$ETH price stabilizes around 4.23K as sellers tend to rebound

The price dropped from 4.48K and is currently in the range of 4.22K to 4.23K. The trajectory behind the price shows that each time there is an upward movement, the number of sell orders is steadily increasing, while the right axis maps the long liquidations below 4.22K.

📊 ETH/USDT – Binance 15-month trading volume + liquidation chart. Current price: 4.23K

🔄 Market structure:

Dramatic drop from 4.44K to 4.19K

Super trend mainly red, slight increase, volume increase

Trading within a narrow range of 4.22K–4.28K

💥 Liquidation zone:

🔴 Short risk (resistance):

4.26K–4.28K – Initial sell zone and repeat sell block

4.32K – Previously rejected during the day

4.36K–4.40K – Thicker supply bag

🟢 Long risk (support):

4.22K – Immediate bid

4.20K–4.19K – Bounce base, high long liquid density

4.16K – If it breaks 4.19K, the pool will be deeper

📢 Key points:

Current indirect fee cap is 4.26K–4.28K

Closing price above 4.28K, opening price at 4.32K, then 4.36K

If it drops to 4.22K, the price may retest 4.19K, then 4.16K

🧭 Key levels:

Support: 4.22K → 4.19K → 4.16K

Resistance: 4.28K → 4.32K → 4.36K