Ethereum’s Next Move May Depend on Resistance at $3,900 as Buyers Test Market Dynamics

• ETH faces heavy resistance near $3,900, with significant liquidity sell walls ahead.

• A drop below $3,147 could trigger a deeper slide toward the $2,900 demand zone.

• Long-term breakout above $4,000 may open the path to the projected $8,000 target.

Ethereum hovers near $3,650 after failed breakouts. Key resistance at $3,900 could decide the next major move as buyers test sell-side pressure.

What is the Current Price of Ethereum?

The current price of Ethereum is approximately $3,639. It has faced multiple rejections below $3,800, indicating a struggle between buyers and sellers.

Why is Ethereum Struggling to Break $3,800?

Ethereum’s price structure has turned fragile after a breakdown from a rising wedge, signaling potential bearish pressure. A clean retest of the trendline followed the breakdown, and until ETH reclaims $3,800, the short-term trajectory remains tilted to the downside.

Frequently Asked Questions

What is the significance of the $4,000 resistance level?

The $4,000 resistance level is crucial for Ethereum. A breakout above this level could lead to a bullish trend, targeting prices as high as $8,000.

How does liquidity affect Ethereum’s price?

Liquidity clusters can trigger volatile moves. The sell-side liquidity between $3,900 and $4,000 is a significant hurdle for bullish continuation.

Key Takeaways

• Resistance at $3,900: Ethereum struggles to break this level, indicating potential bearish pressure.
• Support at $3,147: A drop below this level could signal further declines.
• Long-term outlook: A breakout above $4,000 may lead to a target of $8,000.

Conclusion

Ethereum’s price remains under pressure, with key resistance at $3,900 and support at $3,147. The next move will be critical in determining its short to mid-term trajectory. A breakout above $4,000 could signal a bullish reversal.

Ethereum hovers near $3,650 after failed breakouts. Key resistance at $3,900 could decide the next major move as buyers test sell-side pressure.

• ETH faces heavy resistance near $3,900, with significant liquidity sell walls ahead.

• A drop below $3,147 could trigger a deeper slide toward the $2,900 demand zone.

• Long-term breakout above $4,000 may open the path to the projected $8,000 target.

Ethereum is trading near $3,639 after repeated rejections below $3,800. Who leads next—bulls or bears? Support is at $3,147 and resistance at $3,900; the next move could determine where ETH heads in the short to mid-term.

Breakdown Confirms Weakness Below $3,800

Ethereum is currently trading at around $3,639, up 1.54% today, according to Binance’s 4-hour chart. The price structure has turned fragile after a breakdown from a rising wedge, signaling potential bearish pressure. As CryptoPatel noted on X, a clean retest of the trendline followed the breakdown. Until ETH reclaims $3,800, the short-term trajectory remains tilted to the downside.

The zone between $3,750 and $3,800 has held firm, with multiple failed attempts to break through. Classic bearish divergence, marked by a rising price but weakening momentum, supports this view. The key supports to watch are $3,147 and $2,913. A drop below the former, backed by volume, could invite sharper declines.

Bulls Eye Breakout Above $4,000

Despite recent weakness, signs of a possible bullish reversal are emerging. As pointed out by rovercrc, both ETH/USDT and ETH/USD charts show Ethereum defending the $3,400–$3,500 zone — a former breakout area now acting as support. The formation of a double bottom, a typical reversal pattern, hints at potential upside if follow-through buying appears.

Source: Crypto Rover

ETH is also nearing a descending resistance trendline near $4,000. A close above this level, supported by rising volume, could flip sentiments. The next bullish targets could be $4,300 to $4,500, mirroring the rally seen in early July after a similar structure.

Liquidity Cluster Could Trigger Volatile Move

A liquidity heatmap from TedPillows via Coinglass shows intense sell-side liquidity stacked between $3,900 and $4,000. This cluster is the main hurdle for any bullish continuation. Until broken, ETH may stay trapped in sideways action or face pullbacks.
However, CryptoGoos adds a longer-term bullish lens. The monthly ETH/USDT chart reveals a macro cup-and-handle structure, forming a base for a potential rally toward $8,000 by 2028. This move depends on a clean break above $4,000 — a level critical for both short-term momentum and long-term trend reversal.