#Ethereum

Ethereum Price Update: Bulls Need to Act Fast! 📉

Ethereum ($ETH ) has taken a hit, dropping below $4,550 and now consolidating near $4,264. The price is trading below the 100-hourly SMA, with a bearish trend line forming at $4,450 resistance. 🚨

🔴 Key Levels to Watch:

• Support: $4,250, with major support at $4,220. A break below could push ETH toward $4,150 or even $4,050.

• Resistance: $4,350, with a major hurdle at $4,450. Clearing this could spark a recovery toward $4,500 or $4,550.

📊 Technical Signals:

• Hourly MACD: Gaining bearish momentum.

• Hourly RSI: Below 50, signaling weakness.

Can bulls step in to defend $4,250 and reverse the trend, or will bears push ETH lower? Stay tuned for updates! 👀