Ethereum is currently trading at $4,555.18, down 3.09% over the past 24 hours. The asset slid to an intraday low of $4,453.13 after failing to hold above the $4,672 resistance zone, reflecting increased selling pressure during the latest session.
Market Snapshot — 15-Minute Chart
Trend: Steep decline from $4,672, followed by a short-lived bounce from $4,521.
Support Levels: $4,520 (immediate), $4,480 (secondary).
Resistance Levels: $4,600 (short-term), $4,670 (major barrier).
Order Flow: 22.42% Buy vs. 77.58% Sell — sellers dominate short-term sentiment.
Trading Outlook
Bullish Scenario: A breakout above $4,600 could trigger a retest of $4,670.
Bearish Scenario: A sustained move below $4,520 risks further downside toward $4,450–$4,420.
Risk Management
Given the high volatility, traders should consider tight stop-loss levels to protect against rapid intraday swings.
Conclusion
ETH is consolidating near a critical support zone. While a rebound remains possible if buying activity picks up, the current bias favors sellers. The next decisive move will likely emerge from a breakout beyond the $4,520–$4,600 range.
