{"id":89749,"date":"2025-08-20T03:18:18","date_gmt":"2025-08-20T03:18:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89749"},"modified":"2025-08-20T03:18:18","modified_gmt":"2025-08-20T03:18:18","slug":"ethereum-price-extends-losses-is-a-bigger-correction-underway","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89749","title":{"rendered":"Ethereum Price Extends Losses \u2013 Is a Bigger Correction Underway?"},"content":{"rendered":"

Ethereum price started a downside correction below the $4,350 zone. ETH is still showing some bearish signs and might decline toward the $4,020 support zone.<\/em><\/p>\n

Ethereum started a fresh decline below the $4,350 and $4,220 levels.
\nThe price is trading below $4,350 and the 100-hourly Simple Moving Average.
\nThere is a bearish trend line forming with resistance at $4,350 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it settles below the $4,120 zone in the near term.<\/p>\n

Ethereum Price Dips Further<\/h2>\n

Ethereum price failed to recover and started a fresh decline below the $4,550 zone, like Bitcoin<\/a>. ETH price gained bearish momentum and traded below the $4,350 support zone.<\/p>\n

The bears were able to push the price below the $4,250 support zone<\/a>. Finally, the price tested the $4,065 zone. A low was formed at $4,065 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low.<\/p>\n

Ethereum price is now trading below $4,250 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,185 level. The next key resistance is near the $4,320 level. It is close to the 50% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low.<\/p>\n

The first major resistance is near the $4,350 level. There is also a bearish trend line forming with resistance at $4,350 on the hourly chart of ETH\/USD. A clear move above the $4,350 resistance might send the price toward the $4,385 resistance.<\/p>\n

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

An upside break above the $4,385 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term.<\/p>\n

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

If Ethereum fails to clear the $4,320 resistance, it could continue to move down. Initial support on the downside is near the $4,065 level. The first major support sits near the $4,020 zone.<\/p>\n

A clear move below the $4,020 support might push the price toward the $4,000 support. Any more losses might send the price toward the $3,850 support level in the near term. The next key support sits at $3,620.<\/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 $4,020<\/p>\n

Major Resistance Level \u2013 $4,350<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction below the $4,350 zone. ETH is still showing some bearish signs and might decline toward the $4,020 support zone. Ethereum started a fresh decline below the $4,350 and $4,220 levels. The price is trading below $4,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":89750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89749","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\/89749"}],"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=89749"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89750"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}