Ethereum (ETH) is currently trading at $4,535, having decreased by 1.72% in the past 24 hours. The participation in the market has declined, with trading volume falling by 34.93% and currently standing at $30.82 billion. The fall indicates decreased investor activity and portrays a pessimistic short-term expectation.
Source: CoinMarketCap
During the last seven days, ETH declined by 0.55%. Analysts refer to the move as being normal instead of a structural failure. Since the second quarter of 2025, Ethereum is up by over 230%, and this has kept it near its all-time high. Many view the dip as a result of retail profit-taking, rather than indicating a broader trend reversal.
CryptoPulse, a crypto analyst, highlighted the potential for another Ethereum breakout. The platform anticipates consolidation of between $3,973 and $4,121. The levels of key resistance lie between $4,874 and $4,956. Any breakout above this territory may take Ethereum into price discovery and set new highs.
Source: X
Additionally, another analyst, Lennaert Snyder, mentioned that ETH is compressed and heading towards significant technical levels. He noted that the market needs to regain the critical resistance at the $4,630 level and resume its movement.
Also Read: Can Ethereum (ETH) Reach a New All-Time High Before 2026?
Analysts believe that the short-term support is at $4,460, which will potentially be the short-term stability point. He also indicated that liquidity is near to $4,250 as this might be a price zone where it may be drawn towards in the event the market is pushed further.
Source: X
According to CoinGlass data, the trading volume declined 42.08% to $66.50 billion, reflecting a lack of spot demand. The open interest increased by 0.87% to reach $64.55 billion, indicating stable positioning in futures. The ETH OI-Weighted Funding Rate is 0.0057%, which indicates a neutral position with no obvious inclination to buyers or sellers.
Source: CoinGlass
ETH is currently at a pivotal point. The support that might result in a new wave of bullish power, and the inability to hold support levels, might lead to an even deeper price consolidation. Analysts believe the present downturn is not the end of the cycle. Rather, it seems to be a healthy rest inside of a greater upward trend. The coming weeks will reveal whether Ethereum will be able to overcome resistance and go up.
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