{"id":108571,"date":"2025-10-29T03:08:34","date_gmt":"2025-10-29T03:08:34","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=108571"},"modified":"2025-10-29T03:08:34","modified_gmt":"2025-10-29T03:08:34","slug":"ethereum-turns-lower-market-sentiment-softens-as-4k-level-gives-way","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=108571","title":{"rendered":"Ethereum Turns Lower \u2014 Market Sentiment Softens As $4K Level Gives Way"},"content":{"rendered":"

Ethereum price started a downside correction from $4,250. ETH is moving lower below $4,000 and might decline further if it trades below $3,920.<\/em><\/p>\n

Ethereum started a downside correction below $4,150 and $4,050.
\nThe price is trading below $4,050 and the 100-hourly Simple Moving Average.
\nThere was a break below a bullish trend line with support at $4,100 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it trades below $3,920.<\/p>\n

Ethereum Price Starts Downside Correction<\/h2>\n

Ethereum price extended gains above the $4,050 level, like Bitcoin<\/a>. ETH price even surpassed $4,200 before the bears appeared. A high was formed at $4,252 and the price recently started a downside correction.<\/p>\n

There was a move below the $4,120 and $4,050 levels. The price dipped below the 50% Fib retracement level of the recent wave from the $3,708 swing low to the $4,252 high. Moreover, there was a break below a bullish trend line with support at $4,100 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading below $4,080 and the 100-hourly Simple Moving Average<\/a>. If there is another increase, the price could face resistance near the $4,040 level. The next key resistance is near the $4,080 level.<\/p>\n

<\/a><\/p>\n

The first major resistance is near the $4,120 level. A clear move above the $4,120 resistance might send the price toward the $4,200 resistance. An upside break above the $4,200 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,240 resistance zone or even $4,250 in the near term.<\/p>\n

More Losses In ETH?<\/h2>\n

If Ethereum fails to clear the $4,080 resistance, it could start a fresh decline. Initial support on the downside is near the $3,950 level. The first major support sits near the $3,920 zone and the 61.8% Fib retracement level of the recent wave from the $3,708 swing low to the $4,252 high.<\/p>\n

A clear move below the $3,920 support might push the price toward the $3,880 support. Any more losses might send the price toward the $3,840 region in the near term. The next key support sits at $3,780.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n

Major Support Level \u2013 $3,920<\/p>\n

Major Resistance Level \u2013 $4,080<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction from $4,250. ETH is moving lower below $4,000 and might decline further if it trades below $3,920. Ethereum started a downside correction below $4,150 and $4,050. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support […]<\/p>\n","protected":false},"author":0,"featured_media":108572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-108571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108571"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108571"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/108572"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}