NewsBTC
Sep 18, 2025
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Ethereum Price Recovers Above $4,580 Approaching Key Resistance Levels

Ethereum Price Overview

  • Ethereum's price is recovering above the $4,550 zone, showing positive signs for further increase.
  • Currently trading above $4,580 and the 100-hourly Simple Moving Average.
  • A bullish break occurred above a bearish trend line at $4,550 on the hourly chart of ETH/USD.
  • The price may start a new upward trend if it surpasses $4,640 and $4,700.

Key Levels and Potential Movement

  • Resistance is expected near $4,635, coinciding with the 61.8% Fib retracement level from $4,765 to $4,416.
  • Further resistance levels are at $4,680 and $4,720. A breakout above $4,720 could push the price towards $4,750.
  • Overcoming $4,750 might lead to gains up to $4,850 or $4,880.

Ethereum Price

Potential Decline Scenario

  • If Ethereum fails to breach the $4,680 resistance, it may decline.
  • Initial support lies around $4,580, with major support at $4,535.
  • A drop below $4,535 could push the price towards $4,500, with further declines to $4,420 or $4,350 possible.

Technical Indicators

  • Hourly MACD: Gaining momentum in the bullish zone.
  • Hourly RSI: Above the 50 mark, indicating strength.

Support and Resistance Levels

  • Major Support Level: $4,535
  • Major Resistance Level: $4,680