Ethereum Price Update: $4,100 Liquidity Sweep – What’s Next for ETH?
Ethereum recently tested a key Fibonacci support zone around $4,100, sweeping liquidity before bouncing higher. The question now is: are we looking at the beginning of a larger rally, or just a corrective move? Let’s break it down.
🔑 Key Support Levels
$4,100 → Major liquidity cluster, now immediate support
$3,665 → Next Fibonacci support
$3,374 → Critical level to keep the bullish macro structure intact
📊 Short-Term Price Action
On lower timeframes, ETH has:
Swept liquidity at $4,100
Bounced toward the 23.6% Fib retracement
Mirrored Bitcoin’s similar Fib move
Still printing lower lows & lower highs, keeping short-term structure bearish
However, this may be setting up the early stages of a B-wave bounce in Elliott Wave terms.
🔍 Elliott Wave View
The drop to $4,100 can be counted as an A-wave (likely a leading diagonal or WXY).
ETH may now be in a B-wave bounce, which could overshoot resistance levels before a C-wave pullback.
A strong B-wave bounce raises the odds that $4,100 will hold as a key support in the bigger structure.
⚔️ Resistance Levels to Watch
If momentum continues upward, ETH faces resistance at:
$4,331
$4,416
$4,500
A confirmed breakout above $4,500 could invalidate the corrective scenario and pave the way for a new cycle high.
