Ethereum has slipped under the $4,200 mark, raising the stakes for traders watching whether this turns into a short-term dip or a deeper correction.
🔑 Key Levels
Immediate Support: $4,150 → If buyers defend this level, ETH could stage a rebound toward the $4,788 resistance zone (near all-time highs).
Major Resistance: $4,788 → A strong breakout above here would confirm bullish continuation.
Downside Risk: Losing $4,150 on momentum exposes ETH to a potential slide toward $3,900, a key higher timeframe support.
📊 Technical Snapshot
Current Price: ~$4,097 (MEXC) / ~$4,103 (CoinGecko)
Market Cap: ~$494.6B (MEXC) / ~$501.7B (CoinGecko)
24h Volume: ~$662.9M (MEXC) / ~$40.8B (CoinGecko)
Pattern: ETH is moving within a falling channel, signaling corrective pressure.
Momentum: Intraday trend bearish (lower highs, lower lows).
Bullish Trigger: A breakout above the falling channel could flip momentum back to buyers.
🧭 Market Outlook
Ethereum sits at a critical inflection point.
Hold $4,150 → bounce toward $4,788 resistance possible.
Break below $4,150 → sellers likely target $3,900 support.
The next few sessions will be decisive in shaping ETH’s trajectory for the weeks ahead.
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