Ethereum Price Analysis: ETH at Risk of Further Pullback If This Key Support Cracks

Ethereum has been consolidating after a sharp rejection near the $4,500 resistance zone. Price action remains choppy and indecisive, with the bulls trying to hold the key support levels while the broader market sentiment leans defensive. Macro support zones remain intact for now, but the recent drop in bullish momentum is clearly visible in both price structure and RSI behaviour.

Technical Analysis

By Shayan