$ETH
is trading at $3,784, showing slight weakness but holding within a key decision zone. The market has been coiling in a narrow band, and the charts are whispering: a breakout is near.
🕯️ K-line (Candlestick) Analysis:
Daily Chart (1D):
Resistance: ~$3,940 – recent intraday high. ETH keeps getting rejected here.
Support: ~$3,760 – the current price is barely holding this level.
Structure: ETH is forming a symmetrical triangle, squeezing between lower highs and higher lows.
Volume has thinned, indicating traders are waiting for confirmation.
4H Chart:
ETH tried to push above $3,900 but got rejected with a long upper wick showing supply dominance at higher levels.
RSI is neutral (~50), leaving room for either direction.
Price is dancing on the 20 EMA, a break below could test the 100 EMA at ~$3,720.
Key Price Levels:
Immediate Resistance: $3,940
Major Breakout Zone: $4,000+
Support to Watch: $3,760 → $3,720 → $3,600
Breakdown Risk: Below $3,600, ETH could drop to $3,350 quickly.
ETH is trapped in a tightening range. This is a classic pre-breakout setup. When the range finally breaks, the move could be sharp and directional.
If Bitcoin holds above $118K and the ETH ETF narrative heats up again, expect ETH to rip through $4,000. But if bulls fail to defend $3,760, the market could punish longs harshly.
Ethereum is moving sideways for now but sideways doesn't last forever. This is the quiet before the breakout.