**Ethereum Price Faces Pressure After Rejection from $4,200 Resistance**
Ethereum’s (ETH) price is showing signs of weakness following a harsh rejection from the $4,200 resistance zone—a key technical level that previously acted as a pivot for bullish continuation. The inability to reclaim this region has shifted short-term sentiment to bearish, with price now trending lower toward crucial support levels. This loss of structure suggests that Ethereum could be entering a deeper corrective phase before any meaningful recovery attempt.
### Key Technical Points for Ethereum Price
– **Major Resistance:** $4,200 remains the pivotal resistance level, recently rejected on high volume.
– **Support Zone in Focus:** The next high-timeframe support sits at $3,437.
– **Market Structure Shift:** A breakdown below the value area low indicates weakening momentum.
From a technical perspective, Ethereum’s price action clearly shows signs of structural deterioration. The rejection at $4,200 triggered a shift in momentum, with the price now moving below the value area low—an important indicator that sellers have regained control of the short-term trend.
This decline has exposed resting liquidity beneath recent swing lows, where a large cluster of stop orders may act as a magnet for price. Once this liquidity is taken out, the probability of an accelerated move toward the $3,437 high-timeframe support level increases significantly.
The $3,437 region is historically important as a demand zone, previously serving as a base for multiple bullish rotations. If Ethereum finds support here, a trading range between $3,437 and $4,200 could form, laying the groundwork for a longer-term accumulation phase.
Ethereum’s recent failure to sustain levels above $4,200 confirms a local breakdown in bullish momentum. Until the market reclaims this level on a closing basis, the path of least resistance remains downward. The emergence of lower highs and lower lows on the mid-timeframe charts further supports this bearish bias.
However, holding the $3,437 support could stabilize price action, potentially turning this corrective leg into a consolidation phase before a renewed attempt at recovery.
### What to Expect in the Coming Price Action
Traders should closely monitor Ethereum’s behavior as it approaches the $3,437 support zone. A strong bounce accompanied by rising volume could mark the beginning of an accumulation range. Conversely, failure to defend this level may trigger another wave of selling pressure.
In the short term, the key trading boundaries for Ethereum remain the $4,200 resistance and $3,437 support levels. Until a decisive breakout or breakdown occurs, ETH is likely to remain range-bound, with risks slightly skewed to the downside.
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Stay tuned for further updates as the situation develops and market conditions evolve.
https://crypto.news/ethereum-price-under-pressure-failure-to-reclaim-4200-raises-bearish-risk/