🚨 $ETH Downtrend Intensifies — Is \$4,000 the Next Target? 🔻
Ethereum is extending losses, trading well below **\$4,350** and the 100-hour SMA. A bearish trend line on the hourly ETH/USD chart is reinforcing heavy resistance around **\$4,350**.
Currently under **\$4,350**, ETH faces resistance at **\$4,185** and **\$4,320**, with the major barrier still between **\$4,350–\$4,385**. Breaking above this range could open the door for a rally toward **\$4,500–\$4,550**.
On the downside, support is seen near **\$4,065**, followed by a critical level at **\$4,020**. If that fails, ETH could drop to **\$4,000**, and potentially further toward **\$3,850–\$3,620** if selling pressure increases.
🔎 Tech Indicators:
📉 MACD: Bearish momentum strengthening
📉 RSI: Below 50, indicating sellers in control
⚠️ Short-term view: ETH must reclaim **\$4,320–\$4,350** to prevent a deeper decline. Failure to do so could bring the psychological **\$4,000** level into play.
