Ethereum faced strong selling pressure after touching the key supply zone between $4,673 – $4,498. A sharp bearish candle broke below the $4,280 support level, signaling that buyers failed to hold control in this area.
Key Levels
🔴 Supply Zone: $4,454 – $4,498
This zone has repeatedly rejected price and acts as a strong resistance. As long as ETH stays below this level, the bullish scenario remains weak.
🟩 Support-Turned-Resistance: $4,200 – $4,280
Previously a strong support, this zone may now act as resistance. Failure to reclaim this level strengthens the case for more downside.
🟩 Next Major Support: $3,750 – $3,800
If sellers keep price below $4,200, the most likely scenario is a drop toward the demand zone near $3,750 – $3,800, where buyers are expected to step in.
Here you can read more about The Next Crypto Hit
Possible Scenarios
📉 Bearish Scenario (More Likely)
If ETH cannot reclaim $4,280, selling pressure may push the price down toward $3,800.
Strong bearish momentum and the recent support break support this outlook.
📈 Bullish Scenario (Less Likely Short-Term)
If price reclaims $4,280 and breaks above $4,450 – $4,490, ETH could retest $4,670 and potentially $4,816.
Bulls need significant buying volume to flip this level.
Summary
Ethereum’s short-term trend is currently bearish. Losing the $4,280 support is a negative sign, and unless ETH reclaims this level, a move toward $3,800 is likely. For short-term traders, it’s safer to wait for either a strong bounce from lower demand zones or a confirmed breakout above $4,450 before entering new long positions.
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