NewsBTC
20 August 2025
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Ethereum Price Declines Below $4,350 Amid Bearish Momentum

Ethereum price is experiencing a downturn, currently trading below $4,350 and showing signs of further decline.

  • ETH declined below $4,350 and $4,220 levels.
  • Price remains below $4,350 and the 100-hourly Simple Moving Average.
  • A bearish trend line is forming with resistance at $4,350.
  • If ETH settles below $4,120, further declines are likely.

Current Price Movement

The price has dropped below $4,550 and tested the $4,065 level. It is consolidating losses beneath the 23.6% Fibonacci retracement level from the recent decline.

Resistance levels include:

  • $4,185
  • $4,320 (near 50% Fib retracement)
  • $4,350 (major resistance)

Ethereum Price

For upside movement, a break above $4,385 could lead to gains towards $4,500 or $4,550.

Potential for Further Decline

If Ethereum does not surpass the $4,320 resistance, it may continue downward.

Support levels include:

  • $4,065
  • $4,020 (initial support)
  • $4,000 (below $4,020)
  • $3,850 (next significant support)
  • $3,620 (key support)

Technical indicators indicate bearish momentum:

  • MACD is gaining in the bearish zone.
  • RSI is below 50.