🔷Ethereum attempted a rebound after forming a base above $4,220, climbing past $4,300 and $4,320. However, buyers failed to hold above the $4,400 mark, with a local high at $4,383 before price retreated. ETH has since slipped below $4,320 and its moving average, signaling weakening bullish pressure.
🔷To regain strength, ETH must break above $4,360 and secure a close above $4,400. That could pave the way toward $4,440 and a test of the $4,500–$4,550 zone. Failure to clear resistance increases the risk of a drop toward $4,270 and $4,220, and if those levels give way, a deeper decline to $4,200–$4,160 is possible. With volatility still high, caution is advised.