- Ethereum holds strong above $4,337 support, with analysts noting a possible dip toward $4,100 before continuation toward higher breakout targets.
- Liquidation clusters show $200M long liquidations between $4,300–$4,350 and $300M short liquidations near $4,700, guiding near-term price movements.
- Ethereum price is at $4,426.49, ranging between $4,400 – $4,600 suggesting that the next breakout will be over $4,800 – $5,000 for another high.
Ethereum (ETH) is still bullish despite the recent red candles as analysts have suggested that it continue to move may see a dip into the $4,100 range before hitting the next breakout.
Short-Term Pullback Strengthens Ethereum’s Market Structure
Crypto analyst Cas Abbé explained that Ethereum’s uptrend remains intact even with the latest cooling phase. He noted that short-term red candles were necessary to flush out greedy long positions and allow the market to reset.
Abbé emphasized that ETH is consolidating around $4,460 while respecting its ascending trendline. He added that both the Kijun-sen and Tenkan-sen from the Ichimoku system are providing dynamic support levels.
The analyst further identified $4,337 as immediate support, with deeper levels at $4,072–$4,200. He suggested that a dip into this zone would not damage the bullish outlook but instead prepare Ethereum for its next expansion phase.
Liquidation Heatmap Highlights Critical Price Levels
Market strategist ZYN shared an ETH liquidation heatmap update, noting clusters that could dictate near-term volatility. He pointed out two significant levels that traders should track closely in the coming sessions.
The first zone lies between $4,300 and $4,350, where more than $200 million in long liquidations are positioned. According to ZYN, Ethereum could sweep this downside liquidity before resuming its upward trajectory.
A larger cluster exists near $4,700, holding over $300 million in short liquidations. ZYN suggested that after sweeping the downside, ETH may reverse higher to target this level, creating the setup for a new all-time high.
Road to Ethereum’s Next Breakout
Ethereum is trading at $4,426.49 as of writing, reflecting a 0.37% daily increase and 3.85% gains over the past week. The price has ranged between $4,400 and $4,600 following the release of recent U.S. PPI data.
Analysts agree that short-term sideways price action may continue, giving the market time to reset before the next expansion. This would give Ethereum a stability it would need to reboost its uptrend.
At the time when the momentum returns, it is forecasted that there are high chances that Ethereum will move further beyond the $4,800-5000 level.This would be the confirmation of a new all-time high, and could also act as a catalyst for liquidity rotating into altcoins, and facilitating broad-based strength in the crypto markets.
