{"id":88586,"date":"2025-08-15T03:08:02","date_gmt":"2025-08-15T03:08:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=88586"},"modified":"2025-08-15T03:08:02","modified_gmt":"2025-08-15T03:08:02","slug":"ethereum-price-corrects-lower-could-it-trigger-another-buying-spree","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=88586","title":{"rendered":"Ethereum Price Corrects Lower, Could It Trigger Another Buying Spree?"},"content":{"rendered":"

Ethereum price started a downside correction from the $4,780 zone. ETH is again rising from $4,480 and might attempt a steady increase.<\/em><\/p>\n

Ethereum started a fresh increase above the $4,520 and $4,550 levels.
\nThe price is trading above $4,550 and the 100-hourly Simple Moving Average.
\nThere is a bullish trend line forming with support at $4,500 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move up if it remains supported above the $4,500 zone in the near term.<\/p>\n

Ethereum Price Dips Remains Attractive<\/h2>\n

Ethereum price started a fresh increase above the $4,600 support zone, beating Bitcoin<\/a>. ETH price was able to climb above the $4,650 and $4,700 resistance levels.<\/p>\n

The bulls even pushed the price above the $4,720 resistance zone<\/a>. Finally, the price tested the $4,780 resistance zone. A high was formed at $4,782 and the price recently corrected gains below the 23.6% Fib retracement level of the upward move from the $4,170 swing low to the $4,782 high.<\/p>\n

However, the bulls were active near the $4,480 support. They protected the 50% Fib retracement level of the upward move from the $4,170 swing low to the $4,782 high. The price is again rising and showing positive signs.<\/p>\n

Ethereum price is now trading above $4,550 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $4,500 on the hourly chart of ETH\/USD. On the upside, the price could face resistance near the $4,640 level.<\/p>\n

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

The next key resistance is near the $4,680 level. The first major resistance is near the $4,720 level. A clear move above the $4,720 resistance might send the price toward the $4,780 resistance. An upside break above the $4,780 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,880 resistance zone or even $5,000 in the near term.<\/p>\n

Another Pullback In ETH?<\/h2>\n

If Ethereum fails to clear the $4,700 resistance, it could start a downside correction. Initial support on the downside is near the $4,550 level. The first major support sits near the $4,500 zone.<\/p>\n

A clear move below the $4,500 support might push the price toward the $4,400 support. Any more losses might send the price toward the $4,315 support level in the near term. The next key support sits at $4,250.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $4,500<\/p>\n

Major Resistance Level \u2013 $4,700<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction from the $4,780 zone. ETH is again rising from $4,480 and might attempt a steady increase. Ethereum started a fresh increase above the $4,520 and $4,550 levels. The price is trading above $4,550 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at […]<\/p>\n","protected":false},"author":0,"featured_media":88587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88586","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\/88586"}],"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=88586"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88587"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}