Ethereum on the daily timeframe is still moving within key ranges. After the recent drop and forming a low around $3,800, the price managed to bounce back toward the $4,200–$4,280 resistance zone. This area now acts as a critical supply level, and how the price reacts here will define the next market direction.
Support Levels
$3,700 – $3,850: The green zone on the chart represents a strong support area where buyers defended the market during the last sell-off. If this zone breaks, further downside toward $3,600 becomes likely.
$4,000 – $4,050: A mid-term support that may act as a holding point during pullbacks.
Resistance Levels
$4,200 – $4,280: The current resistance zone. A daily close above this level would open the door for further bullish momentum.
$4,450 – $4,500: The next resistance, overlapping with the red supply zone. Breaking this area would strengthen buyer control.
$4,670 – $4,820: Key highs where sellers previously pushed the price down.
Bullish Scenario
If ETH can hold and close above $4,280, the price is likely to target $4,450–$4,500 first. A breakout above this level could push Ethereum toward $4,670 and $4,816.
Bearish Scenario
If Ethereum fails to reclaim $4,280 and drops back below $4,100, sellers may regain control, pushing the price down toward the $3,850–$3,700 support zone.
Conclusion
Ethereum is at a decisive point; the $4,200–$4,280 zone will determine the next major move. A breakout above it can fuel bullish continuation, while rejection may send the price back toward sub-$4,000 levels. Traders should monitor these key levels closely and adjust their risk management strategies accordingly.
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