Ethereum (ETH) Downtrend Continues as Price Consolidates Between Key Levels

Ethereum (ETH) is just below diagonal resistance, which proves the down trend as traders watch possible break-and-flip levels about 4,162-4,200.

Sideways movement continues for 4–6 weeks following an impulsive bull run, reflecting market stabilization and typical corrective action.

Weekly order block between $3,511–$3,619 offers a strong demand zone, enabling structured entry points aligned with previous buying activity.

Ether (ETH) is still in a corrective stage after the recent summer boom. The recent price movement is sideways and the trend is to the downward direction. Traders are monitoring key support and resistance levels before entering positions.

Downtrend Maintains Resistance

Ethereum’s chart shows that the downtrend line remains intact. As reported by @Crypto_Scient, price is trading below diagonal resistance, limiting upward movement. Attempts to enter positions above this resistance could face obstacles.

Two approaches are being noted. A break and flip of the $4,162–$4,200 level may convert resistance into support. Should ETH reclaim this zone, potential movement toward $4,800 could occur. This scenario requires confirmation of trend reversal.

An alternative approach involves placing bids at the weekly order block between $3,511–$3,619. This area previously attracted strong buying demand. Traders positioning bids in this range may take advantage of established support zones.

Sideways Movement and Consolidation

ETH has entered a 4–6 week period of sideways action or correction. This follows an impulsive upward leg during the bull run. Consolidation in this period represents typical market adjustment after rapid price increases.

Price movement within this phase remains within defined ranges. Support and resistance levels guide potential entry points. Market activity reflects stabilization after the previous rally.

Trading volume continues to remain substantial. ETH recorded a 24-hour volume of $29,682,112,255. The price declined by 1.71% over 24 hours as of this writing and 0.59% over the past week. This activity aligns with the current sideways pattern.

Strategic Entry Zones

Traders are monitoring specific zones for potential entries. The break-and-flip strategy involves the $4,162–$4,200 level, where price could confirm trend reversal. Successful movement above this zone may lead to higher targets near $4,800.

The weekly order block between $3,511–$3,619 remains a key demand zone. Placing bids in this area aligns with previous buying activity. This provides structured entry points without assuming directional bias.

Monitoring price reaction to these levels allows traders to align with market structure. ETH’s current range-bound phase shows defined areas for potential movement.

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