Ethereum remains in a corrective phase after not breaking convincingly above its historical maximum about $ 4.9K. The price has passed below the key supports, which increases doubts about the short -term impulse.
It is likely that the next sessions determine if ETH maintains its broader bullish trajectory or enters a deeper correction.
ETH price: technical analysis
By Shayan
The daily table
In the daily table, ETH continues to trade within its ascending channel, although the impulse has clearly weakened after rejection in the upper limit of the channel. The asset has now retired towards the support of the midline around $ 4.2K, which has acted repeatedly as a key demand zone.
The RSI has decreased to around 52, reflecting the cooling force and the growing balance between buyers and vendors. A decisive rupture below $ 4.2K probably expose the region of $ 3.8K, which overlaps with the liquidity pocket on the sale side and previous consolidation levels.
On the contrary, if buyers maintain this level, ETH could be consolidated before setting up another attempt towards the $ 4.8K resistance zone, keeping intact the broader upward structure.
The 4 -hour table
Within 4 hours, ETH has broken below its most pronounced ascending trend line, although the midst of the largest channel near $ 4.2K continues to provide a crucial support. This has placed the market in a limited consolidation range with a $ 4.2ky resistance support of $ 4.8K.
The demand zone of $ 4.2K is the key battlefield. A breakdown here would confirm a change in the structure of the market, probably accelerating a movement towards the $ 3.8K area. However, if buyers defend this support and recover the swing of $ 4.6K Alto, the impulse could quickly revert, with liquidity objectives to $ 4.8ky potentially beyond.
Sail analysis
By Shayan
During the past week, Ethereum’s strong rejection of $ 4.9K triggered a long liquidation waterfall, sending the lowest price towards the range of $ 4.2K. The liquidation heat map stands out where leverage positions are grouped, offering information about what levels are more likely to attract short -term price.
The heat map currently shows a dense liquidity cluster between $ 4.8ky $ 5K, where aggressive short positions were previously trapped. This remains a significant ascending objective, suggesting that any bullish thrust could aim to sweep the remaining liquidations in this area.
At the disadvantage, large concentrations of long liquidations have accumulated within the range of $ 3.8k– $ 4.2K, aligning with key technical support areas. If sellers regain control, these levels could serve as downward magnets, accelerating more corrections.
Until one side is decisively cleaned, Ethereum is likely to remain in a liquidity -attached range environment. A rupture above $ 4.6K would probably activate a race in the $ 4.8K liquidity group, while a breakdown below $ 4.2K could open the road to the $ 3.8K area.
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