Ethereum Faces Rejection at $4,580

Ethereum is testing a major resistance zone at $4,580, where price action shows signs of rejection. The level aligns with the 0.618 Fibonacci retracement, suggesting potential for an intraday correction before continuation higher.

Ethereum’s recent rally has brought price action into a crucial resistance zone on the higher timeframes. The $4,580 region has repeatedly acted as a key level of rejection in previous attempts and now coincides with the 0.618 Fibonacci margin. As price approaches this zone once again, traders are watching closely to see whether Ethereum can break through with volume confirmation or if another rejection will initiate a short-term retracement before a broader continuation move.

Key Technical Points:

- Resistance at $4,580 aligns with the 0.618 Fibonacci retracement.
- VWAP and point of control (POC) are key short-term support levels.
- Failure to hold VWAP/POC could trigger a deeper intraday correction.

Main Analysis:
Ethereum’s climb from lower support has been well-structured, producing higher highs and higher lows consistent with a bullish market phase. However, the current level at $4,580 represents a significant area of supply, where previous rallies have stalled. The overlap of this resistance with the 0.618 Fibonacci retracement adds technical confluence, increasing the probability of a reaction from sellers.

The VWAP and point of control currently sit below this resistance and act as key dynamic supports for the ongoing uptrend. Losing these levels on an intraday basis would likely open the door for a retracement deeper into the previous demand zone. Such a move would be considered healthy within the broader uptrend, allowing the market to reset before establishing another higher low.

Despite this near-term resistance, the macro structure of Ethereum remains bullish. Momentum indicators, including RSI and moving averages, still favor buyers, though they suggest temporary exhaustion at these levels. Traders should closely monitor volume responses at $4,580 — a breakout supported by increasing buy volume would confirm renewed bullish strength, while rejection and declining volume would support a corrective scenario.

What to Expect in the Coming Price Action

Ethereum remains in a bullish trend overall, but short-term resistance at $4,580 could trigger a brief pullback if unbroken. A confirmed breakout above this level would open the door toward higher resistances at $4,750–$4,900, while a failure to reclaim the VWAP or POC could see price retest lower supports before resuming the broader uptrend.