The recent Bitcoin Halving occurred last Friday, with potential effects beginning to surface, starting with Ethereum. Despite the ongoing volatility in the crypto market, Ethereum's price has dipped below $3,200, prompting some analysts to view this as an opportune moment to invest, anticipating a rise towards $4,000 supported by technical indicators like the Hourly MACD signaling a forthcoming bull run for ETH.

Key resistance levels have shifted, with $3,280 now in focus before aiming for $3,800, contingent upon significant trading volume. Despite volatility post-Halving, Ethereum is consolidating above key levels, but a drop below $3,010 could trigger further declines, potentially targeting the $3,000 mark.

While corrections are expected, Ethereum's price outlook remains optimistic, with predictions ranging from $4,385 to $5,000 by year-end, buoyed by sentiments within the crypto community and potential positive developments like the approval of an Ethereum ETF by the US SEC, although confirmation remains uncertain.