ETH/USD – 4H Technical Analysis
Ethereum remains below a key resistance zone around 3,050–3,100, where multiple rejections have occurred. Price has recently broken below the ascending trendline, signaling weakening bullish momentum and a potential shift to a corrective phase.
Current consolidation near 2,920–2,950 suggests indecision. Failure to reclaim the trendline and resistance could open the door for a pullback toward 2,780, with a deeper move targeting the support/target zone around 2,620–2,650.
A sustained 4H close back above 3,100 would be needed to invalidate the bearish bias and restore upside continuation.
ETHUSDT
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2,339.79
-0.96%