Ethereum remains under heavy selling pressure after losing a key support area and sliding toward the lower edge of its broader trading range. Although buyers have so far defended the range lows, the market structure still favors bears unless ETH can reclaim several important resistance levels above the current price.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH is confined within a wide range bounded by the upper resistance zone near $1,750–$1,850 and the lower demand area around $1,450–$1,550.
The recent breakdown beneath the upper range support represented a meaningful structural shift. ETH lost the $1,800 region and quickly moved into the lower portion of the range, where it eventually found demand just above the lower zone near $1,500. The sharp rejection from that area confirms buyers are defending the range floor, which has so far prevented a deeper bearish continuation.
Despite this bounce, the broader trend remains weak. ETH is trading under a descending long-term trendline and below both the 100-day and 200-day moving averages, all of which slope downward. This alignment indicates sellers retain control until these technical barriers are decisively overcome.
So long as ETH remains between the two blue zones, the market should be considered range-bound rather than trending. The lower zone around $1,450–$1,550 is the primary support, while the upper $1,750–$1,850 area is the first major resistance to reclaim for bullish momentum to return.
ETH/USDT 4-Hour Chart
The 4-hour chart offers a clearer picture of the recent capitulation and the subsequent rebound. After breaking below the $2,000 support, ETH experienced an aggressive sell-off that pushed the price into the lower daily demand zone. The recovery that followed appears corrective so far, with the asset still trading beneath several important Fibonacci retracement levels measured from the latest decline.
The primary area to watch is the Fibonacci resistance cluster between $1,820 and $1,900. This cluster includes the 0.618 retracement near $1,820, the 0.702 level close to $1,860, and the 0.786 retracement around $1,900. The proximity of these levels creates a notable supply region where sellers could re-enter and exert downward pressure.
Given the current structure, a continued relief rally toward this Fibonacci cluster is plausible before the next significant directional move. That pullback would also align with the previous breakdown area, increasing its technical significance as resistance.
If ETH is rejected in the $1,820–$1,900 range, the recent rebound could end up as a bearish retest within the ongoing downtrend. Conversely, a decisive break above $1,900 would weaken the bearish structure and open the possibility of a move back up toward the $2,000–$2,050 resistance zone.
Sentiment Analysis
The Binance liquidation heatmap highlights a concentration of liquidity between $1,700 and $1,800.
This liquidity cluster lines up with several technical resistance levels on the charts, including the 0.5 Fibonacci retracement near $1,760 and the lower portion of the broader Fibonacci resistance zone extending toward $1,800. Such confluence often draws price action as the market searches for nearby liquidity pools before determining its next direction.
From a derivatives standpoint, the dense liquidation levels above the current price imply a short-term liquidity-driven squeeze remains possible. A move into the $1,700–$1,800 area could trigger liquidations that add upward momentum toward the higher Fibonacci levels near $1,860–$1,900.
Therefore, the liquidation profile supports the possibility of a near-term relief rally, even though the broader trend stays bearish until ETH reclaims the major resistance cluster overhead. How the $1,700–$1,800 liquidity pocket interacts with the Fibonacci resistance zone may ultimately decide whether the current rebound evolves into a larger recovery or simply forms another lower high within the prevailing downtrend.