Ethereum Price Slides Below $4,500, Testing $4,050 Support
Ethereum price has slipped below key supports at $4,750 and $4,500, breaking a short-term bullish trendline and the 50-day moving average. After testing the $4,050 support area, ETH is now consolidating under the 100-hour and daily SMAs near $4,220. Immediate resistance stands at $4,220 and $4,250, with a stronger barrier at $4,400 (50% Fibonacci retracement).
Failure to recover above $4,220 could push Ethereum price toward support zones at $3,840 and $3,680. Conversely, a daily close above $4,400 may signal a rebound toward $4,750 and possibly $5,000. Technical indicators remain negative: the hourly MACD is below zero and the RSI sits under 50.
Traders should watch resistance levels at $4,250 and $4,400, and support at $4,050, for clues on market direction. A clear break above trendline resistance near $4,370 could also open the path for further recovery.
Bearish
Both articles highlight a series of lower lows and broken support levels, with Ethereum price slipping below key zones at $4,750 and $4,500 and failing to clear resistance near $4,220–$4,250. Technical indicators such as the hourly MACD and RSI remain negative, reinforcing short-term bearish momentum. The loss of the 50-day moving average and a breached bullish trendline further signal potential for extended downside toward $3,840 and $3,680. While a daily close above $4,400 could trigger a recovery, current market conditions favor downward pressure. Therefore, the overall impact on Ethereum price is categorized as bearish, suggesting traders prepare for continued sell-side bias in both the near term and possibly into longer-term consolidations.