Ethereum Sellers Halt Breakout — But One Group Is Still Hopeful

ETHUSD price failed to confirm its breakout as sellers rejected the move near $4,283–$4,326 — a dense supply zone that continues to block upside. The token has gained about 3.5% weekly but slipped over 2% in the past 24 hours, showing hesitation around key resistance.

ETHUSD remains inside a symmetrical triangle that has guided price since October 7. A breakout above $4,254–$4,395, confirmed by a 12-hour close, could trigger a short rally toward $4,500. Until then, the range stays neutral with immediate support at $3,918 and deeper protection near $3,711.

The RSI remains stable, but momentum shows fading strength near upper levels. A drop below $3,918 would weaken the pattern and invite further downside. On-chain data supports this caution: holder accumulation dropped 1%, and exchange outflows fell 43%, showing cooling demand. Still, smart money wallets have been adding since October 22, hinting at quiet confidence in a rebound.