Ethereum Price Analysis: ETH Rejected at $3.2K — Another Crash Ahead?
Ethereum’s rally has stalled at the $3.2K resistance, where a strong supply zone and long-term trendline forced a sharp rejection. The price is now consolidating, and the next breakout from this tight range could define ETH’s next major move.
🔵 Daily Chart Overview
ETH bounced from $2.6K but ran into heavy resistance near $3.2K (FVG + trendline confluence).
Sellers stepped in aggressively, forming a lower low on the daily — tilting structure bearish.
A deeper pullback is possible, with $2.6K acting as the key downside target.
ETH remains range-bound, awaiting a decisive breakout.
🟣 4H Chart Insights
ETH briefly broke a descending trendline but failed to sustain momentum.
Rejection at $3.2K sent price back to a strong support zone (order block + breaker block).
This area is critical for short-term reactions.
Broader range remains $3K–$3.6K, suggesting more consolidation.
📊 Sentiment & Liquidity
The recent dump swept liquidity below $3032 — a common pattern before a bounce.
Next major liquidity cluster sits near $3.3K, making it a natural short-term magnet.
ETH could see a rebound toward $3.3K before any larger correction continues.
Conclusion
ETH is at a decision point:
Hold support → bounce toward $3.3K
Break support → revisit $2.6K
Market still favors consolidation before a major trend forms.
