Ethereum News Update: Ethereum Struggles to Hold $4K Support While Meme Coin LILPEPE Boasts Potential 94x Returns

Ethereum (ETH) is currently challenging a significant resistance point near $4,000, as the asset struggles to regain upward momentum in a market characterized by mixed signals. The price is fluctuating around $3,985, which is below important support levels at $3,960 and the 100-hour simple moving average (SMA). This situation has sparked concerns that if ETH fails to maintain support at $3,980, it could revisit $3,840 or even drop to $3,680, according to a

. Market observers are monitoring whether ETH can turn this resistance into a support area, which could indicate a short-term trend reversal.

The overall market environment remains complicated. Despite Ethereum’s network showing strength—with daily transactions surpassing 1.2 million and the total value locked (TVL) in DeFi platforms climbing 8% over the past week—trading activity has been subdued, limiting price gains, as noted in an

. This disconnect points to a struggle between strong fundamentals and broader economic caution. At the same time, ETF outflows have intensified market weakness, and has mirrored Bitcoin’s difficulty in breaking above the $4,000 mark, despite several attempts, as highlighted in a .

Technical analysis offers further insight into the

outlook. The 0.618 Fibonacci retracement at $3,781 has served as a strong support, while the 50-day moving average is acting as a dynamic resistance, according to a . If ETH can sustain a move above $4,400–$4,500, it may target $4,800–$5,000 by the end of the year, as per crypto.news. However, dropping below $3,700 could trigger a decline toward $3,300–$3,400. Elliott Wave analysis also points to a possible target range of $5,125–$6,021 if the fifth wave unfolds as anticipated (as discussed in the aforementioned CryptoNews report).

Investor sentiment is still split. Increased staking and TVL, especially on platforms like Lido and

, have brought in $400 million in the last day, reflecting renewed interest in Ethereum’s ecosystem, according to a . However, technical indicators such as the RSI and MACD remain bearish, with the MACD’s histogram staying below neutral after a failed rally, as reported in an .

The balance between Ethereum’s strong fundamentals and its short-term price swings highlights the market’s vulnerability. While the adoption of Layer 2 solutions and deflationary mechanisms provide a positive backdrop, the lack of sustained buying and the upcoming Fed inflation report add to the uncertainty, as mentioned in the Ethereum price prediction on crypto.news. For investors, the next few weeks may depend on whether ETH can reclaim the $4,500 level—a move that could either confirm the market’s resilience or reveal its weaknesses.