Eth will retest the support around 3400 to 3500
2025-01-07
Category: None

Based on the 4-hour Ethereum (ETH) chart  the price appears to be consolidating near a key support zone between $3400 and $3500. This area has acted as a strong support level in the past, and with decreasing volume and potential bearish pressure, a retest of this support is likely in the short term.

Traders should monitor this zone closely for signs of a bounce or a breakdown, which could dictate the next direction. A confirmed rebound may push ETH back toward resistance at $3600–$3700, while a breach could lead to further downside toward $3200.