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Ethereum Slips Toward $4,000 as Short-Term Correction Deepens

Bearish momentum plus nearby resistance signal downside risk unless $4,000 support holds.

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Overview

  • ETH trades around $4,170 after a 1.6% daily decline, losing the $4,200 handle during a broader market pullback.
  • An intraday low near $4,065 was recorded, with price below the 100-hour SMA and both MACD and RSI showing bearish readings.
  • Immediate support is clustered at $4,065 and $4,020–$4,000, with follow-on levels at $3,850 and $3,620 if sellers extend control.
  • Resistance sits at $4,185, $4,320, and a trendline near $4,350–$4,385; a clear break could reopen $4,500–$4,550.
  • Some analysis highlights the 21-day SMA near $4,000 as pivotal, warning of risk toward roughly $3,400 if it fails, or a rebound if it holds.