- Ethereum holds $4,100 as traders debate crash vs rally. Can ETH defend support or slide deeper after this week’s sharp pullback?
Ethereum is trading just above $4,100 on Friday, consolidating after a sharp pullback from this week’s highs above $4,700. Headlines are split between analysts warning of ETH’s “biggest crash” and institutional voices like JPMorgan pointing to growth drivers that could lift the token further. The battle around the $4,100 pivot will decide whether Ethereum steadies or slides deeper.
What’s Driving Ethereum Right Now?
The split in sentiment is striking. On one side, bearish analysts argue that leverage has unwound and ETH’s run is overextended. Some analysts even called it the start of Ethereum’s “biggest crash,” pointing to cooling speculative flows. On the other, JPMorgan cited ETH’s growing role in DeFi and tokenization as evidence the network remains the top growth engine in crypto.
Adding fuel, BlackRock reported stronger-than-expected ETF inflows tied to Ethereum exposure, reviving talk of whether ETH could challenge the $5,500 zone later this year. Meanwhile, Bitcoin’s steadiness above $112,000 has kept the broader market from tipping into panic, giving ETH room to stabilize.
Ethereum Price Technical Analysis
- Current price: $4,098
- Pivot level: $4,100
- Resistance: $4,237, then $4,626
- Support: $4,000, then $3,748; deeper cushion $3,540
ETH is hugging its $4,100 pivot after two days of heavy selling. A close above $4,237 would ease pressure and put $4,626 back in play. If buyers lose $4,000, momentum flips bearish, and the market likely retests $3,748, with $3,540 as a defensive shelf. The MACD has rolled over, signaling a pause in trend strength.
Ethereum Price Forecast: Crash or Consolidation?
The next move depends on $4,000. Hold that line and ETH could rebuild toward $4,237 and $4,626, keeping the bullish thesis alive. Lose it, and talk of a “crash” gathers weight, with downside targets near $3,748. For now, ETH looks trapped between extremes, institutional flows hinting at upside, technicals warning of fatigue. Traders will be watching the $4,000 floor closely into the weekend.
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