Ethereum Bulls Running Out of Steam – What’s Next If $4,400 Support Cracks?

Ethereum's momentum hits a wall as bullish forces weaken at critical resistance.

Key Support Under Pressure

The $4,400 level isn't just another number—it's the line in the sand separating confidence from concern. Break below that, and traders might witness a cascade of liquidations that could send ETH tumbling toward lower supports. Markets hate uncertainty almost as much as hedge funds hate admitting they were wrong.

Technical Signals Flash Warning

Volume drying up, momentum indicators rolling over—classic signs of exhaustion after a strong run. Without fresh buying pressure, even the most loyal HODLers start sweating. Remember: in crypto, sentiment shifts faster than a VC's investment thesis.

The Bigger Picture

Ethereum's fundamentals remain strong, but short-term price action often ignores fundamentals entirely. If $4,400 breaks, the next major support sits significantly lower—because nothing drops gently in crypto except maybe NFT trading volumes.

Ethereum Price Dips Again

Ethereum price started a recovery wave after it tested the $4,320 zone, like Bitcoin. ETH price was able to climb above the $4,400 and $4,450 resistance levels.

The price surpassed the 23.6% Fib retracement level of the key decline from the $4,955 swing high to the $4,310 low. However, the bears remained active NEAR the $4,630 resistance zone. There were two attempts, but the bulls failed to gain strength.

The 50% Fib retracement level of the key decline from the $4,955 swing high to the $4,310 low is acting as a barrier. The price reacted to the downside below $4,600. Besides, there was a break below a bullish trend line with support at $4,550 on the hourly chart of ETH/USD.

Ethereum price is now trading below $4,550 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,550 level. The next key resistance is near the $4,600 level. The first major resistance is near the $4,630 level.

A clear MOVE above the $4,630 resistance might send the price toward the $4,720 resistance. An upside break above the $4,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,800 resistance zone or even $4,880 in the near term.

More Losses In ETH?

If ethereum fails to clear the $4,550 resistance, it could continue to move down. Initial support on the downside is near the $4,440 level. The first major support sits near the $4,400 zone.

A clear move below the $4,400 support might push the price toward the $4,320 support. Any more losses might send the price toward the $4,250 support level in the near term. The next key support sits at $4,150.

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 – $4,400

Major Resistance Level – $4,550