NewsBTC
Oct 29, 2025
11 3

Ethereum Price Declines Below $4,000 Amid Downside Correction

Ethereum Price Update

  • Ethereum's price has started a correction, moving below $4,250 and now trading under $4,000.
  • The price is below the 100-hourly Simple Moving Average (SMA) and encountered resistance at $4,040.
  • A break occurred below a bullish trend line with support at $4,100 on the ETH/USD hourly chart.
  • Current major resistance levels are at $4,080 and $4,120. Overcoming these could lead to a rise toward $4,200.

Ethereum Price

Potential Downside for Ethereum

  • If unable to surpass $4,080, Ethereum might decline further.
  • Initial support is around $3,950, with significant support at $3,920.
  • A drop below $3,920 may bring the price towards $3,880 or even $3,840.
  • Technical indicators show bearish momentum in the MACD and an RSI below 50.

Support Level: $3,920

Resistance Level: $4,080