Ethereum’s explosive breakout has decisively shifted its higher-timeframe structure in favor of buyers, but the rally is now cooling after running into a major resistance zone. ETH climbed from a consolidation range near $1.83K–$1.97K, broke a long-standing descending trendline, and powered through the $2.07K–$2.15K breaker block before extending toward the $2.44K–$2.51K resistance area. The price briefly pushed above this zone to roughly $2.52K, but sellers stepped in and ETH has since retreated to around $2.39K.
On the daily chart, the key question is whether Ethereum can reclaim and hold above $2.44K–$2.51K, which would restore bullish momentum. On the downside, the $2.07K–$2.15K breaker block is the most important visible support; as long as it holds, the broader breakout structure remains bullish. The 4-hour chart shows Fibonacci retracement levels at $2.21K (0.5), $2.13K (0.618), and $2.07K (0.702), with the 0.786 level near $2.01K. This creates a strong confluence in the $2.07K–$2.21K area, making it the primary pullback zone if sellers maintain short-term control.
Liquidation heatmap data adds weight to the pullback scenario: a notable cluster of liquidation liquidity has developed above $2.2K, acting as a potential short-term magnet that aligns with the 0.5 Fibonacci retracement. A sweep toward that region would be consistent with a post-breakout correction rather than a confirmed reversal. The subsequent reaction around $2.2K and the $2.07K–$2.15K support zone will be crucial for determining whether Ethereum can stabilize and eventually challenge the $2.44K–$2.55K resistance area again.
