Ethereum Faces Resistance Below $4,450 as Price Struggles to Recover

Ethereum Price Update

Ethereum price is attempting to recover above $4,300 but faces challenges.
Current trading is below $4,400 and the 100-hourly Simple Moving Average.
A bearish trend line with resistance at $4,370 is present on the hourly chart.
Resistance levels are identified at $4,450 and $4,500; a close above these may lead to further gains.
If unable to break $4,450, ETH could decline toward $4,250, with major support at $4,215.

Technical indicators show bearish momentum in the MACD and an RSI below 50.