💥 Ethereum Tests $4,250 Support as Market Braces for Next M
koinmilyoner
Updated at: 2 hours ago
{"content":"💥 Ethereum Tests $4,250 Support as Market Braces for Next Move
Ethereum began a decline below $4,550. ETH may fall to $4,120 due to pessimistic indications.
Ethereum fell again below $4,550 and $4,420.
The price is below $4,450 and the 100-hour SMA.
The hourly ETH/USD chart shows a negative trend line with resistance at $4,450.
If it breaks $4,200, the pair may fall further.
Ethereum Drops Again
Ethereum, like Bitcoin, fell below $4,650. ETH fell below $4,450.
Bears pushed the price below $4,350. Last, the price tested $4,220. Price has fallen to $4,228 and is trying to rebound. Price moved beyond the 23.6% Fib retracement level of the latest fall from $4,581 swing high to $4,228 low.
Ethereum has fallen below $4,450 and the 100-hour SMA. Price may find resistance at $4,375 on the upside. Around $4,400 is the next major resistance. It is around the 50% Fib retracement level of the latest slide from $4,581 swing high to $4,228 low.
Near $4,450 is the first substantial resistance. The hourly ETH/USD chart shows a negative trend line with resistance at $4,450. A clean break above $4,450 might push the price above $4,550.
Above $4,550 barrier might lead to greater advances in the following sessions. Ether might grow to $4,650 or $4,720 in the short future.
More ETH losses?
Ethereum may fall if it fails to break $4,400. At $4,220, downward support begins. First significant support is around $4,200.
A decisive break below $4,200 might bring the price around $4,150. If losses continue, the price may reach $4,050 support. The next support is $4,000.
Tech Indicators
The negative MACD for ETH/USD is growing.
Hourly RSI: ETH/USD is below 50.
Major Support—$4,200
Major Resistance: $4,400
#ETH #ETH🔥🔥🔥🔥🔥🔥 $ETH #PowellWatch #AltcoinSeasonLoading ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/19/38d287e38ffc4f29ae70f96490a17bb6.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}