ethpullback

Ethereum$ETH (ETH) dropped around 4–6% today as broader crypto markets corrected ahead of the Jackson Hole event. Despite the decline, current data doesn’t confirm a bearish Ethereum trend. Institutional inflows remain strong, Layer-2 adoption is climbing, and on-chain activity shows resilience. Unless ETH breaks below $4,200 on heavy volume, the latest move is best seen as a short-term pullback within a larger uptrend.
Why did Ethereum drop today?

Ethereum’s$ETH recent price drop was driven mainly by global market sentiment. Risk assets turned lower as traders positioned ahead of upcoming macroeconomic updates, and crypto mirrored that weakness. The move was intensified by liquidations of leveraged long positions after ETH’s sharp rally toward $4,500–$4,700. This combination created a fast dip toward the $4,200 zone, which is now a key support level.
Ethereum price analysis: Is this a bearish trend?
The data suggests Ethereum is not yet entering a long-term bearish phase. Institutional demand remains strong, with Ethereum-based investment products continuing to record net inflows and assets under management reaching fresh highs. Such accumulation is a sign of confidence rather than capitulation.Ethereum’s market structure is also improving. Exchange-traded products have become more efficient under recent regulatory adjustments, helping to support liquidity and price stability.On-chain Ethereum activity continues to look healthy. Layer-2 networks such as Arbitrum, Optimism, and Base are processing high transaction volumes. Users are shifting to cheaper scaling solutions, which keeps overall Ethereum usage strong even as mainnet gas fees stay low.The long-term Ethereum outlook also remains constructive. Analysts highlight ETH’s role in staking, DeFi, stablecoins, and institutional adoption, which reinforces the bullish case despite near-term volatility.
Key Ethereum support and resistance levels

Ethereum faces strong resistance at $4,700. A confirmed breakout above this level could push ETH price momentum toward new all-time highs. On the downside, the $4,380 zone and the critical $4,200 support are levels to watch closely. A daily or weekly close below $4,200 on high trading volume would be a warning sign of a bearish ETH trend.
How traders and investors can navigate ETH pullback
For short-term traders, monitoring the $4,200–$4,380 support range is essential. Waiting for a confirmed higher low before re-entering can reduce risk in a volatile market.For long-term Ethereum investors, the broader fundamentals remain positive. Strong institutional inflows, continued Layer-2 adoption, and regulatory progress provide confidence that Ethereum’s long-term uptrend is intact. Red days often provide better accumulation opportunities than buying into strength.
What would confirm a bearish Ethereum trend?

A real bearish shift would require Ethereum to break below $4,200 with strong selling pressure, followed by lower highs on rebounds. Sustained outflows from ETH investment products and a significant decline in Layer-2 usage would also strengthen the bearish case. Until these signals appear, the pullback looks more like a healthy correction within Ethereum’s ongoing uptrend.
Final takeaway

Ethereum’s price action shows that the recent decline is more of a consolidation than the start of a bear market. As long as ETH holds above $4,200, the pullback represents an opportunity for traders and investors to plan around the next major move.
$ETH
SOURCES:
Barron’s, CoinDesk, CoinShares, SEC, L2BEAT, Etherscan

#Ethereum #EthereumPriceAnalysis #EthereumBearishTrend #ETHPullback #Layer2

ອີງຕາມລາຍງານຂອງ Cointelegraph, ຫຼຽນ Ether (ETH) ເຊິ່ງເປັນຫຼຽນຫຼັກຂອງເຄືອຂ່າຍ Ethereum ໄດ້ຟື້ນຕົວຂຶ້ນຫຼາຍກວ່າ 15% ຫຼັງຈາກທີ່ລາຄາໄດ້ຫຼຸດລົງແຕະຈຸດຕໍ່າສຸດໃນຮອບ 2 ເດືອນຢູ່ທີ່ປະມານ $3,435. ການຟື້ນຕົວຄັ້ງນີ້ສ້າງຄວາມເຊື່ອໝັ້ນໃນໝູ່ນັກວິເຄາະວ່າ ETH ອາດຈະພຸ່ງຂຶ້ນໄປເຖິງ $4,500 ພາຍໃນທ້າຍເດືອນຕຸລານີ້.

ຮູບແບບການຟື້ນຕົວດັ່ງກ່າວກຳລັງສ້າງລັກສະນະຂອງ bull flag ເຊິ່ງເປັນສັນຍານທາງດ້ານເທັກນິກທີ່ມັກບົ່ງບອກເຖິງ “ການສືບຕໍ່ຂອງທ່າອ່ຽງຂາຂຶ້ນ” ຫຼັງຈາກຊ່ວງພັກຖານ. ໂດຍລັກສະນະຂອງ bull flag ແມ່ນມີຊ່ອງແນວຂະໜານລາດລົງ (descending channel) ເກີດຂຶ້ນຫຼັງຈາກລາຄາພຸ່ງແຮງຈາກຈຸດຕໍ່າສຸດໃນເດືອນເມສາ ($2,500) ຈົນເຖິງຈຸດສູງສຸດໃນເດືອນສິງຫາ ($4,950).
ການດີດຕົວລ່າສຸດຈາກແນວລຸ່ມຂອງຊ່ອງບໍລິເວນ $3,500 ຍັງກົງກັບແນວຮັບສຳຄັນຂອງ ເສັ້ນຄ່າສະເລ່ຍເຄື່ອນທີ່ແບບເອັກໂພເນນຊຽນ 200 ວັນ (200-day EMA) ເຊິ່ງມັກຈະເປັນບໍລິເວນທີ່ແຮງຊື້ເຂົ້າມາໃນຕະຫຼາດຂາຂຶ້ນ. ຖ້າແຮງຟື້ນຕົວສືບຕໍ່, ETH ມີທ່າອ່ຽງຈະຂຶ້ນໄປທົດສອບແນວຕ້ານບໍລິເວນ $4,450–$4,500 ພາຍໃນເດືອນຕຸລາ. ແລະຖ້າຜ່ານແນວຕ້ານນີ້ໄດ້, ນັກວິເຄາະຄາດວ່າ ETH ອາດຈະໄປເຖິງແນວຕ້ານຖັດໄປທີ່ $4,750 ຫຼືແມ້ແຕ່ເປົ້າໝາຍຂອງ bull flag ທີ່ລະດັບເໜືອ $5,200 ພາຍໃນເດືອນພະຈິກ.
ຢ່າງໃດກໍຕາມ, ຖ້າລາຄາຫຼຸດແນວຮັບບໍລິເວນ $3,550 (ເຊິ່ງລວມເຖິງເສັ້ນ EMA 200 ວັນ ແລະ ຂອບລຸ່ມຂອງ bull flag), ຮູບແບບຂາຂຶ້ນອາດຈະຖືກຍົກເລີກ ແລະ ລາຄາອາດຈະຫຼຸດກັບລົງໄປທີ່ໂຊນ $3,000–$3,200.
ໃນດ້ານດັດຊະນີ MVRV (Market Value to Realized Value) ກໍຍັງສະໜັບສະໜູນເປົ້າໝາຍ 4,500 ເຊັ່ນກັນ. ໂດຍລາຄາລ່າສຸດໄດ້ຊົງຕົວໃກ້ລະດັບຄ່າສະເລ່ຍຮອບກາງທີ່ $3,900 ເຊິ່ງໃນອະດີດເຄີຍເປັນຈຸດເລີ່ມຕົ້ນຂອງການຟື້ນຕົວຮອບໃໝ່ຫຼາຍຄັ້ງ ແລະ ທຸກຄັ້ງທີ່ ETH ເດັ້ງຈາກລະດັບນີ້ ມັກຈະຂຶ້ນຕໍ່ໄປເຖິງໂຊນ +1$\sigma (ຄ່າບ່ຽງເບນມາດຕະຖານ) ເຊິ່ງຕອນນີ້ຢູ່ໃກ້ $5,000.
ທັງໝົດນີ້ຊີ້ໃຫ້ເຫັນວ່າ ETH ຍັງຢູ່ໃນຊ່ວງ “ພັກຖານຢ່າງແຂງແຮງ” ຂອງຮອບຂາຂຶ້ນ, ບໍ່ແມ່ນສັນຍານສິ້ນສຸດຮອບ. ດັ່ງນັ້ນການປັບຕົວຂຶ້ນສູ່ໂຊນ $4,500–$5,000 ພາຍໃນທ້າຍເດືອນຕຸລາ ຍັງມີຄວາມເປັນໄປໄດ້ສູງ ຖ້າລະດັບແນວຮັບປັດຈຸບັນຍັງຄົງຢູ່.
⚠️ ບົດຄວາມນີ້ບໍ່ແມ່ນຄໍາແນະນຳການລົງທຶນ, ນັກລົງທຶນຄວນສຶກສາຂໍ້ມູນ ແລະ ຕັດສິນໃຈດ້ວຍຕົນເອງ ເນື່ອງຈາກການລົງທຶນມີຄວາມສ່ຽງ.
📊 ສະຫຼຸບງ່າຍໆ:
ຕອນນີ້ ETH ຟື້ນຕົວໄດ້ແຮງ ແລະ ຢູ່ໃນທ່າອ່ຽງຂາຂຶ້ນ. ຖ້າຍັງຢືນຢູ່ເໜືອແນວຮັບ $3,500 ໄດ້, ມີໂອກາດສູງທີ່ຈະພຸ່ງແຕະ $4,500–$5,000 ພາຍໃນທ້າຍເດືອນຕຸລາເຖິງຕົ້ນເດືອນພະຈິກ. ແຕ່ຖ້າຫຼຸດຕໍ່າກວ່າ $3,550, ຕ້ອງລະວັງແຮງຂາຍທີ່ອາດຈະເຮັດໃຫ້ລາຄາກັບໄປໂຊນ $3,000 ອີກຄັ້ງ.
#EthPullback $ETH