🚨 $ETH Ethereum at a Crossroads: Can Bulls Defend $4,250? 🚨
Ethereum is facing a critical test after failing to break above $4,450 — and the next move could determine its short-term fate. Here’s what you need to know:
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📉 Current Market Snapshot
· Price: Struggling below $4,400
· Key Resistance: $4,370 - $4,450 (trendline + Fib level)
· Key Support: $4,250 - $4,220 (must hold!)
· Trend: Trading below 100-hour SMA → Short-term bearish pressure
⚡ What’s Happening?
Ethereum saw a brief rebound from the $4,220 support zone but got rejected near $4,370 — a level aligned with a descending trendline and the 50% Fibonacci retracement of the recent drop.
Bulls are now battling to defend $4,250. If this level breaks, we could see a slide toward **$4,160 or even $4,120**.
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🎯 Key Levels to Watch
🔴 Resistance Zones
· $4,370 – Trendline + 50% Fib
· $4,450 – Major breakout level
· $4,500 – Next target if bulls regain control
🟢 Support Zones
· $4,250 – Immediate support (must hold!)
· $4,220 – Recent base
· $4,160 – Next downside target
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📊 Technical Indicators
· MACD: Bearish momentum building
· RSI: Below 50 → Sellers in control
· Volume: Low → Lack of conviction
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🔮 What’s Next?
If Ethereum can reclaim $4,370 and break above $4,450 with volume, we could see a rally toward $4,550–$4,620.
But if support at $4,250 fails…
⚠️ Be prepared for a deeper pullback.
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💡 Trading Tip
Wait for a confirmed breakout above $4,370 or breakdown below $4,250 before entering new positions. Risk management is key in this volatile setup!
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