Ethereum $ETH is struggling to hold its recent gains and has slipped back below $4,620. The next few sessions are critical—bulls need a decisive breakout to keep the rally alive.
Market Overview
ETH is trading under $4,600 and the 100-hour Simple Moving Average (SMA).
A downtrend line is capping price near $4,580 on the hourly chart.
To regain momentum, ETH must break above $4,580 and then $4,620.
Bullish Outlook
A strong move above $4,620 could trigger fresh buying pressure.
Key upside targets:
$4,665 – first resistance zone
$4,720 – $4,740 – next target area
A clean break beyond these levels could open the door to a stronger rally.
Bearish Risks
If ETH fails to clear $4,580, sellers may take control again.
Critical supports to watch:
$4,480 – initial support
$4,450 – key Fib level
A decisive drop below $4,450 could drag ETH toward $4,380, and possibly $4,320 – $4,250.
Technical Signals
MACD: Losing bullish momentum.
RSI: Below 50, showing weakening strength.
📌 Key Levels
Major Support: $4,450
Major Resistance: $4,580
Ethereum is at a make-or-break point. A breakout above $4,620 could kick off the next leg higher, while a fall below $4,450 would signal deeper downside ahead. Traders should watch these levels closely.
