Ethereum’s Pullback Hits Firm Support – Key Levels Primed for Major Rebound

Ethereum's recent dip meets solid footing—traders are watching these crucial support zones for the next leg up.

Where the Bounce Begins

Critical demand levels held strong despite the sell-off, keeping bullish hopes alive. Resistance crumbles faster than a traditional bank's excuses during a crypto rally.

Timing the Reversal

Volume patterns suggest accumulation near current prices. Smart money isn't waiting for the all-clear signal—they're loading up while weak hands panic.

Upside Targets in Play

A clean break above nearest resistance could trigger a run toward previous highs. ETH's network activity continues outpacing legacy finance systems—because who needs intermediaries when code executes flawlessly?

Remember: in crypto, they call it 'volatility'; in stocks, they call it 'a margin call'. Your move, Wall Street.

Ethereum Price Eyes Fresh Increase

Ethereum price started a fresh increase after it formed a base above the $4,350 zone, like Bitcoin. ETH price was able to climb above the $4,550 and $4,650 resistance levels.

The price even climbed above $4,700. A high was formed at $4,765 and the price is now consolidating gains. There was a minor pullback below the 23.6% Fib retracement level of the upward MOVE from the $4,268 swing low to the $4,765 high.

Besides, there was a break below a key bullish trend line with support at $4,660 on the hourly chart of ETH/USD. ethereum price is now trading above $4,550 and the 100-hourly Simple Moving Average.

On the upside, the price could face resistance NEAR the $4,650 level. The next key resistance is near the $4,685 level. The first major resistance is near the $4,700 level. A clear move above the $4,700 resistance might send the price toward the $4,750 resistance. An upside break above the $4,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,820 resistance zone or even $4,880 in the near term.

Another Drop In ETH?

If ethereum fails to clear the $4,685 resistance, it could start a fresh decline. Initial support on the downside is near the $4,550 level. The first major support sits near the $4,520 zone and the 50% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high.

A clear move below the $4,520 support might push the price toward the $4,420 support. Any more losses might send the price toward the $4,350 pivot level in the near term. The next key support sits at $4,270.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $4,550

Major Resistance Level – $4,685