Analysts Eye Support Zones as ETH Pulls Back
Ethereum (ETH) declined to $4,240 on Monday, retreating nearly 5% from its recent highs near $4,805. Despite the sharp correction, analysts remain focused on key support levels that could determine whether the rally continues or pauses for consolidation.
After a strong upward trend from June lows near $2,800, ETH surged above several resistance zones, breaking through $3,600 and $4,000 with heavy volume. The rally peaked around $4,805, where profit-taking triggered the latest sell-off.
ETH is now testing the $4,200–$4,300 support region, an area that previously acted as resistance in 2021 and early 2025. A failure to hold this zone could push prices toward the $3,600 demand area, while a rebound may set the stage for another attempt at all-time highs.
Ethereum’s correction comes amid broader volatility across major digital assets. Trading volumes remain elevated, with more than 102,000 ETH changing hands on major exchanges in the past 24 hours.
Despite the pullback, experts remain optimistic about Ethereum’s long-term trajectory, citing continued growth in DeFi, NFTs, and Layer-2 scaling adoption.
“Ethereum remains the backbone of Web3,”According to BITX analyst  . “Corrections of this magnitude are not unusual after parabolic rallies. The key is whether ETH can stabilize above its prior resistance levels and build a base for the next leg higher.”
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.