ETH Price Faces Pullback After Hitting Multi-Month Highs

Ethereum’s recent rally cooled on Monday as the price slipped below $4,330, signaling that bullish momentum may be pausing after testing key resistance zones. The move follows an aggressive climb that saw ETH touch a local high near $4,805, its strongest level in months.

Chart data highlights a crucial support area around $4,000–$4,100, where buyers previously stepped in during late July. If this zone fails to hold, analysts caution that Ethereum could revisit the mid-$3,500 region, an area that acted as both resistance and support earlier this year.

“The $4,000 mark is pivotal. A sustained breakdown below this level could expose Ethereum to deeper retracements toward $3,500,” According to BITX market strategist.

On the upside, ETH faces resistance around $4,750–$4,800, the level where profit-taking began last week. Traders say a decisive close above this zone would open the path toward psychological resistance at $5,000.

Despite the short-term pullback, sentiment remains cautiously optimistic. “Ethereum has been one of the best-performing assets this quarter. A correction here is healthy, especially after such a steep climb,”According to BITX analyst.

Volume on the daily chart also suggests profit-taking rather than panic selling. Key demand blocks between $3,700 and $4,000 remain intact, underscoring that buyers still dominate the medium-term trend.

Market observers suggest traders watch how ETH reacts around its current levels. If buying pressure returns at $4,000, Ethereum could stabilize and make another attempt at breaking its highs. However, a decisive slip below that level would likely shift the narrative toward a more prolonged consolidation.

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.