EthereumBinance SquareNews

ETH Price Rebounds to $4.40K After Hitting $4.25K Low

ETH rebounds to $4.40K after dipping to $4.25K, showing signs of strong buying and potential breakout above key resistance levels.

  • ETH bounced from $4.25K to test $4.40K.
  • Strong buyer interest shown at $4.25K support.
  • Breakout above $4.44K could confirm bullish momentum.

Ethereum (ETH) has seen a sharp recovery after dipping to a low of $4.25K. The current price sits around $4.40K, supported by strong buyer interest that emerged during the recent drop. According to Binance’s 15-minute footprint and liquidation map, this bounce is backed by aggressive absorption at the lower levels, indicating bulls are stepping in.

The market structure shows ETH sold off from $4.66K down to $4.25K, but a SuperTrend flip and heavy buy activity at the $4.25K base have helped ETH reclaim higher ground. With liquidation clusters forming around $4.36K to $4.44K, this zone remains a critical resistance band.

Resistance Zones to Watch Closely

The $4.36K–$4.44K range is proving to be a major hurdle. This area has seen previous rejections, and the liquidation map shows a concentration of short positions in this band. A clear breakout above $4.44K would signal a momentum shift and potentially pave the way for a move toward $4.52K.

If bulls manage to break this upper resistance, ETH could continue its uptrend. However, failure to do so might cause the price to revisit key support levels.

Support Levels Holding Strong

On the downside, ETH has solid support at $4.32K and below, with the $4.28K–$4.25K range acting as a strong liquidity shelf. These levels are important for bulls to defend. A loss of $4.32K could result in a quick retest of the lower range. If $4.25K fails to hold, the price could drop toward the deeper support pocket at $4.22K.

Overall, the recent price action shows ETH is consolidating between $4.25K and $4.44K. The next major move will likely be determined by how price reacts at the upper boundary.

Read Also :

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

Related Articles

Back to top button