Ethereum Eyes $4,226 After Facing Resistance at $4,175

Ethereum experienced notable market turbulence in the past 24 hours, with $240.9 million in futures liquidations, including $150 million in long positions and $90.9 million in shorts. This underscores ongoing volatility as ETH tries to regain momentum.

After hitting resistance at $4,175, ETH bounced off a rising trendline but is struggling to hold support around the 100-day EMA at $3,977. Successfully defending this level is crucial for maintaining bullish momentum.

On the upside, a break above $4,175 could first target $4,226, and potentially move toward $4,359 (Fib 0.618) and $4,622 (Fib 0.786). On the downside, failure to defend the trendline support may push ETH toward $3,762 (Fib 0.236) and even $3,470–$3,540, near the 200-day EMA zone.

The Relative Strength Index (RSI) sits at 45.90, slightly below its signal line at 51.06, indicating weak bullish momentum. Meanwhile, the MACD histogram remains below neutral, suggesting that buyers have yet to fully regain control.

📊 Key Levels

Resistance: $4,175 • $4,226 • $4,359 • $4,622
Support: $3,977 • $3,762 • $3,470

$ETH
#CryptoMarketRebound