Yigit Taha OZTURK 
Ethereum has lost its minor uptrend on the 4-hour chart, experiencing a significant drop. Currently, it is attempting to hold at the $1,870 support level. However, the market’s overall direction, especially Bitcoin‘s movement, will play a crucial role in determining Ethereum’s next move. The key level to watch is the $1,920 – $1,960 zone. If Ethereum reclaims this area, a bullish reversal could push the price toward the $2,108 resistance level.
On the other hand, if Ethereum fails to hold $1,870, the downtrend could deepen. In this scenario, the next critical support lies at $1,745. A break below this level could trigger further declines, especially if broader market conditions remain bearish. Ethereum’s price action will depend on macroeconomic factors and overall sentiment in the crypto market.
Ethereum’s Key Technical Levels
The most important short-term resistance zone for Ethereum is between $1,920 – $1,960. If the price fails to break above this range, selling pressure could persist. However, a strong breakout with high trading volume could send Ethereum toward the $2,108 resistance level. This would require improved market sentiment and increased buying activity.
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On the downside, $1,870 remains a crucial support level. If it fails, Ethereum could drop toward $1,745. Investors should closely monitor Bitcoin’s price action, as a deeper decline in BTC could accelerate Ethereum’s losses. Liquidity levels and overall market trends will be key indicators for the next move.
Ethereum Searching for Direction: What Should Investors Watch?
Bitcoin’s movements remain a major driver of Ethereum’s short-term price action. If BTC starts recovering, Ethereum could follow. However, macroeconomic uncertainty and global financial conditions may create additional volatility in the crypto market.
Additionally, large investors’ buy or sell orders could significantly influence price direction. If Ethereum fails to hold its key support levels, further selling pressure could emerge. However, if the market sentiment shifts positively, Ethereum could enter a new uptrend and retest higher resistance levels.
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