$BTC $ETH $XRP Ethereum Takes a Breather — Is a Rebound Coming? 🔥

After a strong rally, Ethereum is cooling down below $4,650, raising questions — is this just a dip, or the calm before another breakout?

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📉 Current Market Situation

• ETH slipped back under $4,650 and $4,620

• Trading below $4,500 and the 100-hour SMA — a short-term bearish signal

• A downward trendline is forming resistance near $4,520

Unlike Bitcoin, Ethereum failed to push past $4,750 and sellers took control.

Price retraced sharply, dropping through the $4,550 support zone, and is now hovering around the 76.4% Fib level ($4,170 → $4,782).

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📊 Key Resistance Levels Ahead

• $4,380 – initial hurdle

• $4,440 – next major resistance

• $4,500 – critical breakout zone 🚩

✅ If ETH manages a clean breakout above $4,500 – $4,550, momentum could flip bullish again — potentially targeting $4,650 → $4,720 in the short term.

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🚨 Downside Risk — More Pain Coming?

If Ethereum fails to reclaim $4,500 soon:

• Support starts at $4,240

• Major support sits at $4,200

• Break below $4,200 → ETH could slide to $4,180, or even $4,050 – $4,000

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🔧 Technical Indicators

• MACD → Bearish momentum increasing

• RSI → Trading below 50 (sellers slightly stronger)