Analysis #ETH #ETH #Ethereum

Ethereum's failure to break through the last resistance area allowed sellers to take control of the market and push the price towards support levels.

🔹 The price is currently trading at $4111 – $4215, which is a critical support area that may determine the upcoming trend.

On the H4 timeframe: the picture is still bearish with increasing pressure from sellers.

On the daily timeframe: there is still hope for support to hold and buyers to return if the price can stay above this area.

📊 Potential scenarios:

1️⃣ Breaking support → could open the door for further decline.

2️⃣ Rebounding from the area → we may see a new attempt to break the previous resistance.

👀 Close monitoring is essential, as the upcoming movement of #ETH may determine the mood of the market as a whole.

$ETH

ETH

4,423.97

+0.29%