🟣 ETH at a Technical Crossroad – Can Bulls Defend $4,300 or Will Momentum Shift Lower?

Ethereum ($ETH ) has come under moderate pressure, pulling back from its recent high near $4,558 to test key support around $4,300.

Despite the short-term correction, the broader uptrend remains intact — but momentum is clearly challenging the bulls’ strength.

đŸ’č 24h Volume: 523K ETH traded

📊 Market Mood: Mixed — sellers still dominate intraday action, but candles show early signs of stabilization between $4,290–$4,320.

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đŸ”ș Key Resistance Zones

$4,350 → Intraday resistance. A breakout above this could revive bullish momentum.

$4,400 → Psychological barrier and recent rejection point. Clearing it may fuel a push toward $4,480–$4,500.

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đŸ”» Key Support Zones

$4,290 → Immediate support. Sustained buying here is crucial to keep the trend intact.

$4,250 → Next defense line. A failure below could invite more selling toward $4,180.

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⚙ Trade Setup

🟱 Bullish Scenario:

If ETH closes above $4,350 on strong volume, buyers may regain control.

🎯 Targets:

TP1 → $4,400

TP2 → $4,480

đŸ›Ąïž Stop-Loss: Below $4,290

🔮 Bearish Scenario:

A clean break below $4,290 could open the path for a deeper retracement.

🎯 Targets:

TP1 → $4,250

TP2 → $4,180

đŸ›Ąïž Stop-Loss: Above $4,350

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🧭 Final Note

Ethereum is standing at a critical decision zone.

📈 Holding above $4,300 could form the base for a rebound.

📉 Losing that level might confirm a short-term momentum shift to the downside.

🔍 Watch volume closely — it will reveal whether this is a temporary pause or the start of a deeper pullback.

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