$ETH – 4H Technical Outlook
ETH is trading around $3,030 after a deep correction from the $4,700–$4,800 zone. Selling pressure has clearly cooled, and price is now moving sideways rather than trending lower.
Market Structure-
Previous downtrend with lower highs and lower lows.Recent shift into range-bound consolidation.Indicates balance between buyers and sellers
Key Levels
Support: $2,850–$2,900
Major support: $2,700
Resistance: $3,200–$3,250
Upper resistance: $3,600+
Volume Insight
Strong volume during the sell-off which is equal distribution and Falling volume during consolidation equals base building phase.
A breakout needs volume expansion for confirmation.
What to Watch
Bullish: 4H close above $3,250 → targets $3,400–$3,650
Bearish: Loss of $2,850 → downside risk toward $2,700
Conclusion:
ETH is neutral, not weak , consolidating after a sharp drop.A strong move is likely once price breaks the range.
