Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently made a strong upward move, narrowly testing the critical All-Time High (ATH) resistance zone of $3,900–$4,100. Despite the bullish rally, ETH has faced rejection at this level, signaling short-term resistance as traders take profits and the market seeks consolidation.
🔍 Current Price Action
After a strong multi-week climb supported by positive sentiment in the broader crypto market and growing institutional interest in Ethereum-based applications, ETH attempted to reclaim its ATH. However, selling pressure around the $4,000 zone caused a temporary rejection, pushing ETH slightly downward.
📉 Possible Retracement
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If current momentum weakens further, ETH could revisit the $3,200–$3,400 support range, which aligns with the previous breakout zone and may serve as a healthy correction area before the next bullish leg. This retracement would offer a potential buying opportunity for investors looking to accumulate ahead of the next breakout.
📊 Macro Trend Remains Bullish
Despite the short-term resistance, Ethereum remains in a bullish structure. Key fundamental drivers such as the Ethereum 2.0 upgrade progress, increased Layer 2 adoption, and rising DeFi and NFT activity continue to support long-term growth. If ETH consolidates above the $3,200 level and maintains higher lows, we can expect renewed bullish momentum.
🎯 New ATH in Sight
Once ETH decisively breaks the $4,100 resistance zone with volume confirmation, the path toward a new All-Time High (ATH) becomes highly probable. Momentum indicators and market sentiment suggest that this is not a matter of "if," but "when."
📝 Summary
Resistance Zone: $3,900–$4,100 (ATH area)
Support Zone: $3,200–$3,400
Trend: Bullish
Next Key Move: Breakout above ATH to signal continuation
