Saad Ullah
Ethereum's price action has entered a delicate phase as the world's second-largest cryptocurrency faces mounting pressure around key technical levels. With recent market volatility and shifting sentiment, ETH traders are closely monitoring whether current support zones can hold or if a deeper correction is on the horizon.
Ethereum Price Struggles to Hold $4,500
ETH is currently changing hands at $4,506, down 1.93% over the past 24 hours. The price is encountering strong resistance in the $4,760–$4,800 range, while immediate support has emerged around $4,390.
Market analyst @ali_charts suggests that Ethereum could face additional downward pressure if it fails to maintain current levels.
A decisive break below the $4,390 support could spark increased selling activity, potentially driving ETH down to the psychologically important $4,000 level.
Key Levels to Watch for ETH Price
The technical setup reveals several critical zones for traders to monitor. Should Ethereum successfully defend the $4,390 support, we could see a bounce back toward $4,600, with the possibility of testing the $4,760 resistance zone again.
However, if this support fails, ETH would likely target $4,250 before potentially reaching the major $4,000 support. Current momentum indicators present a mixed picture, showing both consolidation patterns and growing bearish sentiment, making the next few trading sessions crucial.
Ethereum (ETH) Price Outlook
Ethereum's broader uptrend remains viable as long as the $4,000 support level holds firm. Institutional interest and ETF demand could provide stabilizing factors, though traders remain cautious given the current weak momentum.
A successful defense of $4,000 could set the stage for another rally toward the $4,760–$4,800 resistance zone. Conversely, a break below this key level might trigger a more significant correction toward $3,800, potentially opening the door for extended downside movement.
Saad Ullah
