Ethereum Price Faces Tough Road – Is a Massive Breakout Still Imminent?
Ethereum bulls hit a wall—again. The second-largest cryptocurrency struggles to find momentum despite solid fundamentals.
Technical Headwinds Mount
Resistance levels hold firm around key psychological barriers. Trading volume dips as institutional players watch from the sidelines, waiting for clearer signals.
Market Sentiment Shifts
Whale activity slows while retail investors chase newer, shinier tokens—because nothing says 'sound investment' like following hype cycles. The smart money knows patience beats panic every time.
Breakout Potential Remains
Network upgrades and scaling solutions continue brewing beneath the surface. When momentum shifts, it shifts fast. History shows crypto doesn't do gradual—it erupts.
Ethereum's dance with resistance continues. Sometimes the market takes the stairs up and the elevator down. Other times it just waits for traders to lose patience before making its move.
Ethereum Price Eyes Upside Break
Ethereum price started a recovery wave after it tested the $4,220 zone, like Bitcoin. ETH price was able to climb above the $4,250 and $4,300 resistance levels.
The recent low was formed at $4,258 and the price is now consolidating losses. It is trading near the 50% Fib retracement level of the recent decline from the $4,416 swing high to the $4,258 low. A base seems to be forming above the $4,250 level, but the bears might remain active near the $4,400 resistance zone.
Ethereum price is now trading below $4,400 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,380 on the hourly chart of ETH/USD.
On the upside, the price could face resistance near the $4,355 level or the 61.8% Fib retracement level of the recent decline from the $4,416 swing high to the $4,258 low. The next key resistance is near the $4,380 level and the trend line. The first major resistance is near the $4,415 level.
A clear MOVE above the $4,415 resistance might send the price toward the $4,480 resistance. An upside break above the $4,480 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,580 in the near term.
Another Decline In ETH?
If ethereum fails to clear the $4,415 resistance, it could continue to move down. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,220 zone.
A clear move below the $4,220 support might push the price toward the $4,165 support. Any more losses might send the price toward the $4,120 support level in the near term. The next key support sits at $4,050.
Technical Indicators
Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSIThe RSI for ETH/USD is now near the 50 zone.
Major Support Level – $4,250
Major Resistance Level – $4,415