ETH Price Update – $3.4K in Sight if THIS Ethereum Support Fails!

Key Takeaways

What’s the Ethereum short-term outlook?

The 1-day chart confirmed that $3.9k-$4k was a key assist zone that wanted to be defended to maintain restoration hopes alive.

What are the primary overhead resistances?

The $4,250 and $4,472 had been Fibonacci retracement ranges. The $4,755 was an area excessive that wanted to be breached to show the market construction bullish.

The Ethereum [ETH] ecosystem dominated the brand new and energetic developer metrics for 2025, with Solana [SOL] are in second place. Their correlation was additionally shut, as proven by the current AMBCrypto report.

The outflow of Ethereum from the exchanges additionally boosted investor confidence. The ETH Change Provide Ratio on Binance was 0.033, indicating that traders self-placed their tokens. It was a low level in a number of months.

Mixed with information of Bhutan’s Nationwide Digital Identification anchored within the Ethereum community, traders have motive to stay optimistic. What do the worth charts present for the following ETH transfer?

Ethereum bulls shouldn’t ignore these warning indicators

Supply: ETH/USDT on TradingView

The weekly time-frame 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 appearing as a requirement zone.

Nonetheless, the OBV has fallen under the December 2024 excessive though the weekly worth has not but reached near $4k. This was a warning signal to traders that demand has weakened in current weeks. The RSI additionally remained under impartial 50.

Wanting forward, a weekly session shut under $3,712 could be a worrying signal as it might present that the bears had been robust sufficient to impact a retracement to $3.1k.

Supply: ETH/USDT on TradingView

On the each day chart, the market construction was bearish after the decline under $3,815. The imbalance at $4.2 (white field) has been stuffed.

The $4,250 degree represents the 61.8% Fibonacci retracement of Ethereum’s most up-to-date downward momentum transfer.

Because of this, Ethereum bulls may battle to push costs previous the $4.2k-$4.4k resistance zone within the coming days. Nonetheless, this effort will depend on their potential to carry assist above the important thing psychological degree of $4,000.

A drop under $3.9k may see ETH return to $3.4k within the subsequent two weeks.