Ethereum News Today: Ethereum Faces Critical $4,100 Threshold as Bulls and Bears Battle
Ethereum (ETH) has bounced back near the $4,100 support area, leading to discussions among market experts about whether the digital asset is set for a short-term surge or will continue to consolidate. On the 4-hour chart, the price has created a double-bottom formation, with both troughs found around $3,713 and a neckline at $4,100 serving as a significant resistance point,
Recent price movement reveals a struggle between bullish and bearish forces. On the 2-hour chart,
Despite short-term swings, long-term sentiment remains positive. Analyst Ali Martinez has outlined a multi-year projection for ETH, suggesting it could reach $10,000 by 2027–2028, though he cautions that significant resistance levels must be surpassed first, according to
The next few days will be crucial for Ethereum. A decisive move above $4,000—which saw a 188% spike in trading volume during a failed rally earlier this week—could spark renewed momentum toward $4,100 and higher, the Yahoo article stated. On the other hand, losing the $3,930 support could push prices down to the $3,870–$3,880 range, according to CoinDesk Research. The neckline of the double-bottom at $4,100 remains a key level: maintaining this support could confirm a bullish reversal, while a drop below it would strengthen the bearish outlook toward $3,700, as Crypto.News reported.
Broader economic factors may also influence Ethereum's direction. With upcoming decisions from the Federal Reserve, any reduction in macroeconomic pressures could spark a relief rally, potentially allowing ETH to revisit $4,500, Benzinga observed. However, unless on-chain conviction grows or technical signals become clearer, Ethereum's path remains uncertain. Traders are expected to monitor liquidity zones between $4,100–$4,200, where a short squeeze could drive prices higher—or, if $3,900 fails, the asset could face steeper declines.
