Ethereum Price Action Signals Short-Term Stabilisation with Key Levels

Ethereum’s recent price action reflects a market transitioning from impulsive selling into a potential short-term stabilisation phase.
After a sharp decline toward the $1,750 demand zone, ETH has reacted with a moderate rebound, yet is expected to continue fluctuating in the short term.
On the daily chart, ETH continues to trade inside its descending channel, with lower highs and lower lows still intact.
The recent impulsive drop pushed the price sharply into the $1.8K demand area, where buyers reacted and triggered a rebound toward the $2.1K region.

However, the asset remains below the 0.5 Fibonacci level at $2.4K and well under the 0.618 level at $2.5K, confirming that the current move is corrective rather than a confirmed trend reversal.
The $2.7K range, aligned with the 0.702–0.786 retracement levels, stands as a major supply zone and would be the key resistance area if a stronger recovery unfolds.
As long as ETH remains below $2.5K, the broader structure favours sellers, while the $1.7K level remains the critical support to hold.

On the 4-hour chart, the price action has formed a short-term contracting structure after the sharp bounce from $1.7K.
The market is currently fluctuating between the ascending short-term support trendline and the descending local resistance trendline, compressing near the $2.1K area.
A successful break above $2.1K could open the path toward $2.5K, which is the next key resistance.
Conversely, losing the $2K intraday support would likely expose the $1.8K zone again.

For now, ETH appears to be in a short-term consolidation phase between $1.8K and $2.1K following the recent volatility spike.
The Ethereum Spot Average Order Size chart shows a notable increase in green dots during the recent decline toward the $1.8K region.
These green clusters indicate large whale-sized spot orders entering the market as prices traded at low levels.
This behaviour suggests potential accumulation by bigger players during the panic-driven sell-off.

If accumulation continues and price stabilises above $2K, the probability of a broader recovery toward higher resistance levels will gradually increase.
The concentration of whale activity near $1.8K strengthens this zone as a structurally important demand area.

Ethereum’s price action suggests a shift from impulsive selling to a potential short-term stabilisation phase.
After a sharp move into the $1.75K demand zone, ETH rebounded modestly, but volatility is expected to keep prices choppy in the near term.

On the daily chart, ETH remains within a descending channel, with lower highs and lower lows intact.
The recent impulsive drop pushed prices into the $1.8K demand area, where buyers sparked a rebound toward the $2.1K region, yet the asset remains below the 0.5 Fibonacci level at $2.4K and well under the 0.618 level at $2.5K, indicating the current move is corrective rather than a confirmed trend reversal.
The $2.7K range, aligned with the 0.702–0.786 retracement levels, stands as a major supply zone and would be the key resistance area if a stronger recovery unfolds.
As long as ETH remains below $2.5K, the broader structure favours sellers, while the $1.7K level remains the critical support to hold.

In the 4-hour view, price action has formed a contracting structure after the bounce from $1.7K.
The market currently fluctuates between an ascending short-term support trendline and a descending local resistance trendline, compressing near the $2.1K area.
A break above $2.1K could open the path toward $2.5K, the next key resistance, while a break below $2K intraday support would likely expose the $1.8K zone again.
For now, ETH appears to be in a short-term consolidation phase between $1.8K and $2.1K following the volatility spike.
The Ethereum Spot Average Order Size chart shows a notable increase in green dots during the decline toward the $1.8K region, suggesting large whale-sized spot orders entering the market as prices traded at low levels.
This behavior implies potential accumulation by bigger players during the panic-driven sell-off.
If accumulation continues and price stabilises above $2K, the probability of a broader recovery toward higher resistance levels will gradually increase, with the $1.8K area reinforced as a structurally important demand zone.