Current Market Structure: ETH is trading around $4,520 after establishing a strong support base above the $4,400 psychological level. The price action shows classic consolidation following the recent breakout, followed by a slight pullback.
Key Technical Levels: Immediate resistance sits at $4,600–$4,650, coinciding with the 20-day moving average. A decisive break above this zone opens the path toward $4,800, which represents the next significant resistance cluster. On the downside, $4,450–$4,500 remains the critical support.
Momentum Analysis: The RSI around 59–61 indicates neutral-to-bullish momentum without being overbought. Moving averages remain supportive, with the price trading above key EMAs, suggesting the underlying trend structure remains intact despite short-term consolidation.
A break above $4,600 with volume confirmation would signal continuation toward $4,800–$4,900 targets. However, failure to hold $4,450 could trigger a deeper correction.
Risk Management: Given the current sideways action, patience is key. Wait for clear directional signals before committing significant capital.
Volatility Signals and Risk Factors: Bollinger Bands are widening after a period of squeeze, which typically indicates that high volatility is imminent. ETH is at a “make-or-break” zone, and any sharp movement outside the current range could lead to rapid price discovery in either direction.
Market Sentiment and Macro Events: Although institutional inflows remain supportive, the imminent Federal Reserve rate decision and ongoing macroeconomic uncertainties are keeping traders cautious in the short term. Experienced traders should monitor these external factors closely, as they could prompt fast changes in market sentiment and add unpredictability to ETH’s price.
At the time of writing, ETH was trading at $4,523.
ETH remained in a consolidation zone for 14 days. After taking support at $4,238, it resumed its uptrend and broke out of the consolidation range. However, ETH showed a fake breakout and started a downtrend from the $4,774 level. Once it crosses the resistance trendline, a strong up move toward new ATH levels is likely. On the downside, strong support lies near $4,200—if this level breaks, the downtrend could extend further.
Key Points: Watch for volume. Strong volume confirms the trend, making it favorable to trade. If volume is low, ETH is likely to consolidate within the same range again.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $4,200 | $4,500 | ETH | $4,775 | $5,000 |
Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!
