Ethereum recently faced a minor rejection at the critical $4K resistance zone, underscoring the presence of sellers at this level.<\/p>\n
A pullback toward the $3.5K support area may follow, providing an opportunity for buyers to re-enter the market with the goal of reclaiming the $4K threshold.<\/p>\n
By Shayan<\/a><\/p>\n Ethereum recently faced another rejection at the pivotal $4K resistance level, highlighting the strong presence of sellers in this zone. This has created a challenging environment for buyers attempting to sustain the uptrend toward a new all-time high.<\/p>\n The price action suggests the formation of a double-top bearish reversal pattern, signaling the potential for a retracement toward the $3.5K support zone. Ethereum remains range-bound between $3.5K and $4K, with a breakout likely after the consolidation phase. A bullish breakout above $4K would pave the way for further upward momentum.<\/a><\/p>\n On the 4-hour timeframe, ETH showed renewed strength after buyers stepped in near the ascending channel\u2019s lower boundary. This buying activity sparked a fresh rally, driving the price toward the channel\u2019s middle boundary, aligning with the critical $4K resistance level.<\/p>\n However, the asset encountered a rejection at this zone, leading to a decline. Ethereum is now oscillating between the lower boundary of $3.7K and the $4K resistance. In the mid-term, further bearish retracement toward the lower boundary, followed by a renewed attempt to reclaim the $4K resistance, appears likely. A successful breakout above $4K could signal the continuation of Ethereum\u2019s bullish trend.<\/a><\/p>\n By Shayan<\/a><\/p>\n This chart illustrates Ethereum\u2019s Binance liquidation heatmap, highlighting potential price levels where significant liquidation events could occur. The clustering of liquidation levels within a specific range suggests that the price will likely move toward that zone. These levels serve as valuable indicators for predicting price direction and identifying areas of potential convergence.<\/p>\n As shown, there is a notable concentration of liquidity just above the critical $4K resistance, representing the liquidation levels for short positions. This makes the $4K region an attractive target for whales and large institutional players, increasing the likelihood of a bullish breakout in the mid-term.<\/a><\/p>\n The post Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum recently faced a minor rejection at the critical $4K resistance zone, underscoring the presence of sellers at this level. A pullback toward the $3.5K support area may follow, providing an opportunity for buyers to re-enter the market with the goal of reclaiming the $4K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently […]<\/p>\n","protected":false},"author":0,"featured_media":29396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29395"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29396"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Daily Chart<\/h3>\n
The 4-Hour Chart<\/h3>\n
Onchain Analysis<\/h2>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nOn the 4-hour timeframe, ETH showed renewed strength after buyers stepped in near the ascending channel\u2019s lower boundary. This buying activity sparked a fresh rally, driving the price toward the channel\u2019s middle boundary, aligning with the critical $4K resistance level.<\/p>\nHowever, the asset encountered a rejection at this zone, leading to a decline. Ethereum is now oscillating between the lower boundary of $3.7K and the $4K resistance. In the mid-term, further bearish retracement toward the lower boundary, followed by a renewed attempt to reclaim the $4K resistance, appears likely. A successful breakout above $4K could signal the continuation of Ethereum\u2019s bullish trend.<\/a><\/p>\nOnchain Analysis<\/h2>\nBy Shayan<\/a><\/p>\nThis chart illustrates Ethereum\u2019s Binance liquidation heatmap, highlighting potential price levels where significant liquidation events could occur. The clustering of liquidation levels within a specific range suggests that the price will likely move toward that zone. These levels serve as valuable indicators for predicting price direction and identifying areas of potential convergence.<\/p>\nAs shown, there is a notable concentration of liquidity just above the critical $4K resistance, representing the liquidation levels for short positions. This makes the $4K region an attractive target for whales and large institutional players, increasing the likelihood of a bullish breakout in the mid-term.<\/a><\/p>\nThe post Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum recently faced a minor rejection at the critical $4K resistance zone, underscoring the presence of sellers at this level. A pullback toward the $3.5K support area may follow, providing an opportunity for buyers to re-enter the market with the goal of reclaiming the $4K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently […]<\/p>\n","protected":false},"author":0,"featured_media":29396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29395"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29396"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/ETH-D-3-scaled.jpg\"){kind=link}
![<\/a><\/p>\nOnchain Analysis<\/h2>\nBy Shayan<\/a><\/p>\nThis chart illustrates Ethereum\u2019s Binance liquidation heatmap, highlighting potential price levels where significant liquidation events could occur. The clustering of liquidation levels within a specific range suggests that the price will likely move toward that zone. These levels serve as valuable indicators for predicting price direction and identifying areas of potential convergence.<\/p>\nAs shown, there is a notable concentration of liquidity just above the critical $4K resistance, representing the liquidation levels for short positions. This makes the $4K region an attractive target for whales and large institutional players, increasing the likelihood of a bullish breakout in the mid-term.<\/a><\/p>\nThe post Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum recently faced a minor rejection at the critical $4K resistance zone, underscoring the presence of sellers at this level. A pullback toward the $3.5K support area may follow, providing an opportunity for buyers to re-enter the market with the goal of reclaiming the $4K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently […]<\/p>\n","protected":false},"author":0,"featured_media":29396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29395"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29396"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/ETH-4H-4-scaled.jpg\"){kind=link}
![<\/a><\/p>\nThe post Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum recently faced a minor rejection at the critical $4K resistance zone, underscoring the presence of sellers at this level. A pullback toward the $3.5K support area may follow, providing an opportunity for buyers to re-enter the market with the goal of reclaiming the $4K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently […]<\/p>\n","protected":false},"author":0,"featured_media":29396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29395"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29396"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/Binance_ETH_USDT_Liquidation_Heatmap2_week_2024_12_18_11_23_17-scaled.jpg\"){kind=link}