22 August 2025
0 0
Ethereum Price Recovers Above $4,250 but Faces Resistance at $4,300
Ethereum Price Update
- Ethereum is recovering above $4,200 and $4,250.
- Current trading price is below $4,320 and the 100-hourly Simple Moving Average.
- A bearish trend line is forming with resistance at $4,300.
- If ETH settles below $4,180, it may continue to decline.
Market Analysis
Ethereum experienced a decline after closing below $4,200, reaching a low of $4,065. A recovery wave has begun above the 23.6% Fib retracement level from the recent decline.
Resistance levels include:
- $4,300
- $4,350 (61.8% Fib retracement)
- $4,385 (major resistance)
- $4,450 (next key resistance)
Should Ethereum break above $4,450, potential gains could push prices toward $4,500 or $4,550.
Downside Risks
If Ethereum cannot surpass $4,300, initial support is at $4,220, followed by major support at $4,180. A drop below $4,180 could lead to further declines towards $4,120 and $4,065, with the next critical support at $4,000.
Technical Indicators
- Hourly MACD shows decreasing bearish momentum.
- Hourly RSI is above 50.
Major Support Level: $4,180
Major Resistance Level: $4,385