Ethereum is currently under pressure in the falling channel, consolidating after the last rally. With 4,150 USD acting as key support, ETH seems to be preparing to reflect in the direction of resistance with a value of USD 4,788 and a high zone of all time.
ETH stays at a constant level of nearly 4190 USD because an area of $ 4,150
Ash Crypto, in his last analysis of the Ethereum 4H charts common X pointed out that ETH currently trades around USD 4190, maintaining slightly above the key support zone 4,150 USD. This level acted as an essential pillow for price action.
He also noticed that the Ethereum price movement is developing in a falling channel, a pattern that usually reflects miniature -term repair pressure. This happens after a sturdy rally up at the beginning of this month, which suggests that the market is currently stopping and consolidates profits before making the decision of its next main direction.
According to an analyst, if buyers can defend the support of $ 4,150, ETH can gain enough strength to try a breakthrough from the channel. Such a movement could pave the way for a re -testing test of $ 4,788 or a high zone of all time. A successful push over this area would probably ignite the renovated stubborn rush and perhaps extended a larger upward trend.
On the other hand, if the USD 4150 disappears under lasting sales pressure, Ethereum may meet with a deeper withdrawal. Another sturdy support lies around USD 3,900, a level that complies with higher time support zones. This makes Bulls defense crucial for bulls, because the lack of sticking to there can change market moods and signal the beginning of a more extended correction.
The next Ethereum movement depends on the key price levels
In his analysis, Ethereum Ash Crypto emphasized the importance of momentum and key levels to watch carefully. He pointed out that ETH is currently trading in a miniature -term bear structure, characterized by a series of lower levels and lower low on the chart.
Despite this fleeting weakness, Ash emphasized that a breakthrough over a falling channel would be a stern change of momentum. Such a move would transfer the current perspectives of the bear to the stubborn, signaling the possibility of renewing the pressure of pros and potential continuation of a wider level of growth.
On the other hand, USD 4,150 remains the most critical support. If this level does not persist, another sturdy support can be found at the price of USD 3,900. As for the advantages, the resistance to the watch is USD 4,788. Successful processing and a breakthrough above this level will probably confirm the sturdy stubborn reversal, opening the ETH door to press the unknown territory.
