Ethereum Prices Take a Tumble – Is the Crypto Sky Falling? 🐻💸

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Ah, Ethereum, that ever-elusive bellwether of the crypto world, has decided to take a little vacation below the $4,350 mark. It seems this digital currency isn’t just relaxing; it might be heading for a dramatic downward spiral near the $4,020 support zone. Buckle up, folks! 🚀

  • In what can only be described as the beginning of a new chapter in Ethereum’s memoir, we see it start a nice little decline below $4,350 and $4,220.
  • Just to reiterate, it’s trading beneath $4,350 and, surprise, surprise, the 100-hourly Simple Moving Average-because who doesn’t love complex terminology?
  • A bearish trend line has appeared, cruise control at $4,350 on the ETH/USD hourly chart (courtesy of our friends at Kraken-thank you, Kraken!).
  • If it manages to settle below the $4,120 zone, well, let’s just say there might be more downward fun in store.

Oh, Look! Another Dip!

In an apparent race to the bottom, Ethereum has failed to regain composure after plummeting below the $4,550 mark, joining Bitcoin in this rather unfortunate trend. ETH’s latest plummet saw it tumble beneath the $4,350 support zone. Talk about dramatic flair! 🎭

As if that wasn’t enough, the bearish brigade has successfully pushed the price below $4,250, descending to test the $4,065 zone. There’s even a low formed at $4,065, which is as delightful as it sounds-consolidating losses like a pro! 🎢

Currently, Ethereum is sulking beneath $4,250 and the 100-hourly Simple Moving Average (because clearly, it needs more glamorous metrics). If it’s looking for silver linings, resistance looms near the $4,185 level, with the next formidable barrier at $4,320-like trying to get out of a dead-end alley.

The main obstacle, the great wall of resistance, hovers around the $4,350 mark. If Ethereum manages a miraculous escape from this trap, it could aim for $4,385 like a hopeful contestant on a game show!

Ethereum Chart

A unlikely upswing above $4,385 might spark a celebratory dance toward the $4,500 resistance zone. Or at least that’s what the optimistic commentators would lead us to believe.

Will ETH Keep Plummeting? Who Knows? 🤷‍♂️

If Ethereum doesn’t find a way to break through the $4,320 gatekeeper, it quite possibly could slide down further into the abyss. Initial support is lurking around the $4,065 region, with the first major safe haven at $4,020. Think of it like a safety net-albeit a very frayed one.

A stark descent below $4,020 might send the price careening toward $4,000-a number that’s less glorious and more ominous. Further misadventures might reduce it to $3,850 in no time. Heaven help us, $3,620 could soon become a very real concern as well.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is revving up its engines in bearish territory (go team bear!).

Hourly RSI – Currently doing the limbo below the 50 mark. How low can you go?

Major Support Level – $4,020 (or as I like to call it, the last line of defense).

Major Resistance Level – $4,350 (good luck with that!).

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2025-08-20 07:01