In the shared charts, $ETH Ethereum's recent price movements appear to have displayed a striking upward trend, but momentum is beginning to slow as it approaches critical resistance zones. Although it appears that the price continues an upward trend, especially in the 4-hour (4h) time frame, the data on the daily chart paints a more cautious picture.
In the 4-hour ETH chart, it is observed that the price has been climbing almost steadily upwards since the $3,500 band. It is noteworthy that during this climb, the price has both maintained intermediate support points and has overcome sequential resistances one by one, reaching the level of approximately $4,000. During this rise, the $3,490 - $3,530 range has been determined as a strong support area. This support line is an important defense line where buyers can step in and push the price back up if the price experiences a downward pullback.
However, when looking at the broader (daily) chart, Ethereum is facing significant resistance just above $4,000. In particular, the resistance zone between $4,067 and $4,108 stands out as a barrier that the price must overcome in order to advance higher. The “negative” scenario emphasis on the daily chart indicates that the price, which cannot overcome this resistance area, may enter a period of pullback or sideways movement for a while.
A noteworthy point here is that different time frames give conflicting signals. While the trend is stated as “positive” in the short-term (4h) chart, there is a “negative scenario” emphasis in the daily chart. This situation suggests that Ethereum is exactly in a decision phase. While short-term investors can follow intermediate support and resistance in order to benefit from instant fluctuations, participants who take longer-term positions may not expect a sustainable rise until the strong resistance threshold in the daily chart is exceeded.
There are two possible scenarios: If ETH manages to break through the resistance zone above $4,000 and hold on there, it is possible that the price will make higher peaks when the $4,100 threshold, which is an important level in psychological and technical terms, is exceeded. In this case, more aggressive targets may come to the agenda in the medium term. However, failure to break the resistance zone may push the price back towards the support zones. In this sense, the $3,490 - $3,530 band will play a critical role; because a permanent price movement below this level can be interpreted as a clear signal that the trend is weakening.
In summary, Ethereum is currently in a pause due to both bullish desire and strong resistance. The price action, which is stuck in the $4,000 - $4,100 band, may result in an upward breakout or a downward correction. Despite the short-term positive signs, it seems useful to be cautious due to the resistance on the daily chart. Whether the support levels can be maintained and whether the resistance zone can be broken will determine Ethereum's next significant move.
