Ethereum Dips 8%—Traders Yawn as Bull Run Stays Intact

ETH’s cool-off from $3,900 sparks zero panic—liquidity pools still overflowing with diamond hands.

Key levels to watch: $3,650 acts as springboard support while institutional wallets keep accumulating. (Wall Street analysts, meanwhile, still can’t tell the difference between a smart contract and a Starbucks loyalty card.)

The pullback? Textbook profit-taking after a 72% quarterly surge. Chain data shows derivatives traders flipping long rather than fleeing—a telltale sign this dip’s getting bought.

Ethereum Price Dips

Ethereum price remained supported above the $1,750 zone and started another increase, like Bitcoin. ETH climbed above the $1,800 and $1,820 resistance levels to set the tone for a larger increase.

The bulls even pushed the price above $1,865. A high was formed at $1,873 and the price recently started a downside correction. There was a move below the $1,820 and $1,800 levels. The price dipped below the 50% Fib retracement level of the upward move from the $1,734 swing low to the $1,873 high.

Ethereum price is now trading below $1,820 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $1,835 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles NEAR the $1,820 level. The next key resistance is near the $1,840 level. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,820 resistance, it could start a fresh decline. Initial support on the downside is near the $1,785 level and the 61.8% Fib retracement level of the upward move from the $1,734 swing low to the $1,873 high. The first major support sits near the $1,765 zone.

A clear move below the $1,765 support might push the price toward the $1,735 support. Any more losses might send the price toward the $1,720 support level in the near term. The next key support sits at $1,650.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,765

Major Resistance Level – $1,840