{"id":91890,"date":"2025-08-28T03:18:01","date_gmt":"2025-08-28T03:18:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91890"},"modified":"2025-08-28T03:18:01","modified_gmt":"2025-08-28T03:18:01","slug":"ethereum-price-faces-selling-pressure-bulls-eye-4600-comeback","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91890","title":{"rendered":"Ethereum Price Faces Selling Pressure, Bulls Eye $4,600 Comeback"},"content":{"rendered":"

Ethereum price started a fresh decline from the $4,630 zone. ETH is now showing bearish signs and might decline further below $4,460.<\/em><\/p>\n

Ethereum is struggling to settle above the $4,630 zone.
\nThe price is trading below $4,580 and the 100-hourly Simple Moving Average.
\nThere was a break below a rising channel with support at $4,600 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start another increase unless there is a close below $4,460 in the near term.<\/p>\n

Ethereum Price Faces Hurdles<\/h2>\n

Ethereum price started a downside correction<\/a> and tested the $4,310 zone, like Bitcoin<\/a>. ETH price found support and recently started a fresh increase.<\/p>\n

There was a move above the $4,400 and $4,420 levels. The price cleared the 23.6% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low. However, the bears were active near the $4,630 resistance zone.<\/p>\n

The 50% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low is acting as a hurdle. Recently, there was a break below a rising channel with support at $4,600 on the hourly chart of ETH\/USD. Ethereum price is now trading below $4,580 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price could face resistance near the $4,580 level. The next key resistance is near the $4,630 level. The first major resistance is near the $4,710 level.<\/p>\n

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

A clear move above the $4,710 resistance might send the price toward the $4,820 resistance. An upside break above the $4,820 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

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

If Ethereum fails to clear the $4,630 resistance, it could continue to move down. Initial support on the downside is near the $4,460 level. The first major support sits near the $4,420 zone.<\/p>\n

A clear move below the $4,420 support might push the price toward the $4,310 support. Any more losses might send the price toward the $4,240 support level in the near term. The next key support sits at $4,150.<\/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 $4,460<\/p>\n

Major Resistance Level \u2013 $4,630<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline from the $4,630 zone. ETH is now showing bearish signs and might decline further below $4,460. Ethereum is struggling to settle above the $4,630 zone. The price is trading below $4,580 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $4,600 […]<\/p>\n","protected":false},"author":0,"featured_media":91891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91890","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\/91890"}],"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=91890"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91891"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}