Ethereum Price Reach Peak for $4,765, Dey Struggle to Hold $4,650
Ethereum price shoot pass key resistance reach $4,765 peak but e no fit keep momentum, e fall back below support for $4,650, $4,620 and 100-hour SMA. Bearish trend line near $4,610 dey put more pressure down. If ETH wan continue e uptrend, e need overcome $4,620 and $4,650 to fit challenge $4,720, $4,765 and $4,800. For downside, first support dey at $4,550 and $4,520 (50% Fibonacci retracement), with strong support at $4,460 (61.8% Fib). If price close below $4,460, e fit push go $4,385, $4,350 and $4,270. Technical indicators show say hourly MACD dey lose bullish strength and RSI dey under 50, mean say plenty risk say price fit go down again. Traders suppose dey watch these resistance and support levels to sabi if price go start rally again or go continue dey loss.
Bearish
Ethereum price no fit hold gains after e peak $4,765 and e don drop below key support levels for $4,650 and $4,620. The breach of the 100-hour SMA plus bearish trend line near $4,610 dey show say buying pressure dey weak. Technical indicators like declining MACD and RSI below 50 dey point to more risk for downside short-term. Unless Ethereum price fit reclaim $4,620–$4,650, traders for prepare for possible moves to $4,460 and lower Fibonacci retracement levels.