NewsBTC
Sep 29, 2025
25 3

Ethereum Price Recovers, Faces Key Resistance at $4,200

Ethereum Price Analysis:

  • Ethereum's price initiated a recovery, staying stable above $3,820.
  • The price is currently trading above $4,050 and the 100-hourly Simple Moving Average.
  • A break was recorded above a bearish trend line with resistance at $4,000 on the hourly ETH/USD chart.
  • The price could rise further if it surpasses the resistances at $4,170 and $4,200.

Current Market Situation

  • Ethereum's price recovered past the $3,880 and $4,000 resistance levels.
  • It moved above the 50% Fib retracement from the $4,275 swing high to the $3,826 low.
  • Resistance is anticipated near $4,150 and $4,170, aligning with the 76.4% Fib retracement level.

Ethereum Price

Potential Movements

  • If Ethereum clears the $4,200 resistance, it may target $4,250, with potential to reach $4,320 or $4,350.
  • Failure to surpass $4,200 could lead to a decline, with initial support at $4,050.
  • Further support levels are at $4,000, $3,920, $3,880, and $3,820.

Technical Indicators

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Positioned above the 50 zone.
  • Major Support Level: $4,050
  • Major Resistance Level: $4,200