Ethereum News Today: Ethereum's $4,150 Support Holds Key to Bullish Breakout or Bearish Slide

Ethereum's price is currently consolidating within a falling channel, with traders and analysts closely watching key support and resistance levels. The cryptocurrency, which recently experienced a bullish rally, is now under short-term bearish pressure as it tests critical price points. At the heart of the analysis is the $4,150 support level, which has repeatedly served as a floor for ETH over the past week. If this level holds, it may signal a potential reversal and set the stage for a move toward the $4,788 resistance level, a key area that aligns with Ethereum’s all-time high zone.

According to Ash Crypto’s 4H chart analysis, Ethereum is currently trading near $4,190, just above the $4,150 support zone. This level is considered a crucial buffer for short-term price action, with a successful defense expected to provide buyers with enough momentum to break out of the falling channel. A breakout above the channel would represent a significant shift in market sentiment, potentially reversing the current bearish trend into a bullish one and setting the stage for a retest of the $4,788 threshold.

Conversely, sustained selling pressure could push Ethereum below $4,150, exposing it to a deeper correction. The next key support is estimated at $3,900, a level that coincides with long-term support zones on higher timeframes. A breakdown beyond this level would likely signal a broader correction and shift market dynamics in favor of sellers. Analysts emphasize that the next few days will be critical in determining the direction of Ethereum’s price action, as buyers must defend these levels to maintain bullish momentum.

The current structure of Ethereum’s price movement is characterized by a sequence of lower highs and lower lows, a typical sign of a bearish correction. However, the potential for a bullish reversal remains, especially if buyers manage to push ETH above the falling channel’s upper boundary. Such a move would not only confirm the reversal but also open the door for Ethereum to potentially test and possibly surpass its historical price peaks.

Market observers highlight that the outcome of Ethereum’s near-term price action will largely depend on volume and participation. Strong buying pressure above key levels would be a strong indicator of renewed bullish intent, while a failure to defend critical supports would likely prolong the consolidation phase. The $4,150 level will be under close scrutiny, with traders preparing for both possible scenarios as they position for the next major price movement.

Source: [1] Ethereum Price Squeezed In Falling Channel – Bulls Eye ... (https://www.mitrade.com/insights/news/live-news/article-3-1055857-20250821)