Ethereum Holds $4,500 as Key Support in Market Structure Test

Ethereum has corrected back to $4,500, a level that once acted as resistance and now flipped into strong support. Holding this zone is crucial for the bullish case.

Following its recent correction, Ethereum is trading at a pivotal level that will determine its next decisive move. Market structure suggests a potential rebound, though risks of deeper correction remain.

Key Technical Points:

$4,500 reclaimed as high-timeframe support.

VWAP sits just below as added confluence.

Point of control lies beneath as fallback support.

Ethereum’s current positioning highlights the importance of historical resistance-turned-support levels. The $4,500 zone, which capped price earlier this year, has now flipped into support and is being tested again. Confluence with VWAP reinforces this as a critical level.

Failure to hold $4,500 would open the door for a move toward the point of control, another high-timeframe support where buyers may step in. Until then, ETH is expected to trade around these technical markers as traders wait for confirmation of direction.

What to Expect in the Coming Price Action:

If Ethereum successfully holds $4,500, continuation toward higher resistance becomes the probable scenario. A breakdown, however, sets the stage for testing the POC before any renewed push higher.