Ethereum’s recent price movements reflect the market moving from impulsive selling to a potential short-term stabilization phase. After plummeting towards the $1,750 demand zone, $ETH Although the market has responded with a gradual rebound, fluctuations are expected to continue in the short term.
Ethereum Price Analysis: Daily Chart
On the daily chart, $ETH continues to trade within a descending channel, with highs and lows still holding. The recent impulse sell-off pushed the price sharply into the $1.8,000 demand area, where buyers reacted and caused a rebound towards the $2.1,000 area.
However, the asset is still below the 0.5 Fibonacci level at $2,4,000 and well below the 0.618 level at $2,5,000, confirming that the current move is a correction rather than a confirmed trend reversal.
The $2.7,000 range, which coincides with the 0.702-0.786 retracement level, exists as a major supply zone and will be a key resistance area if a stronger recovery develops. only for $ETH The broader structure favors sellers as it remains below $2.5,000, but the $1.7,000 level remains an important support to hold.
$ETH/USDT 4 hour chart
On the 4-hour chart, the price trend is forming a short-term contract structure after a sharp rebound from $1.7,000. The market is currently moving between an ascending short-term support trend line and a descending local resistance trend line, compressed around $2.1,000. A breakout of $2.1,000 could pave the way to the next major resistance level at $2.5,000.
Conversely, a loss of intraday support at $2,000 could re-expose the $1.8,000 zone. For now, $ETH Following the recent spike in volatility, there appears to be a short-term consolidation phase between $1.8,000 and $2.1,000.
sentiment analysis
Ethereum’s spot average order size chart shows a noticeable increase in the green dot during the recent decline towards the $1.8,000 area. These green clusters represent large, whale-sized spot orders that entered the market as prices traded lower. This action suggests that large companies may accumulate during a panic-driven selloff.
While this does not indicate an immediate trend reversal, the concentration of whale activity around $1.8,000 strengthens this zone as a structurally important demand area. If the accumulation continues and the price stabilizes above $2,000, the likelihood of a broader recovery towards higher resistance levels will gradually increase.
