💥 ETH Correction or Opportunity? Bulls Watch for Reentry E
koinmilyoner
Updated at: 2 hours ago
{"content":"💥 ETH Correction or Opportunity? Bulls Watch for Reentry
Ethereum began a decline from $4,780. ETH is climbing from $4,480 and may continue.
Ethereum rose again over $4,520 and $4,550.
The price is over $4,550 and the 100-hour SMA.
The hourly ETH/USD chart shows a bullish trend line with support near $4,500.
If supported over $4,500, the pair may continue to rise.
Ethereum Price Drops Still Appeal
Ethereum rose beyond $4,600, beating Bitcoin. ETH price broke $4,650 and $4,700 barrier.
Bulls even broke $4,720 resistance. Last, the price tested $4,780 resistance. The price recently retreated gains below the 23.6% Fib retracement line of the upward run from the $4,170 swing low to the $4,782 high.
However, bulls were active around $4,480. They defended the 50% Fib retracement of the $4,170 swing low to $4,782 high upward surge. The price is growing again and improving.
Ethereum is over $4,550 and the 100-hour SMA. The hourly ETH/USD chart shows a bullish trend line with support near $4,500. Price may find resistance at $4,640 on the upside.
Near $4,680 is the next major resistance. Near $4,720 is the first substantial resistance. A clean break over $4,720 might push the price above $4,780. Above $4,780 barrier might lead to greater advances in the following sessions. Ether may increase to $4,880 or $5,000 soon.
ETH Pullback Again?
Ethereum may fall if it fails to break $4,700. At $4,550, negative support begins. First big support is about $4,500.
A decisive break below $4,500 might bring the price near $4,400. More losses might push the stock toward $4,315 support. The next support is $4,250.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly ETH/USD RSI is over 50.
The $4,500 Major Support Level
Major Resistance: $4,700
#BNBBreaksATH #ETH5kNext? #ETHRally #ETHOvertakesNetflix #CPIWatch $ETH $BTC $BNB ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/15/12ff4800cfa74689b2b01ad38dac5862.png"],"tags":[],"tradingPairs":["BNB/USDT"],"quotearticleid":0}