Ethereum Faces Resistance at $4,750, Eyes Key Support
Ethereum fails to break $4,750 and eyes support between $4,250–$4,450 as market cools down.
- Ethereum failed to break above $4,750 resistance.
- Major support zone lies between $4,250–$4,450.
- Market watching closely for potential sweep of support.
Ethereum attempted a breakout above the $4,750 level but couldn’t sustain momentum. Despite a strong push, the price faced selling pressure at this resistance and has started to pull back. This move mirrors Bitcoin’s price action, as both major cryptocurrencies show signs of cooling down after recent rallies.
Traders and analysts were watching closely as Ethereum approached the resistance, hoping for a breakout that could have opened the path toward new highs. However, the failed attempt has now shifted attention to the downside.
Key Support Zone in Focus
The most crucial level to watch now is the support zone between $4,250 and $4,450. This region has attracted strong buying interest in the past, and many bids are reportedly stacked here.
If Ethereum dips into this zone, the price action could play out in two ways:
- A bounce that confirms the strength of support, signaling potential for a renewed uptrend.
- A sweep below support that may trigger stop losses and shake out weak hands before rebounding.
In either case, this zone will be critical in shaping Ethereum’s short-term direction.
What’s Next for Ethereum?
Market participants are watching to see whether Ethereum will sweep the $4,250–$4,450 range or bounce before reaching it. A clean retest and rebound from this level could fuel confidence among bulls, while a deeper dip might introduce uncertainty.
Overall, while the failed breakout at $4,750 signals caution, Ethereum remains in a broader bullish structure as long as the major support holds.
