Ethereum Price Slides Below $4,150, May Test $4,000
Ethereum price resumed its downtrend after failing to sustain gains above $4,320 and slipping below key supports at $4,150 and $4,120. Ethereum price now trades under the 100-hour SMA and beneath a bearish trend line at $4,360, with technical indicators—MACD in negative territory and RSI below 50—signaling continued downward pressure.
Immediate support lies at $4,050 and $4,000, and a decisive break below $4,000 could accelerate losses toward $3,880 and $3,750. On the upside, resistance levels at $4,150, $4,220 and $4,250 must hold to slow the decline, while a clear move above $4,360 is needed to reverse momentum.
Bearish
The current technical setup, with Ethereum price trading below the 100-hour SMA and a bearish trend line at $4,360, alongside negative MACD and RSI below 50, indicates persistent selling pressure. The break below key support levels at $4,150 and $4,120 suggests momentum remains in favor of sellers in the short term, with potential to test $4,000 and lower. If Ethereum price breaks below $4,000, it could trigger further downside toward $3,880 and $3,750, reinforcing the bearish outlook. In the long term, failure to reclaim resistance near $4,360 may deter bullish sentiment, prolonging the bearish trend until stronger technical signals emerge.