Ethereum (ETH) Price Analysis: Bears Eye $4,000 Support as Momentum Weakens

Ethereum is currently trading around the $4,200 mark and appears quite bearish in the immediate short term. In our previous analysis, we highlighted how Ethereum was struggling to hold above the $4,500 level. Once the price broke below this level and flipped it into resistance, it triggered a significant drop toward the $4,100 mark. At present, ETH is still finding it difficult to build momentum and continues to trade below a crucial resistance zone. With this in mind, let’s take a closer look at the latest charts to understand where the price may be headed in the coming days.

Our Ethereum Price Prediction Summary

• Ethereum remains bearish as it struggles below $4,250 resistance and the 50 SMA.
• Key downside support sits at $4,000, with $3,800 as the next major level if it breaks.
• A move back above $4,250 could open the way for a retest of $4,500 and $4,800.

Analyzing the Charts

On the 4-hour timeframe, ETH faced strong rejection at the $4,500 resistance and dropped sharply. Although the price attempted to recover from that decline, it is now struggling to break past the $4,250 region, which has turned into resistance. The key support to watch is the $4,000 level, an area that has acted as both major support and strong resistance in the recent past. It is unlikely that the bulls will give up this level without a fight.

On the other hand, when we shift to the 1-day timeframe, the price is still trading within the same consolidation zone highlighted in our previous analyses. Even with the recent sell-off the price is yet to move out of this sideways continuation it has been respecting for the past month.

On the daily timeframe, the levels to watch remain similar. The immediate resistance is at $4,250, with further resistance at $4,500 and the main hurdle at $4,800. For now, the focus is on $4,250, where bears are likely to apply pressure. On the downside, the key support is at $4,000, but if that level breaks, a major support region sits just above $3,800, which could help the price regain momentum. It is also important to note that ETH is currently trading below the 50 SMA (Simple moving average), a signal that often points to further downside. This is why our current Ethereum price prediction is learning bearish.

Final Takeaway: What is Next for Ethereum (ETH)?

Ethereum is currently under pressure, with multiple indicators pointing to weakness in the short term. The price continues to trade below key resistance levels while struggling to build momentum, and the move under the 50 SMA adds to the bearish outlook. The immediate levels to watch are $4,250 on the upside and $4,000 on the downside. If ETH manages to reclaim $4,250, it could open the door for a retest of $4,500 and possibly $4,800. However, if $4,000 fails to hold, the next major support sits near $3,800. For now, the charts suggest that Ethereum may face further downside pressure before any sustained recovery can take shape.