Ethereum Price Analysis: Another Rejection Threatens ETH’s Bull Run
Ethereum continues to commerce sideways, with volatility subdued as value motion stays compressed between main help and resistance zones.
The market is approaching a delicate juncture, the place both a restoration might unfold or additional weak point could develop.
Technical Analysis
By Shayan
The Daily Chart
On the every day timeframe, ETH stays inside its long-standing ascending channel. After pulling again from the higher boundary close to $4.9K, the worth is now consolidating across the mid-range help.
As lengthy as Ethereum holds above the dotted trendline and the $4.2K–$4.3K help area, the broader bullish channel construction stays intact. Losing this space, nonetheless, would expose the $3.8K help zone, the place deeper demand sits. On the upside, bulls should regain momentum and drive value again towards the channel’s higher boundary to reassert management and goal contemporary highs.
The 4-Hour Chart
The 4-hour chart makes the compression extra evident. Following the sharp rejection close to $4.9K, Ethereum has been buying and selling inside a descending channel (marked in yellow), whereas repeatedly discovering demand across the $4.2K help block.
The asset is at present testing the higher boundary of this descending channel. A confirmed breakout would doubtless open the trail towards $4.6K–$4.7K, whereas one other rejection would preserve ETH locked within the short-term vary, leaving the market susceptible to a retest of decrease helps round $3.8K.
Onchain Analysis
By Shayan
The 2-week ETH/USDT liquidation heatmap highlights a market caught in compression, with dense liquidity clusters forming on each side of the present value. This balanced but fragile setup underscores the danger of a liquidity-driven breakout in both route.
On the upside, a big band of brief liquidations sits above $4,500, extending into the $4,500–$4,600 zone. A clear break by resistance right here might ignite a wave of pressured brief covers, fueling a pointy rally increased.
On the draw back, equally heavy concentrations of lengthy liquidations are seen round $4,200 and decrease towards $4,000. A failure to carry the $4,200 base might set off a cascade of liquidations, accelerating draw back volatility into the subsequent main help.
Overall, ETH is consolidating inside a compressed vary, with leveraged positions stacked at each extremes. The $4,200 and $4,500 ranges now act as essential set off zones, and whichever facet breaks first is more likely to dictate the subsequent decisive transfer. Until then, merchants ought to stay cautious, because the market stays susceptible to liquidity hunts and false breakouts.
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