Altcoins News
By Evie Vavasseur
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Failed Attempt to Hold Higher Levels. The weakness began after Ethereum failed to extend gains past $4,450, leading to a steady decline…
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Resistance Levels to Watch. For any recovery to gain traction, Ethereum needs to close decisively above $4,150.
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Ethereum’s Downside Risk. The more immediate concern for traders is whether Ethereum can hold above $4,000.
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Technical Indicators Suggest Weakness. The hourly Moving Average Convergence Divergence (MACD) is currently positioned in the bearish…
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Broader Market Impact. Ethereum’s decline comes in line with a broader cooldown across the crypto market.
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Ethereum’s Longer-Term Picture. Despite near-term weakness, many analysts believe Ethereum’s fundamentals remain intact.
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What Traders Should Watch. Over the next few sessions, the following levels and signals will be critical:
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Final Outlook. Ethereum remains vulnerable as bearish momentum keeps the price below key resistance levels.
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Ethereum is once again facing heavy selling pressure, with the price struggling to stay above crucial levels.
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The world’s second-largest cryptocurrency has been trading in a bearish structure since breaking down from the $4,450 region.
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At press time, Ethereum is hovering near $4,100, trading below its 100-hourly Simple Moving Average — a sign that bears remain in control.
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Although the price staged a modest bounce, reclaiming the 23.6% Fibonacci retracement level of the drop from $4,635 to $4,000, bullish momentum quickly stalled near $4,250.
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Currently, Ethereum faces a strong resistance cluster between $4,220 and $4,250, along with a key bearish trend line capped at $4,360 on the hourly chart.
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For any recovery to gain traction, Ethereum needs to close decisively above $4,150. Beyond that, resistance levels sit at $4,220, followed by the critical $4,250 zone.
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Should buyers succeed in pushing through $4,360, it may set the stage for a more convincing rebound.
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