Ethereum (ETH) short-term downward analysis: Price retracement alert!

Recently, Ethereum's price trend has been weak, failing to rebound successfully, and has shown a downward trend similar to Bitcoin. Currently, ETH is undergoing a short-term adjustment, with bearish forces having an impact, and the price has fallen below the $4,550 high area, further probing the $4,350 support level.

Market Review

  • Bears are pushing the ETH price downward, having already broken the $4,250 support level;

  • Testing the $4,065 area as a recent low;

  • Price is currently consolidating below the 23.6% Fibonacci retracement level, calculated from the recent high of $4,580 to the low of $4,065;

  • ETH's current price is below$4,250andthe 100-hour simple moving average, with short-term bears in control.

🔹 Upward Pressure


For Ethereum to rebound, it needs to first break through the following resistance levels:

  • First resistance level: Around $4,185;

  • Next resistance level: Around $4,320 (close to the recent high and low 50% Fibonacci retracement level);

  • Key resistance level: $4,350, which is the resistance position of the bearish trendline on the hourly chart;

  • If the price successfully breaks above $4,350, it may further challenge$4,385resistance level, and may even have a chance to briefly rise to$4,500-$4,550pressure range.

🔹 Downward Risks


If ETH fails to break through the $4,320 resistance level, downward pressure may continue to strengthen:

  • Initial support: $4,065;

  • First major support: $4,020;

  • Further decline: If the $4,020 support is broken, it may drop towards $4,000, or even briefly test the $3,850 support level;

  • Long-term key support: $3,620, which is an important lower level that bears may target.

🔹 Technical Indicator Reference

MACD: The hourly chart shows MACD gaining momentum in the bearish zone, with a short-term bearish bias;

RSI: The hourly chart RSI is below 50, indicating prevailing selling pressure, with limited rebound momentum.

🔹 Summary and Tips for Newcomers


1️⃣ Ethereum is currently in a short-term retracement phase, with clear bearish forces.

2️⃣ Short-term upward movement may be limited to the $4,185-$4,350 range; if this range is broken, the price may have a chance to challenge the $4,500 high again.

3️⃣ Key support attention at $4,065 and $4,020; breaking below these levels may lead to further retracement risks, potentially approaching $3,850 or even $3,620.

4️⃣ For newcomers to the crypto space, operational advice: Do not chase highs, pay attention to key support and resistance levels, and wait for a clear trend before acting. Short-term volatility is significant, prioritize stability.

⚠️ Risk Warning:

The cryptocurrency market is highly volatile, and the above analysis is based on technical indicators and price behavior for reference only, not constituting investment advice. Be sure to operate cautiously based on your own risk tolerance.