NewsBTC
18 August 2025
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Ethereum Price Declines Below $4,650, Faces Potential Support at $4,200

Ethereum price is correcting downwards, trading below $4,650 and indicating potential further declines.

  • ETH has started a decline below the $4,650 and $4,620 levels.
  • Current trading is below $4,500 and the 100-hourly Simple Moving Average.
  • A bearish trend line forms with resistance at $4,520 on the hourly chart of ETH/USD.
  • The price may continue to drop if it settles below the $4,250 zone.

Market Movement Overview

Ethereum could not maintain upward momentum above $4,750, dropping below the $4,650 support. The bears pushed the price down past the $4,550 level, breaching the 61.8% Fib retracement from the recent swing low to high.

Currently, ETH trades near the 76.4% Fib retracement level of the earlier upward movement. Resistance levels are observed at $4,380, $4,440, and $4,500, with a significant move needed above $4,500 to approach $4,550.

Ethereum Price

Potential for Further Losses

If Ethereum cannot surpass the $4,500 resistance, further declines are likely. Initial support exists around $4,240, with major support at $4,200. A drop below this level could lead to a fall toward $4,180 or even $4,050 in the near term.

Technical Indicators:

  • Hourly MACD indicates increasing bearish momentum.
  • Hourly RSI is now below the 50 threshold.
  • Major Support Level: $4,200
  • Major Resistance Level: $4,500