Ethereum Price Faces Bearish Pressure, $4,220 Support Focus
Ethereum price remains under bearish pressure after failing to sustain a move above $4,500 and retreating below the 100-hour Simple Moving Average near $4,400. A short-term descending channel with resistance at $4,310 and a bearish trend line near $4,380 is capping upside. Bulls need a decisive close above $4,350 to shift momentum. Immediate barriers lie at $4,320 and $4,360 (50% Fib). A clear break above $4,420 could open the path to $4,500 and $4,550. On the downside, initial support sits at $4,260, with major support at $4,220, then $4,200, $4,160 and $4,120. Hourly MACD shows growing bearish momentum and RSI remains below 50, indicating downside risk. Traders should monitor key support and resistance levels for breakout confirmation or further declines.
Bearish
The unified analysis indicates that Ethereum price continues to face downward momentum after multiple failed breakouts above key resistance levels and the 100-hour SMA. Both hourly MACD and RSI point to increasing bearish sentiment, highlighting risk of further declines toward major support at $4,220 and below. In the short term, traders may see continued selling pressure unless Ethereum price secures a decisive close above $4,350. Over the longer term, sustained bearish momentum could deter buyers and pressure market stability until meaningful technical recovery signals emerge. Therefore, the immediate impact on Ethereum trading is categorised as bearish.