ETH Price Struggles to Break Key Barriers as Sellers Step In
Ethereum (ETH) is encountering strong resistance around the $4,500 zone, after a sharp rally pushed prices higher earlier this week. The second-largest cryptocurrency by market capitalization saw momentum stall as sellers re-emerged at critical supply areas, leaving traders uncertain about the next directional move.
After bouncing from the $4,300 support level, ETH staged a swift recovery, briefly approaching $4,800 resistance before facing heavy profit-taking. The chart shows that supply zones near $4,620 and $4,880 remain significant hurdles, where sellers have repeatedly capped upward momentum.
“Ethereum’s inability to hold above $4,500 suggests the market is still consolidating,” BITX market analyst noted. “Unless we see a decisive break above $4,620, the risk of another retest of $4,300 support remains on the table.”
The $4,300–$4,350 range is acting as a critical demand zone, highlighted by rising buying volume during pullbacks. A breakdown below this level could expose ETH to deeper declines toward $4,100, where stronger historical support lies. On the other hand, reclaiming $4,620 with convincing momentum may open the door for a push toward $4,880 and $5,000 psychological resistance.
Trading activity has remained relatively elevated, reflecting the ongoing battle between bulls and bears. Volume spikes on both upward and downward moves underscore the importance of these technical levels in shaping short-term sentiment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.