Ethereum broke out of a months-long descending trendline and rallied to roughly $2.55K before sellers stepped in, pushing the price back to around $2.39K. Technical levels between $2.07K and $2.21K now stand out as the key zone to watch if the pullback continues.
Ethereum has pulled back to around $2.39K after reaching roughly $2.55K in an outsized rally, and the retreat has opened a corrective phase following the advance. The move followed a decisive breakout above a descending trendline that had capped the market for months.
Daily chart shows a major structural break
On the daily timeframe, Ethereum consolidated in the $1.83K-$1.97K zone before launching higher and clearing the $2.07K-$2.15K breaker-block area, extending into the $2.44K-$2.51K resistance region. The price briefly pushed above that zone toward $2.52K before sellers stepped in.
This rejection matters given the speed of the preceding advance. A period of consolidation or a deeper correction would be technically reasonable after such a rapid move.
Whether Ethereum can reclaim the $2.44K-$2.51K resistance zone will determine if bullish momentum returns. On the downside, the $2.07K-$2.15K breaker block is the most important support area on the daily chart, and the broader breakout structure stays bullish as long as it holds.
Four-hour chart points to a pullback zone
The shorter-term chart shows Ethereum surging from roughly $1.87K to a high near $2.55K in only a few sessions before the current pullback began. The 0.5 Fibonacci retracement sits around $2.21K, while the 0.618 level at $2.13K falls inside the $2.07K-$2.15K support zone, creating technical confluence across that region.
As a result, the $2.07K-$2.21K area could become the primary pullback zone if sellers keep control in the short term. A decisive loss of the $2.07K region would weaken the setup and expose the deeper 0.786 retracement near $2.01K.
Liquidation cluster adds to the case for a deeper retracement
A one-week liquidation heatmap shows a notable concentration of liquidation liquidity below the current market, particularly above $2.2K. That cluster could act as a short-term liquidity magnet, overlapping closely with the 4-hour 0.5 retracement near $2.21K.
A liquidity sweep toward $2.2K could be a natural part of the post-breakout correction rather than a sign the bullish move has ended. The reaction around that area would likely determine whether Ethereum can stabilize and eventually challenge the $2.44K-$2.55K resistance zone again.
Source: CryptoPotato
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