Ethereum (ETH) Falls to $4,250: Do the Bulls Still Have a Chance?

Jakarta, Pintu News – Ethereum (ETH) price is under pressure again after failing to break the $4,650 resistance. According to technical analysis from NewsBTC, ETH is now trading below $4,400, with the potential for a move lower if key support does not hold.

Sharp Drop from $4,650

Ethereum briefly tried to extend its rally above $4,650, but failed and corrected sharply, breaking $4 ,600 and $4,550. The selling pressure continued until ETH formed a low at $4,264.

Currently, ETH is moving below the 100-hourly SMA, with a bearish trend line pattern forming around $4,450. This position confirms sellers’ dominance in the short term.

Also Read: 5 Shocking Facts About AVAX: Up 10.52% in 24 Hours, Price Breaks IDR 583,000!

Key Resistance: $4.350 – $4.450

In the event of a rebound, some key levels to watch are:

• First resistance: $4,350 (≈ Rp72.3 million)
• Key resistance: $4,450 (≈ Rp74 million)

If ETH is able to break and hold above $4,450, the price could rise towards $4,500-$4,620, approaching the 61.8% Fibonacci retracement level of the $4,637 → $4,264 decline.

Risk of Further Correction

Conversely, if ETH fails to break the $4,350-$4,450 resistance, then the risk of a deeper drop increases. Support levels to watch out for include:

• Initial support: $4,250 (≈ Rp70.7 million)
• Continued support: $4,220 (≈ Rp70.2 million)
• Main support: $4,150-$4,050 (≈ Rp69-Rp67.3 million)

Technical indicators are currently in favor of a bearish trend:

• ETH/USDMACD strengthened in the negative zone.
• TheRSI is below 50, signaling dominant selling pressure.

Conclusion

Ethereum is now at a critical point. If the price is able to break $4,450 again, the chances of a recovery towards $4,500-$4,620 are still open. However, failure to maintain the $4,250 support could deepen the correction to the $4,150-$4,050 area.

Investors are advised to monitor the movement of ETH in the coming sessions, as this level will determine the short-term market direction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Aayush Jindal, NewsBTC. Ethereum Price Dives – Can Bulls Step In Before More Damage Is Done? Accessed September 23, 2025