Ethereum Price Rebounds 3%: Can ETH Hold Above $4,100 After the Pullback?

Ethereum climbed 3% on Wednesday to trade near $4,098, staging a rebound after two days of heavy selling. The token had slumped from highs above $4,700 earlier this week, forcing leveraged longs out of the trade and cooling July’s furious rally. Pre-market flows show buyers defending the $4,100 pivot, a level that will decide whether ETH is stabilizing or setting up for another leg lower.

What Is Driving Ethereum’s Price Right Now?

The move reflects a market that simply overheated. Institutional flows into ETH-linked ETFs had fueled relentless buying pressure, but momentum broke once $4,700 came into view. The reset was fast and sharp, wiping out weak hands but leaving the broader bullish thesis intact. Bitcoin holding steady around $112,850 has helped calm nerves, giving Ethereum enough room to consolidate without falling into freefall.

For traders, the story is less about headlines and more about positioning. The network narrative, scaling upgrades and adoption, hasn’t changed. What changed was the pace of the rally. Ethereum needed to breathe, and $4,000 has become the line in the sand.

Ethereum Price Technical Analysis

• Current price: $4,098
• Pivot level: $4,100
• Immediate resistance: $4,225, then $4,450
• Support: $4,000, then $3,748; deeper cushion at $3,540

ETH is sitting on its $4,100 pivot after Tuesday’s flush. A close above $4,225 would bring $4,450 back into play, resetting momentum. Lose $4,000, though, and the market is likely to probe $3,748, with $3,540 the next major shelf. Momentum signals confirm the pause: the MACD has rolled over, suggesting bulls are catching their breath rather than charging ahead.

Ethereum Price Outlook: Bullish or Bearish From Here?

The setup splits into two paths. On the bullish side, ETH needs to defend $4,000 and reclaim $4,225 quickly. That would confirm the selloff was a reset, not a reversal, and give bulls fresh conviction toward $4,450. On the bearish side, a decisive break below $4,000 would drag Ethereum into deeper consolidation, with $3,748 and $3,540 the levels to watch. Right now, the token looks trapped in a patience trade, less about chasing upside, more about waiting for the chart to show its hand.

The post Ethereum Price Rebounds 3%: Can ETH Hold Above $4,100 After the Pullback? appeared first in UK on InvestingCube.

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