Ethereum Momentum Weakens After $4,960 ATH, Trading in $4.2K–$4.9K Range
Ethereum extended its rally to a fresh all-time high of $4,960 but displayed bearish RSI divergence, signaling waning momentum. The price retraced to the ascending channel’s midline and now finds support between $4,400 and $4,450. A sustained break below $4,400 could expose the next major support at $4,000. On the 4-hour chart, ETH tested liquidity above $4,800 before reversing into the 0.618–0.702 Fibonacci cluster near $4,400. Onchain liquidation data highlights key liquidity zones above $4,900 for short squeezes and below $4,000 for long liquidations. Ethereum is consolidating within this $4.2K–$4.9K range, and a decisive breakout or breakdown is likely to trigger the next impulsive move.
Neutral
The analysis highlights waning momentum after ETH’s ATH, with price consolidating in a defined $4.2K–$4.9K range. Bearish RSI divergence and key support levels suggest risk of a pullback, but no decisive breakdown has occurred. Historically, Ethereum often consolidates after record highs before choosing a direction. Given balanced liquidity zones and mixed technical signals, the immediate impact is expected to be neutral, pending a clear breakout or breakdown to guide traders.