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Recent Price Action
Ethereum has recently experienced significant volatility. After reaching a high of $4,576, ETH faced strong selling pressure that pushed the price down to $4,060. From this point, buyers stepped in and managed to lift the price back toward the $4,210 level. At present, Ethereum is at a crucial juncture where the next move will determine whether the market heads into a recovery phase or faces another downward leg.
Technical Overview
The broader short-term trend has been bearish, with the price forming lower highs and lower lows. Support is currently established in several key zones: the $4,120–$4,150 range acts as a short-term demand area, $4,060 has already proven to be a strong bounce point, and $4,034 serves as the last line of defense before deeper downside risk emerges.
On the upside, Ethereum is facing notable resistance at $4,261, which is a critical breakout level. Additional hurdles lie at $4,318, with further potential targets at $4,379 and $4,466 if buyers regain momentum.
Bullish Scenario
If Ethereum manages to hold above the $4,120–$4,150 range and break decisively through $4,261, the outlook shifts in favor of the bulls. A breakout at this level could pave the way for a move toward $4,318, followed by higher targets at $4,379 and $4,466. Such price action would suggest that buyers are back in control and that the correction from $4,576 may have run its course.
Bearish Scenario
Failure to overcome $4,261 would leave Ethereum vulnerable to renewed downside pressure. If the price falls back below $4,120, a retest of $4,060 becomes likely. A decisive break below $4,034 could accelerate losses, bringing ETH down toward the psychological $4,000 mark or even into the $3,960 region. In this case, the recent bounce would be confirmed as a temporary relief rally rather than the beginning of a sustained recovery.
Trading and Investment Considerations
For traders, long opportunities become favorable only if Ethereum breaks and holds above $4,261. On the other hand, short setups may appear if ETH fails at resistance near $4,260 or falls through the $4,034 support level.
For spot investors, the most attractive accumulation range is between $4,180 and $4,060. More aggressive buying should only be considered if Ethereum secures a breakout above $4,261. Should the market slip below $4,034, however, a cautious approach is advisable until clearer signs of stability emerge.
Conclusion
Ethereum is currently positioned at a decision point. The bounce from $4,060 highlights that buyers remain active, yet without a decisive push above $4,261, the asset continues to face downside risk. A move above $4,261 would confirm bullish momentum with upside targets at $4,318, $4,379, and $4,466. Conversely, a breakdown below $4,034 would shift the outlook bearish, exposing the $4,000 and $3,960 zones. Until one of these scenarios plays out, patience and disciplined risk management remain essential.