On the 4-hour chart, the price was rejected from the resistance area between $2,697 and $2,633. Following this rejection, ETH pulled back to the imbalance zone between $2,493 and $2,459. While a minor bounce occurred from this range, the overall move remains weak and indecisive.

Losing Support Could Open The Door To $2,373

At present, the key level to watch is the $2,459 support. If this zone is breached, the likelihood of a drop toward $2,373 increases significantly. In low-volume environments, such as during weekends, sharp movements become more likely, especially if triggered by unexpected sell orders.

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On the flip side, if Ethereum can manage a close above $2,550, bulls may find the strength to target the upper resistance band again, specifically the $2,633 – $2,697 range.

Indecision Dominates The Market

So far, the bounce from the imbalance zone lacks strong momentum. Both bulls and bears appear cautious, waiting for confirmation. Over the coming sessions, where ETH closes will be crucial in determining short-term direction. During such uncertain phases, using clear stop-loss levels and level-based strategies becomes critical.

Investors should closely monitor $2,459 and $2,550 as the most decisive price levels in the immediate term.

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The post Silent Pressure on Ethereum What Lies Below The Support Zone? appeared first on Coin Engineer.

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This zone is crucial for short-term traders. If the price fails to hold above this level, a deeper correction could be on the horizon. Technical indicators suggest growing selling pressure.

$1,745 Support Level In Focus

Should Ethereum lose the $1,821 level, the next major support to watch is $1,745. This level previously acted as a strong demand zone, and buyers could step in again. However, unless the broader market shows signs of recovery, the bearish trend may persist.

Traders are advised to be cautious with short-term positions, as $1,821 remains the most critical level for now.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Rejected by Resistance: Eyes on Critical Support! appeared first on Coin Engineer.