Ethereum Poised to Drop to $4,081 as Bears Dominate
Ethereum price has plunged from a recent peak above $4,900, with bears firmly in control and technical analyst Klejdi Cuni forecasting a further 10% decline to $4,081. The price broke below the $4,490 support level and briefly dipped under $4,300 before bouncing. Cuni’s analysis predicts steps down to $4,335, $4,215 and ultimately $4,081 if bearish momentum continues. Key resistance zones are identified at $4,500, previously a rejection point, and $4,650—a make-or-break level that could trigger a rebound if reclaimed. Bitcoin’s ongoing sell-off remains a major driver of market sentiment; although Ethereum has outperformed Bitcoin in the current downturn, a continued BTC slide could drag ETH lower. Uncertainty around the US dollar adds to downside risks. Traders will watch for rejection or reclaim of the $4,650 resistance to gauge whether the bearish trend will persist or a recovery rally can unfold.
Bearish
The report signals a bearish outlook for Ethereum price based on technical breakdowns and confirmed resistance rejections. The breach of the $4,490 support and failure to sustain levels above $4,300 echo past patterns where breaking key supports led to deeper corrections. The looming resistance at $4,500 and critical make-or-break level at $4,650 underscore the struggle between bears and bulls; failure to reclaim these zones historically triggers waves of sell orders. Ethereum’s correlation with Bitcoin further amplifies downside risk—prior episodes of BTC correction have dragged ETH lower, despite occasional outperformance. In addition, USD strength or volatility can compound selling pressure on crypto assets. In the short term, traders may remain cautious around resistance tests and could accelerate selling if momentum stays negative. Longer term, a reclaim of $4,650 with strong volume would be needed to shift sentiment. Until then, the market is likely to remain under bearish pressure, mirroring historical sell-offs after support breakdowns.