ETH faces heavy resistance near $3,900, with significant liquidity sell walls ahead
A drop below $3,147 could trigger a deeper slide toward the $2,900 demand zone
Long-term breakout above $4,000 may open the path to the projected $8,000 target
Ethereum is trading near $3,639 after repeated rejections below $3,800. Who leads next—bulls or bears?Support is at $3,147 and resistance at $3,900, next move could determine where ETH heads in the short to mid-term.
Breakdown Confirms Weakness Below $3,800
Ethereum is currently trading at around $3,639, up 1.54% today, according to Binance’s 4-hour chart. The price structure has turned fragile after a breakdown from a rising wedge, signaling potential bearish pressure. As CryptoPatel noted on X, a clean retest of the trendline followed the breakdown. Until ETH reclaims $3,800, short-term trajectory remains tilted to the downside.
https://twitter.com/CryptoPatel/status/1953029530748371167
The zone between $3,750 and $3,800 has held firm, with multiple failed attempts to break through. Classic bearish divergence, marked by a rising price but weakening momentum, supports this view. The key supports to watch are $3,147 and $2,913. A drop below the former, backed by volume, could invite sharper declines.
Bulls Eye Breakout Above $4,000
Despite recent weakness, signs of a possible bullish reversal are emerging. As pointed out by rovercrc, both ETH/USDT and ETH/USD charts show Ethereum defending the $3,400–$3,500 zone — a former breakout area now acting as support. The formation of a double bottom, a typical reversal pattern, hints at potential upside if follow-through buying appears.
ETH is also nearing a descending resistance trendline near $4,000. A close above this level, supported by rising volume, could flip sentiments. The next bullish targets could be $4,300 to $4,500, mirroring the rally seen in early July after a similar structure.
Liquidity Cluster Could Trigger Volatile Move
A liquidity heatmap from TedPillows via Coinglass shows intense sell-side liquidity stacked between $3,900 and $4,000. This cluster is the main hurdle for any bullish continuation. Until broken, ETH may stay trapped in sideways action or face pullbacks.
However, CryptoGoos adds a longer-term bullish lens. The monthly ETH/USDT chart reveals a macro cup-and-handle structure, forming a base for a potential rally toward $8,000 by 2028. This move depends on a clean break above $4,000 — a level critical for both short-term momentum and long-term trend reversal.
The post ETH Struggles Below $3,800, Can it Reclaim Momentum for $4K+ Push? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
