Ethereum price analysis reveals that ETH is navigating a critical juncture, with consolidation persisting above key support levels. Failure to hold these zones could trigger a significant bearish shift.
Technical Perspective: Ethereum Price Analysis
Daily Chart Insights
Ethereum remains locked within a range, trading between the resistance near $4,600–$4,700 and firm support around $3,400–$3,500. After losing the lower trendline this month, ETH retested this level from below, confirming it as resistance. The current setup suggests the market is in equilibrium, with neither bulls nor bears having decisive control.
The 100-day moving average (MA) has flipped from support to resistance near $4,100–$4,200, while the 200-day MA at $3,100 acts as the last major support line. As long as Ethereum remains above the $3,400 support, the long-term bullish trend stays intact. However, dropping below this threshold could send ETH toward $3,000–$2,900, where a liquidity cluster and major accumulation zones converge.
4-Hour Chart Observations
On the 4-hour timeframe, Ethereum price analysis highlights a descending wedge pattern following a sharp rejection at $4,200. Price repeatedly tests the intersection of descending and ascending trendlines, reflecting ongoing competition between buyers and sellers. The lower boundary of the wedge aligns with the broader support zone, suggesting ETH is nearing a volatility inflection point.
If Ethereum breaks above the wedge and closes over $4,000–$4,100, it could trigger a reversal targeting $4,400–$4,600. Conversely, a breakdown below $3,700 would likely accelerate losses toward $3,400, threatening the bullish market structure. Until then, expect continued range-bound movement.
Sentiment and On-Chain Analysis: Ethereum Price Analysis
Recent on-chain data underlines tightening supply in the Ethereum market. Since mid-October, exchange reserves have dropped while large whale transactions have increased. This suggests strategic accumulation by institutional investors or high-net-worth traders, even as ETH stabilizes just below $4,000.
With exchange-held Ethereum at its lowest levels for 2025 and whale-sized spot orders on the rise, the market may be entering a supply squeeze phase. Historically, such conditions have preceded major rallies, as seen during the accumulation period in late 2020. Should market sentiment improve and inflows to ETH-focused investment vehicles return, these tightening dynamics could fuel Ethereum’s next major upward cycle. (Source: Investopedia)
Key Levels to Watch: Ethereum Price Analysis
- Major Resistance: $4,600–$4,700
- Immediate Resistance: $4,100–$4,200
- Primary Support: $3,400–$3,500
- Critical Support: $3,000–$2,900
Investors should monitor these zones closely, as a decisive break could set the direction for Ethereum’s next move. Stay tuned for further Ethereum price analysis updates as volatility returns to the market.
