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    Ethereum Price Slips Below $4,200 After Recent Rally

    2 Mins Read Ethereum news

    ETH Faces Correction Following Rejection at $4,800

    Ethereum (ETH) fell to $4,197, down 2.7% in the last 24 hours, as the market cooled off after a sharp rally to $4,805 earlier this month. The drop highlights profit-taking pressure and leaves traders watching key support zones to gauge whether the uptrend can resume.

    The daily chart shows Ethereum advancing from July lows near $2,800, breaking through multiple resistance levels including $3,200 and $3,750. The strong move culminated in a peak at $4,805, before sellers regained control.

    ETH is now consolidating just above the $4,000–$4,200 support region, which previously acted as resistance in December and again in early 2025. If this zone holds, ETH could attempt to rebound toward $4,600–$4,800 resistance. However, a breakdown would likely send prices back toward the $3,600 demand area.

    “Ethereum’s rally has been impressive, but no trend moves in a straight line,” According to BITX  analyst . “The $4,000 zone is critical. Losing it could trigger deeper corrections before bulls regain momentum.”

    Trading activity remains elevated, with over 215,000 ETH exchanged in the past 24 hours. Analysts suggest that while short-term momentum has cooled, long-term investor sentiment remains intact given Ethereum’s central role in DeFi, NFT infrastructure, and scaling solutions.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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