$ETH price analysis today shows Ethereum pulling back to ~$4,33K, right on a well-watched pivot around $4,350. The move comes as the entire market is adjusting lower, with Bitcoin easing from its ATH, prompting broad de-risking. We break down the ETH chart, the critical supports/resistances, and the upside/downside price targets for $ETH. Ethereum Price Today: Levels That Matter Pivot / Immediate zone: ~$4,350 (dotted line on your chart). ETH is hovering here after a quick pullback. 50-day SMA: ~$4,410 overhead. Price is currently below this line; reclaiming it would be a short-term bullish tell. Nearby resistance shelf: ~$4,600, then the psychological $5,000. Supports below: $3,840 (major), then $3,500, then $3,200. The 200-day SMA sits much lower near $3,100, acting as a last-ditch trend guardrail. ETH/USD 1-day chart - TradingView Market Context: BTC Sets the Tone The latest $Ethereum dip lines up with a market-wide cooldown: $BTC slipped from an ATH ~$126.5K to roughly $121K. As long as BTC stabilizes above higher lows, ETH can attempt to base around $4.35K; a deeper BTC leg would likely pressure ETH into the $3.8K–$3.5K demand zone. Scenario Map & Price Targets Bull Case (reclaim momentum) Trigger: Daily close back above the 50-day SMA (~$4,410) and firm hold over the $4,350 pivot. Targets: $4,600 → $4,800 → $5,000. A clean break/close above $5,000 opens $5,250–$5,400 extension. ETH/USD 1-day chart - TradingView Base-Building (sideways consolidation) Trigger: Repeated defenses of $4,350 but failure to clear $4,410–$4,600. Range: $4,05K–$4,60K chop while the market digests BTC’s pullback. Outcome: Energy builds for a later push—direction likely follows BTC. Bear Case (deeper correction) Trigger: Daily close below $4,350, then $4,200–$4,150 intraday fails. Targets: $3,840 first, then $3,500. If risk-off accelerates, $3,200 (with 200-DMA ~$3,100 in the vicinity) is a high-confluence support zone. ETH/USD 1-day chart - TradingView