๐จ $ETH Downtrend Gains Strength โ Is $4,000 the Next Stop? ๐ป
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 $4,350โ$4,385. A break above could fuel a rally to $4,500โ$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 $3,850โ$3,620 if bearish momentum accelerates.
Tech Indicators:
๐ MACD: Bearish momentum strengthening
๐ RSI: Below 50, showing sellers in control
โ ๏ธ Short-term outlook: ETH must reclaim $4,320โ$4,350 to avoid deeper declines. Failure here risks a slide toward the psychological $4,000 level.
