Ethereum Price Analysis: 2 Short-Term Levels for ETH Bulls to Watch This Week

Ethereum continues to consolidate between institutional zones, with clear boundaries defined by $3.4K support and $4.6K ￰0￱ current symmetrical triangle formation signals a period of compression, with breakout potential in either ￰1￱ Analysis By Shayan The Daily Chart On the daily timeframe, ETH remains trapped in a mid-range structure between the $3.4K institutional demand zone and the $4.6K supply ￰2￱ rejection from $4.2K coincided with a retest of the broken ascending trendline and the 100-day moving average, both now acting as resistance ￰3￱ has slowed, and ETH is currently ranging near the midline of its broader range and below the 100-day ￰4￱ 200-day MA around $3.1K continues to serve as the final dynamic support, while the $3.4K demand zone, a level that absorbed liquidity during the Trump tariff crash, has repeatedly attracted buying ￰5￱ ETH to regain bullish momentum, the price must close decisively above $4.2K, reclaiming the mid-range and setting up a move toward $4.6K.

Until that happens, the broader structure remains neutral to slightly bullish, supported by the long-term ascending trend and institutional accumulation zones below.