Ethereum Price Prediction: Will ETH Reclaim $4700 Before Dropping?

In the last article, I pointed out something many traders tend to ignore: accumulation and manipulation go hand in hand. First comes the trap below accumulation, then comes the distribution upward.

If you don’t fully understand why this push happened, I’d honestly suggest you go back and read the previous breakdown—it connects the dots.

Back then, I also left you with another potential setup: Ethereum was heading straight into a daily supply zone that could trigger a bearish reaction. And guess what? That’s exactly what happened. The ethereum price reacted perfectly, just as planned, and now we’re watching the market lean short.But here’s where it gets interesting. Price left liquidity sitting just above $4700.

In my experience, markets love cleaning up liquidity before they commit to their next big move. It wouldn’t surprise me at all if we see Ethereum spike back up, grab that $4700 liquidity, and only then continue the downward move. It’s like when you’re trying to tidy up your desk before starting work—price just doesn’t like leaving mess behind.

If you’ve been around charts long enough, you’ll know nothing is set in stone.

We might get that sweep above and then continuation lower, or Ethereum could surprise us and push through with more strength than expected.

I once thought I had the “perfect short” only to watch the market sweep my stop and then fall exactly where I thought it would. That’s trading. That’s why you have to stay flexible.

The key here is to not chase what everyone else is doing. When most retail traders are shorting aggressively right after a big supply reaction, I prefer to wait. Why? Because liquidity plays usually punish impatience. The market rewards patience and awareness.

Could Ethereum drop harder from here? Absolutely. Could it take liquidity above $4700 first? Also absolutely.

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Either way, this isn’t about guessing the one single outcome—it’s about preparing for multiple scenarios and not being caught off guard.

At the end of the day, no one holds absolute certainty.

The ethereum price can twist, turn, and break expectations in a heartbeat. What we can do is stack probabilities in our favor, prepare for different setups, and avoid trading blind. The scenarios I’ve shared are possibilities, not guarantees.

Stay sharp, trade safe, and remember: the market loves proving people wrong—don’t let it be you.