On Thursday, Ethereum moved in lockstep with its peers, regaining ground above $3,000. Earlier this week, the popular smart contracts token fell to $2,650 in a highly volatile Cryptocurrency market. To validate the uptrend to $4,000, Ethereum must close above $3,200. The $3,200 resistance has proven to be a difficult task for the bulls, resulting in a correction toward $3,000. Bulls must confirm a break above $3,200 to give credence to the bullish narrative that targets $4,000.