Ethereum Price Analysis: Will ETH Bulls Defend $4K or is Another Crash Coming?

Ethereum starts the week trading around $4,000 after facing rejection near the top of its descending ￰0￱ recent relief from buyers, the broader structure remains ￰1￱ Analysis By Shayan The Daily Chart On the daily timeframe, ETH is hovering just below the 100-day moving average, which is acting as short-term ￰2￱ RSI sits near the midline at 47, indicating a lack of directional bias for now. A break and close above $4,200 would open the door for a retest of the $4,600 supply zone, but failure to break above the upper trendline could signal further ￰3￱ the downside, the $3,500 region remains the critical support to hold. A close below it could extend the retracement toward $3,000 and below the key 200-day moving average, which could be disastrous for ETH.