum to fully kick off its next bull run, it will need to break and hold above the 3960–4110 zone.
