Ethereum’s Bull Run Shows Fatigue – Is the Momentum Shift Imminent?

Ethereum's relentless climb hits a wall as technical indicators flash warning signs. The second-largest cryptocurrency struggles to maintain its upward trajectory, leaving traders questioning whether the rally has run its course.

Technical Resistance Mounts

Key resistance levels continue to reject ETH's advances, with the $3,500 zone proving particularly stubborn. Trading volume declines as institutional interest appears to wane—never a good sign when traditional finance gets cold feet about digital gold.

Market Sentiment Shifts

Fear and greed indicators tilt toward caution as derivatives markets show reduced leverage demand. The smart money might be taking profits while retail investors keep hoping for new all-time highs—classic market behavior that usually ends with someone holding the bag.

Ethereum's fundamental strengths remain intact though. Network activity continues growing, and Layer 2 solutions are eating traditional finance's lunch. But even the best tech can't defy gravity forever when momentum fades and traders suddenly remember that 'number go up' isn't an investment strategy.

Ethereum Price Dips Again

Ethereum price started a fresh decline after it failed to clear the $4,765 zone, like Bitcoin. ETH price corrected gains and dipped below the $4,650 support.

There was a MOVE below the 50% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high. The bears were able to push the price below $4,550 and the 100-hourly Simple Moving Average. Besides, there is a bearish trend line forming with resistance at $4,610 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 $4,600 level. The next key resistance is near the $4,620 level.

The first major resistance is near the $4,650 level. A clear move above the $4,650 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 $4,765 resistance zone or even $4,800 in the near term.

Another Decline In ETH?

If ethereum fails to clear the $4,620 resistance, it could start a fresh decline. Initial support on the downside is near the $4,500 level. The first major support sits near the $4,460 zone and the 61.8% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high.

A clear move below the $4,460 support might push the price toward the $4,385 support. Any more losses might send the price toward the $4,350 pivot level in the near term. The next key support sits at $4,270.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

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

Major Support Level – $4,460

Major Resistance Level – $4,620