ETH 4H Demand Zone Retest, Defend $4.2K or Break Down To $3.3K?

Ethereum is sitting at the key $4.2K demand zone, where price meets the ascending support trendline and prior liquidity levels. This area will decide whether ETH continues higher or breaks lower into a broader correction.

If buyers defend $4.2K, the next upside target is $4.95K resistance, which aligns with the dotted range high. A successful retest here would confirm continuation of the broader uptrend.

On the flip side, losing $4.2K and sweeping liquidity could trigger a breakdown toward $3.37K, the next major support zone.

Indicators show a mixed picture: Stoch RSI is near oversold, suggesting a bounce could form, while the MACD Liquidity Tracker is pointing to weakening momentum.

Key levels:
– Demand Zone: $4.2K
– Resistance: $4.95K
– Support: $3.37K