$ETH Ethereum ran into a tough wall around $3.2K, and sellers quickly pushed it back down. The rally that started near $2.6K has lost some steam, and price action is now stuck in a tight range while the market decides the next move.
Daily View ETH recovered nicely from $2.6K but couldn’t break through the major resistance at $3.2K. That area lines up with a long-term trendline, so it’s no surprise sellers were waiting there. The recent lower low on the chart shows the momentum has shifted a bit in favor of bears. If support breaks again, the door opens for a drop back toward $2.6K.
4-Hour View On the shorter timeframe, ETH tried to break out of its downtrend but failed to hold above it. The rejection sent the price into a key support area where buyers have reacted before. As long as ETH stays above this zone, it has room to bounce. Overall, the market still looks range-bound between $3K and $3.6K.
Market Psychology Liquidity was taken below $3,032 during the drop, which is often how the market resets before another move. There’s a cluster of liquidity sitting near $3.3K that could attract price again if buyers step in.
Bottom Line ETH is at a crossroads right now:
• If buyers defend support, a quick recovery toward $3.3K makes sense
• If the support gives way, another trip to $2.6K becomes likely
For now, patience is key. The next breakout will reveal where ETH wants to go next.
