Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout.<\/p>\n
If ETH faces a more profound rejection at current levels, lower prices could follow.<\/p>\n
By Shayan<\/a><\/p>\n Ethereum saw a strong push from buyers at the $3K support range, driving the price slightly above a substantial resistance region. This key region includes:<\/p>\n The 100-day moving average at $3.3K Despite clearing these levels, ETH encountered significant selling pressure at $3.5K, highlighting insufficient buying power. This false breakout raises concerns about a potential rejection.<\/p>\n Continuing the bullish trend will be possible if the asset successfully breaks above these key thresholds and ultimately reclaims the $3.5K juncture. Otherwise, a rejection could lead to heightened volatility and a potential price drop.<\/a><\/p>\n On the lower timeframe, ETH gained momentum after bouncing from the 0.5-0.618 Fibonacci retracement zone, successfully breaking above a descending wedge pattern. Such a breakout often signals a potential bullish continuation, shifting sentiment in favor of buyers.<\/p>\n However, upon reaching the critical $3,5K resistance, Ethereum encountered significant selling pressure, triggering a retracement toward the previously broken trendline of the wedge.<\/p>\n The upcoming price action will be crucial; if Ethereum finds support at this trendline and completes a pullback, the bullish structure could remain intact, leading to another push toward $3.5K. Conversely, if demand remains weak and buyers fail to step in, the market could face a deeper correction, potentially targeting the $3K support level again.<\/p>\n By Shayan<\/a><\/p>\n The Binance liquidation heatmap offers valuable insights into areas where substantial liquidation events are likely to occur. As liquidity tends to act as a price magnet, these levels often become focal points for market movements, with traders seeking to capitalize on liquidity sweeps.<\/p>\n Recent market consolidation has resulted in the formation of a significant cluster of liquidation levels just above the key $3.5K resistance. These levels correspond to short-position liquidation levels, making them an attractive target for bulls and institutional buyers. Given this setup, Ethereum\u2019s price could be drawn toward this liquidity pocket, increasing the probability of a breakout above $3.5K in the mid-term.<\/p>\n Despite the current lack of strong bullish momentum, the $3.5K level remains a crucial battleground. A decisive move above this resistance to trigger short liquidations could act as a catalyst for further upside, potentially propelling Ethereum toward the psychological $4K mark in the coming sessions.<\/p>\n The post Ethereum Price Analysis: ETH Risks Falling Below $3K After Recent Rejection<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout. If ETH faces a more profound rejection at current levels, lower prices could follow. Technical Analysis By Shayan The Daily Chart Ethereum saw a strong push from buyers at the $3K […]<\/p>\n","protected":false},"author":0,"featured_media":40921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40920","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\/40920"}],"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=40920"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40921"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Daily Chart<\/h3>\n
\nThe bullish flag\u2019s upper boundary at $3.4K<\/p>\nThe 4-Hour Chart<\/h3>\n
Onchain Analysis<\/h2>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nOn the lower timeframe, ETH gained momentum after bouncing from the 0.5-0.618 Fibonacci retracement zone, successfully breaking above a descending wedge pattern. Such a breakout often signals a potential bullish continuation, shifting sentiment in favor of buyers.<\/p>\nHowever, upon reaching the critical $3,5K resistance, Ethereum encountered significant selling pressure, triggering a retracement toward the previously broken trendline of the wedge.<\/p>\nThe upcoming price action will be crucial; if Ethereum finds support at this trendline and completes a pullback, the bullish structure could remain intact, leading to another push toward $3.5K. Conversely, if demand remains weak and buyers fail to step in, the market could face a deeper correction, potentially targeting the $3K support level again.<\/p>\nOnchain Analysis<\/h2>\nBy Shayan<\/a><\/p>\nThe Binance liquidation heatmap offers valuable insights into areas where substantial liquidation events are likely to occur. As liquidity tends to act as a price magnet, these levels often become focal points for market movements, with traders seeking to capitalize on liquidity sweeps.<\/p>\nRecent market consolidation has resulted in the formation of a significant cluster of liquidation levels just above the key $3.5K resistance. These levels correspond to short-position liquidation levels, making them an attractive target for bulls and institutional buyers. Given this setup, Ethereum\u2019s price could be drawn toward this liquidity pocket, increasing the probability of a breakout above $3.5K in the mid-term.<\/p>\nDespite the current lack of strong bullish momentum, the $3.5K level remains a crucial battleground. A decisive move above this resistance to trigger short liquidations could act as a catalyst for further upside, potentially propelling Ethereum toward the psychological $4K mark in the coming sessions.<\/p>\nThe post Ethereum Price Analysis: ETH Risks Falling Below $3K After Recent Rejection<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout. If ETH faces a more profound rejection at current levels, lower prices could follow. Technical Analysis By Shayan The Daily Chart Ethereum saw a strong push from buyers at the $3K […]<\/p>\n","protected":false},"author":0,"featured_media":40921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40920","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\/40920"}],"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=40920"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40921"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D.jpg\"){kind=link}