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ETH Ethereum's rebound is blocked in key supply areas, as bulls struggle to maintain a bullish structure
Ethereum's rebound has stalled below the key supply area, and the asset is currently trading just above $2,700. Although buyers are trying to maintain the recent bullish structure, the broader market recovery landscape remains intact. However, the weakening of short-term momentum has put the market at risk of a deep correction, before new breakthrough attempts can be launched.
Daily chart technical analysis
Within the daily time frame, Ethereum entered a consolidation phase after rising strongly from the support range of US$1,850-US$1,920. The previous rebound briefly touched around $2,800, but encountered selling pressure in the resistance zone of $2,680-$2,770 and failed to achieve a sustained breakthrough. Recently, the K-line has concentrated on the lower edge of the area, indicating that buyers have not yet fully absorbed the supply pressure above.
Despite this, the overall structure is still constructive. Ethereum continues to operate above the uptrend line, with both major moving averages showing positive signals, with the yellow moving average crossing the orange moving average at around $2,100. This bullish crossover provides support for recovery prospects, which is still above neutral levels, although the Relative Strength Index (RSI) has retreated to near 60, indicating that momentum has cooled.
If we can effectively break through the resistance boundary of $2,770 and the recent high of $2,800, it will open the way to the resistance zone of $2,900 - 3,000. Conversely, if rejections continue to be encountered, the market focus will shift to the demand area of US$2,350 - 2,510, when the uptrend line will provide additional technical resonance support.
Four-hour chart Technical Analysis
The four-hour chart highlights Ethereum's repeated setbacks in the US$2,680 - 2,770 supply area, while an upward supporting trend line helps maintain gradually rising lows. After another attempt to effectively break through resistance, Ethereum is currently testing the trend line around $2,650 - 2,660.
Holding this support level will give buyers the opportunity to challenge the $2,720 - 2,770 resistance zone again. However, to achieve a sustained bullish continuation, we must effectively break through the supply area and recent highs near $2,800.
A decisive break below the uptrend line will weaken the immediate bullish structure and expose a support area of $2,600, followed by a previous swing low of about $2,560. If selling pressure intensifies further, the marked demand area of $2,440 - 2,480 will become a key position for buyers to defend.
Market Sentiment Analysis
The Binance ETH/USDT clearing heat chart shows that there is a huge estimated clearing concentration on both sides of the current price. The most significant lower clearing band is near $2,620, with another part concentrated in the $2,550 - 2,600 range. Above the price, a strong cluster is visible around $2,750 - 2,780, while there is also a wider concentration towards $2,800.
This positioning puts Ethereum between two important clearing pools. Losing four-hour support for rising may expose a $2,620 clearing cluster, causing long liquidations to amplify the decline. On the contrary, if the nearby resistance area can be recovered, it will activate liquidity above US$2,750 - 2,800 and may accelerate the upward trend through short liquidation.
The heat map does not specify which side will be touched first. However, its consistency with key technical levels suggests that once the current consolidation pattern is broken, more violent fluctuations may be triggered as leveraged positions are closed.
