Ethereum has reached a major resistance zone near the 4,950-5,000 area after a strong rally from the May breakout. Price is currently showing signs of rejection around this level, forming a weak high. A correction could target the first demand zone near 3,500, and if selling pressure increases, the next key support lies around 2,500, aligning with the strong low.
Key levels to watch:
Resistance: 4,950-5,000
Support Zones: 3,500 and 2,500
Trend: Upward momentum remains intact unless price breaks below the 3,500 demand zone.
This analysis is for educational purposes only and not financial advice
This news is powered by TradingView 
