🚨 $ETH Downtrend Gains Strength — Is $4,000 the Next Stop? 🔻
Ethereum continues to lose ground, slipping further below $4,350 and the 100-hour SMA. A bearish trend line on the hourly ETH/USD chart signals strong resistance at $4,350.
ETH is trading under $4,350 with key resistance zones at $4,185 and $4,320.
Major resistance remains near $4,350–$4,385. A break above could fuel a rally to $4,500–$4,550.
On the downside, support lies at $4,065, with the next crucial zone at $4,020. A decisive break below may pull ETH toward $4,000 or even $3,850–$3,620 if bearish momentum accelerates.
Tech Indicators:
📉 MACD: Bearish momentum strengthening
📉 RSI: Below 50, showing sellers in control
⚠️ Short-term outlook: ETH must reclaim $4,320–$4,350 to avoid deeper declines. Failure here risks a slide toward the psychological $4,000 level.
