Ethereum price struggles to regain $4,000 resistance, raising the risk of a deeper capitulation move toward $3,437 as momentum turns bearish. Summary Ethereum rejected from $4,200 resistance, confirming short-term weakness. $3,437 support now the key target for potential liquidity sweep. Reclaiming $4,000 is essential to invalidate the bearish outlook. Ethereum (ETH) price is facing renewed downside pressure after repeated failures to reclaim the $4,000 to $4,200 resistance zone, signaling growing weakness in bullish momentum. Following a high near $4,700, price action has been in a steady downtrend, forming a lower high structure that continues to weigh on the broader market. The lack of sustained buying interest was noted here; this has further raised the probability of a capitulation move, as Ethereum trades below key resistance with liquidity now building at lower levels. Ethereum price key technical points: Resistance Rejection: $4,000–$4,200 remains the dominant resistance region capping upside momentum. Key Support in Focus: $3,437 acts as the next critical level for potential liquidity sweep. Bearish Market Structure: Ethereum continues to print lower highs, confirming the ongoing downtrend. You might also like: Chainlink price risks sharp drop to $11 as symmetrical triangle support gives way ETHUSDT (6H) Chart, Source: TradingView From a technical perspective, Ethereum’s failure to reclaim $4,200 on a closing basis has triggered a renewed wave of bearish momentum. This rejection invalidated the prior bounce from $3,430, which now appears to have been a weak relief rally rather than a structural reversal. The current high-timeframe resistance around $4,000 is proving to be a decisive level, with sellers firmly in control. As price continues to trade below this zone, the probability of a capitulation move toward $3,437 increases. This level not only marks a technical support but also represents a region of resting liquidity, where the market may seek to clear stop orders before establishing a potential bottom. You might also like: Trump admits he does not know who Changpeng Zhao is after pardoning him If this liquidity sweep occurs, it could create conditions for a more extended consolidation phase between $3,437 and $4,000, allowing Ethereum to rebuild momentum before any significant rebound. Ethereum’s current market structure remains bearish, characterized by lower highs and declining volume across major timeframes. The repeated failure to hold above the 200-day moving average reinforces this weakness, suggesting that bulls are struggling to defend higher levels. What to expect in the coming price action If Ethereum fails to regain momentum above $4,000, a possible capitulation move toward $3,437 can occur. This area could serve as a liquidity target before any range formation or relief bounce develops. Ethereum is likely to remain range-bound within a bearish continuation structure, with the path of least resistance still pointing lower. The coming days will determine whether this setup evolves into a prolonged consolidation or a sharper correction. Read more: XRP price could crash to $1.80 as bullish pattern risks invalidation