Table of Contents
![Ethereum Sell-Off Stalling Under This Key Resistance on the 4-hour timeframe. What Next?](https://www.bitcoinsensus.com/wp-content/uploads/2022/01/eth-higher-low-price-action-1024x576.png)
The Ethereum sell-off is slowing down as the price is currently stalling, creating a higher low price structure on the 4-hour timeframe.
This formation points to a very high likelihood for us retracing a bit higher in the coming days or trading sideways for a bit before the sell-off might continue.
In this Ethereum analysis, we will be talking about the possible price scenarios as well as the key levels we will be watching for in the coming days.
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Ethereum $2,720 Key Resistance
![Ethereum Sell-Off Just Got Worst! Watch This Key Level on the 4-hour timeframe](https://www.bitcoinsensus.com/wp-content/uploads/2022/01/ethereum-critical-support-broken-1-1024x576.png)
In our previous Ethereum analysis Warning: Ethereum Sell-Off Just Got Worst! Watch This Key Level, we talked about the $2,720 major resistance on the 4-hour timeframe and how it affects this current sell-off in the Ethereum price.
And right now, that key level will be playing an important role soon because this higher low structure is currently forming right below it.
![Ethereum Sell-Off Stalling Under This Key Resistance on the 4-hour timeframe. What Next?](https://www.bitcoinsensus.com/wp-content/uploads/2022/01/eth-higher-low-price-action-1-1024x576.png)
What Does This Mean For Ethereum
Well, it simply means that even if we see a slight bullish relief from this current sell-off in the ETH price, it might not last long because of the major resistance that is just right above it.
This 4-hour key resistance is the line in the sand for the ETH bulls. And until the Ethereum price can break back above it, we might just continue to see Ethereum sell-off in the coming days.
![Ethereum Sell-Off Stalling Under This Key Resistance on the 4-hour timeframe. What Next?](https://www.bitcoinsensus.com/wp-content/uploads/2022/01/eth-higher-low-price-action-2-1024x576.png)
Final Verdict!
Ethereum might be stalling right now, but that price sell-off is far from over. For us to stop the sell-off the ETH bulls must push the price back above the $2,720 major resistance on the 4-hour timeframe.
As far as ETH continues to trade below this key resistance, there is a very high probability that we might continue to trend lower in the coming days.
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