$ETH is currently trading at $3426.99, showing a 1.55% recovery after experiencing a significant drop. The price has faced strong rejection near the $4063.09 resistance level, leading to a pullback toward the current support area. This sharp decline indicates increased selling pressure, but the recent bounce suggests buyers are defending the support zone around $3200-$3400.
If $ETH manages to hold above the current levels, it could attempt a recovery toward the resistance at $4063. However, a failure to sustain the support might result in further downside momentum, testing lower levels. The overall trend reflects heightened volatility, making it a critical phase for price action.
