Ethereum is currently hovering around the $3,600 level and showing signs of weakness on the lower timeframes. Yesterday’s correction across the altcoin market pulled most major tokens lower, and Ethereum was no exception. Short-term charts reflect this decline, but the bigger picture tells a different story. When zoomed out, Ethereum still holds a bullish structure, and market sentiment remains largely positive. Investors continue to position themselves for a potential breakout toward a new all-time high. Let’s look at the charts and see what the coming days might bring.

Start trading on Bybit today and get 10% off fees PLUS up to $30,000 in bonuses! Sign up today and start saving while you earn. This exclusive offer won't last - claim yours now!

Analyzing the Charts

On the 4-hour chart, Ethereum has printed several consecutive red candles, reflecting clear selling pressure in the short term. The price dropped roughly 6% during this move before finding some relief and bouncing back slightly. This bounce, however, hasn’t yet flipped the short-term trend, which still leans bearish for now.

Zooming into the 1-hour chart, Ethereum is facing short-term resistance around the $3,850 level. The price rejected this area during the recent attempt to move higher, leading to a pullback. If bulls push the price back up, this zone will likely act as a barrier again. On the downside, the $3,500 level stands out as key support. It previously acted as resistance but has now flipped into a support zone, making it an important level to watch in the short term.

If buyers manage to defend the $3,500 support and step in with strong volume, Ethereum could be setting up for a reversal. In that case, the next area to watch would be the $4,100 resistance, which stands in the way of a potential move toward new all-time highs. This aligns with the broader Ethereum price prediction that anticipates a continuation of the uptrend if key levels hold. However, if the price fails to hold $3,500, further downside remains on the table. The next major support sits near the $3,100 zone, which could act as a cushion in the event of a deeper pullback.

Switching to the daily timeframe gives a clearer view of the broader trend. Ethereum is still holding above a major resistance level ($3,500) it recently broke, and the current pullback looks more like a retest than a reversal. As long as this structure holds, the price could be setting up for another leg higher toward a new all-time high.

Final Takeaway: What is Next for Ethereum (ETH)

Ethereum is trading near the $3,600 level and has pulled back slightly after facing resistance. The short-term trend remains under pressure, but the broader structure still looks bullish. If the $3,500 support holds, we could see another push toward the $4,100 resistance. The momentum isn’t lost yet, and as long as buyers step in, Ethereum may continue its move toward new highs.