Ethereum price fall comot below $4,500, dem dey test $4,050 support
Ethereum price don drop below key supports for $4,750 and $4,500, e break short-term bullish trendline plus the 50-day moving average. After e test the $4,050 support area, ETH dey now dey consolidate under the 100-hour and daily SMAs near $4,220. Immediate resistance dey at $4,220 and $4,250, with stronger barrier at $4,400 (50% Fibonacci retracement).
If e fail to recover above $4,220 fit push Ethereum price go support zones around $3,840 and $3,680. But if daily close pass $4,400, e fit mean say e go bounce back towards $4,750 and maybe $5,000. Technical indicators still dey negative: hourly MACD dey below zero and RSI dey under 50.
Traders suppose dey watch resistance levels $4,250 and $4,400, plus support for $4,050 for clues about market direction. Clear break above trendline resistance near $4,370 fit open road for further recovery.
Bearish
Both articles dey highlight series of lower lows and broken support levels, as Ethereum price slip below key zones at $4,750 and $4,500 and e no fit clear resistance near $4,220–$4,250. Technical indicators like the hourly MACD and RSI remain negative, wey dey reinforce short-term bearish momentum. Loss of the 50-day moving average and breached bullish trendline further show say e fit continue to go down reach $3,840 and $3,680. If daily close surpass $4,400 e fit trigger recovery, but the current market condition dey favor downward pressure. So, overall impact on Ethereum price be bearish, gidig traders make dem prepare for continued sell-side bias both short-term and possibly longer-term consolidation.