ETH price update – $3.4K in sight if THIS Ethereum support fails!
Key Takeaways
What’s the short-term Ethereum outlook?
The 1-day chart confirmed that $3.9k-$4k was an vital assist zone that ought to be defended to maintain hopes of restoration alive.
What are the important thing resistances overhead?
The $4,250 and $4,472 had been Fibonacci retracement ranges. The $4,755 was an area excessive that ought to be breached to flip the market construction bullishly.
The Ethereum [ETH] ecosystem dominated the brand new and lively developer stats for 2025, with Solana [SOL] rating in second place. Their correlation was tight, as effectively, as revealed by the latest AMBCrypto report.
The outflow of Ethereum from exchanges additionally buoyed investor confidence. The ETH Trade Provide Ratio on Binance was 0.033, indicative of buyers transferring their tokens into self-custody. It was a multi-month low.
Mixed with the information of Bhutan’s Nationwide Digital Id anchored on the Ethereum community, buyers have cause to keep up a bullish outlook. What do the value charts present for the subsequent ETH transfer?
Ethereum bulls shouldn’t ignore these warning indicators
Supply: ETH/USDT on TradingView
The weekly timeframe confirmed a bullish swing construction. The Fibonacci retracement ranges had been plotted primarily based on this swing transfer from $1,385 to $4,798. On the time of writing, the bullish breaker block at $4k, highlighted in cyan, was performing as a requirement zone.
Nonetheless, the OBV has dipped under the excessive from December 2024, despite the fact that the weekly value shut under $4k has not arrived. This was a warning signal for buyers that demand has slowed down in latest weeks. The RSI additionally remained under the impartial 50.
Trying ahead, a weekly session shut under $3,712 could be a worrying signal, as it might present bears had been sturdy sufficient to drive a retracement to $3.1k.
Supply: ETH/USDT on TradingView
On the every day chart, the market construction was bearish after the drop under $3,815. The imbalance at $4.2 (white field) has been stuffed.
The $4,250 stage represents the 61.8% Fibonacci retracement of Ethereum’s most up-to-date downward impulse transfer.
Because of this, Ethereum bulls could battle within the coming days to push costs past the $4.2k–$4.4k resistance zone. Nonetheless, this effort is determined by their means to keep up assist above the important thing psychological stage of $4,000.
A drop under $3.9k might see ETH retrace to $3.4k over the subsequent week or two.
