đ Ethereum Price Update: $4,100 Liquidity Sweep & Whatâs Next
Ethereum recently reacted to a key Fibonacci support level around $4,100. As expected, ETH tapped into that cluster and has now shown a bounce. But is this the start of a bigger rally, or just a temporary move in a corrective wave? Letâs break it down.
Key Support Levels in Play
$ETH 4,100 â Major liquidity cluster, now acting as immediate support
$3,665 â Next Fibonacci support level
$3,374 â Critical level to maintain the bullish structure
đ Short-Term Price Action
On the lower timeframes, Ethereum has:
Swept liquidity at $4,100
Bounced back toward the 23.6% Fib retracement level
Remained closely correlated with Bitcoin, which also touched its 23.6% Fib
Currently, ETH is still printing lower lows and lower highs, meaning short-term structure remains bearish. However, we may be forming the early stages of a B-wave bounce in Elliott Wave terms.
đ Elliott Wave Perspective
The move down to $4,100 could be labeled as an A-wave (possibly a leading diagonal or WXY structure).
ETH is now potentially in a B-wave bounce, which can overshoot resistance levels before a C-wave pullback.
A strong overshooting B-wave would increase the probability that ETH wonât break below $4,100 in the larger corrective wave.
âď¸ Resistance Levels to Watch
If Ethereum continues upward, the next resistance zones are:
$4,331
$4,416
$4,500
A breakout above $4,500 could invalidate the corrective structure and open the door for another cycle high.
ETHUSDT
Perp
4,200.1
-2.09%
