Ethereum\u2019s recent rally has stalled at the $3.2K resistance zone, where heavy selling pressure triggered a clear rejection.<\/p>\n
The asset is now trading within a narrow consolidation range, and the next decisive breakout is likely to dictate the following major move.<\/p>\n
Ethereum Technical Analysis<\/h2>\n
By Shayan<\/p>\n
The Daily Chart<\/h3>\n
Ethereum\u2019s rebound from the $2.6K support zone extended into a key supply area, where a daily FVG converges with a long-standing downward trendline near $3.2K.<\/p>\n
This confluence attracted significant selling interest, halting the advance and producing a sharp rejection. The pullback has also resulted in the formation of a daily lower low, keeping the broader structure tilted bearish.<\/p>\n
With this shift, the possibility of a deeper retracement has increased, making the $2.6K support zone the primary downside target.<\/p>\n
For now, Ethereum remains range-bound, and a breakout from this tight structure will likely determine the next dominant trend.<\/p>\n
<\/a><\/p>\n On the 4-hour chart, Ethereum initially broke above the short-term descending trendline and pushed higher.<\/p>\n However, strong supply at the $3.2K region prompted a reversal, sending the price back toward a critical support area composed of a bullish order block overlapping a prior breaker block.<\/p>\n This layered confluence increases the likelihood of a reaction in this zone, making it a decisive level in the short term.<\/p>\n As a result, the market continues to fluctuate within the broader $3K\u2013$3.6K range, suggesting that more consolidation is likely before a clear direction emerges.<\/p>\n By Shayan<\/p>\n The weekly liquidation heatmap shows that the recent rejection was accompanied by a sweep of the liquidity pool, which sits just below the $3032 market low, capturing buy-side liquidity.<\/p>\n Such liquidity grabs often precede a fresh upward leg as the market seeks higher pockets of liquidity.<\/p>\n At present, the next major cluster rests around the $3.3K region, acting as a natural price magnet following the recent sweep. From a supply-demand standpoint, this positions Ethereum for a short-term upward move toward that zone before any broader correction resumes.<\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\n<\/div>\nThe 4-Hour Chart<\/h3>\n
![\"\"](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/12\/eth-d-2-scaled.jpg\")
Sentiment Analysis<\/h2>\n
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