NewsBTC
Sep 16, 2025
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Ethereum Price Declines Below $4,620 Amid Bearish Trend

Ethereum Price Update

  • Ethereum price declined from $4,765 and is now trading below $4,650.
  • Currently below the $4,620 mark and 100-hourly Simple Moving Average.
  • A bearish trend line shows resistance at $4,610 on the hourly ETH/USD chart.
  • Potential for a fresh increase if Ethereum settles above $4,620 and $4,650.

Ethereum Price

If Ethereum cannot clear the $4,620 resistance, it may face further declines:

  • Initial support is near $4,500.
  • Major support is at $4,460, linked with the 61.8% Fib retracement level.
  • A drop below $4,460 could lead to $4,385 or even $4,350.

Technical Indicators:

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Below the 50 zone.
  • Major Support Level: $4,460
  • Major Resistance Level: $4,620