Ethereum is at a decisive point in the market following its recent pullback from $4,700. The asset has lost key support levels, raising doubts about whether the bullish trend can hold in the short term or if, on the contrary, we are facing a scenario of greater losses.
Current Price Situation
ETH is trading around $4,250, a level that appears to be crucial support in the short term.
The price remains below the simple moving average of 100 hours, reflecting a bearish bias.
Immediate resistance is at $4,550, followed by critical levels at $4,630 and $4,720.
Scenarios to Watch
1. Upward: A clear break above $4,630 could provide relief to the market, pushing the price towards $4,800 or even $4,880 in the coming sessions.
2. Downward: If Ethereum fails to hold above $4,250, the market could push towards $4,150 or even seek lower supports.
Technical Indicators
The MACD remains in negative territory, indicating weakness in buying momentum.
The hourly RSI is below 50, showing selling dominance.
🌐 General Outlook
The Ethereum market is going through a delicate phase, and the next movements will be defined by the struggle between bulls and bears around short-term support levels. A technical rebound remains possible, but losing $4,250 would leave the door open for a deeper correction.
👉 For traders and holders, this is a key moment to apply discipline: carefully evaluate entry levels, adjust stops, and not be swayed by volatility.
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