Ethereum Price News: Ethereum Hits $4,300 Before Pullback — Traders Eye $4,400 as Next Milestone

ETH briefly touched $4,300 before easing to $4,270 amid profit-taking.

$4,400 remains the next major upside target, supported by short gamma positioning in options markets.

Strong open interest and elevated funding rates suggest bullish momentum but raise risk of liquidation cascades.

On-chain data shows whale accumulation slowing near $4,300 as sellers defend key resistance.

Ethereum (ETH) surged to $4,300 early Saturday before slipping back to $4,270, as traders locked in gains after a week-long rally driven by derivatives positioning and broader crypto market strength. The move marks ETH’s highest price since March 2024 and comes amid heightened speculation over a potential “quick-fire” rally to $4,400.

According to Amberdata, the net gamma exposure of dealers in the Deribit-listed ETH options market remains negative between $4,000 and $4,400. This configuration forces market makers to buy ETH as its price rises to hedge exposure — a feedback loop that can accelerate upside moves. The gamma profile flips positive near $4,400, making that level a likely “price magnet” for traders.

Key Resistance & Support Levels

Immediate Resistance: $4,300 (psychological level) and $4,320–$4,340 (seller concentration zone).

Major Resistance: $4,400, where options market gamma turns positive and sellers may intensify.

Support Levels: $4,250 (short-term floor) and $4,180 (last consolidation zone).

Breakdown Risk: Below $4,150 could trigger long liquidations toward $4,000.