Ethereum Price Correction? Momentum Weakens as Bears Target New Lows
Jakarta, Pintu News – Ethereum failed to continue its rise above $4,600 and declined. Currently, Ethereum (ETH) is moving lower and may extend losses below $4,400 in the short term.
Ethereum Price Drops Again
After rising past $4,620 and $4,650, similar to Bitcoin , Ethereum (ETH) price tried to break the $4,750 resistance zone before falling back down. A new low was formed at $4,414 and the price is currently consolidating losses. There is a small recovery wave above $4,500.
The price managed to rise past the 23.6% Fibonacci retracement level of the last drop from $4,759 to $4,414. However, the bears seem active near the $4,550 level. Moreover, there is a short-term up channel formed with support at $4,460 on the hourly chart of ETH/USD.
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Technical Analysis: Bearish Dynamics Strengthen
Currently, Ethereum (ETH) price is trading below $4,520 and the 100-hour simple moving average. Looking upwards, the price may face resistance near the $4,520 level. The next key resistance is near the $4,550 level. The first major resistance is near the $4,585 level or the 50% Fibonacci retracement level of the last drop from $4,759 to $4,414.
If it manages to cross the $4,585 resistance, the price could head towards the $4,620 resistance. In case of a breakout above the $4,620 area, it could trigger further gains in the coming sessions. In that scenario, Ethereum (ETH) could rise towards the $4,720 or even $4,750 resistance zone in the near future.
Potential for Further Decline
If Ethereum (ETH) fails to cross the $4,550 resistance, there could be a new drop. Initial support on the downside is near the $4,460 level. The first major support lies near the $4,420 zone. If the price moves below the $4,420 support, it could push the price towards the $4,320 support. Further losses would probably send the price to the $4,250 region in the near term. The next key support is located at $4,150.
Conclusion: Beware of Ethereum’s Potential Decline
With the hourly MACD indicator showing bearish momentum and the hourly RSI below the 50 zone, the chances of Ethereum (ETH) price decline seem greater. Investors and traders should pay attention to the support and resistance levels mentioned to anticipate the next price movement.
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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
- NewsBTC. Ethereum Price at Risk of More Losses Below $4,600. Accessed on October 10, 2025
