Ethereum Analysis (/14/10) ETH

■ Current Situation:

We noted in the previous post that Ethereum is facing selling pressures as it has not been able to break through the key resistance at 4,743-4,957.

The price is currently moving within an important technical support range between 3,977 – 4,071, which is a pivotal support area. As long as the price remains above it, the chances of recovery remain. It is expected that the price will attempt to rise towards the current resistance at 4,204 – 4,261, which represents the first obstacle to continued upward movement.

If this resistance is broken and maintained above it, the path will open towards higher technical targets at:

4,446 – 4,512

Then an attempt to regain the previous peak 4,743 – 4,957.

However, if the current support is broken, it is likely that declines will extend towards the next support area at 3,744 – 3,655.

■ Technical Levels:

📌 Resistance:

Current Resistance: 4,204 – 4,261

First Target: 4,446 – 4,512 (+11.6% to +13.3% approximately from the current price)

Second Target (Previous Peak): 4,743 – 4,957 (+19.1% to +24.4%)

📌 Support:

First Support: 4,071 – 3,977 (Critical Support Area)

Next Support: 3,744 – 3,655 (−6.0% to −8.2% approximately)