Is ETH Ready for the Next Leg Up? Here's What the Chart Says

Ethereum is sitting at a make-or-break moment. After getting rejected hard at $4,400, ETH has retreated to the $3,800–$4,000 zone—and this is exactly where the battle will be decided.

The Setup

ETH’s recent price action tells an interesting story. It rallied toward $4,400 but ran into a brick wall. Now it’s consolidated around $3,296, and traders are watching closely to see if buyers show up in the $3,800–$4,000 range.

Here’s the thing: this $3,800–$4,000 band isn’t just any support level. It’s a genuine accumulation zone where serious buyers have parked their money before. If ETH bounces from here, it could spark another rally back toward $4,400 and potentially break through to $4,500+. That’s the bull case.

What Could Go Wrong

Now the flip side: if support cracks, ETH could cascade down to $3,600. It’s a meaningful downside risk, so risk management matters here.

The Big Picture

What’s encouraging is the broader structure. Multiple Break of Structure (BOS) signals are still in play, suggesting underlying momentum remains intact. The altcoin sector is also showing strength, which typically lifts ETH alongside it. Volume and momentum indicators suggest buyers haven’t abandoned ship—they’re just waiting.

Levels to Watch

• Resistance: $4,400 (immediate), $4,500+ (bullish breakout)
• Support: $3,800–$4,000 (critical zone), $3,600 (backstop)

Bottom Line

ETH’s next directional move hinges on whether this demand zone holds. If it does and volume picks up, another leg higher is very much in play. Keep an eye on how ETH responds in the $3,800–$4,000 range—that’s your tell.