Ethereum forming a base - Key levels that could trigger a rally

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10 Sep 2025 03:08

The price of Ethereum started a new decline below the $4,450 zone. ETH is now consolidating and could aim for a new increase if it surpasses $4,380.

  • Ethereum continues to struggle to recover above the $4,400 zone.
  • The price is trading below $4,380 and the 100-hour Simple Moving Average.
  • There is a key downward trend line forming with resistance at $4,340 on the hourly chart of ETH/USD.
  • The pair could initiate a wave of recovery if it establishes above $4,350 and $4,380.

Ethereum faces obstacles

The price of Ethereum began a recovery wave after forming a base above the $4,260 zone, similar to Bitcoin. ETH managed to rise above the resistance levels of $4,320 and $4,350 before sellers appeared.

I was frustrated to see how the price could not surpass the level of $4,385. A high was formed at $4,387 and the price began to drop again. There was a move below the support level of $4,320. The recent low was formed at $4,268 and now the price is consolidating losses above the 23.6% Fibonacci retracement level of the recent drop from the high of $4,387 to the low of $4,268.

The price of Ethereum is now trading below $4,350 and the 100-hour Simple Moving Average. At the top, the price could face resistance near the $4,340 level. Additionally, there is a key descending trendline forming with resistance at $4,340.

The next key resistance is near the $4,360 level or the 76.4% Fibonacci retracement level. The first significant resistance is near the $4,385 level. A clear move above the $4,385 resistance could send the price towards the $4,420 resistance. A bullish breakout above $4,420 could generate more gains. In that case, Ether could rise towards the $4,500 resistance zone or even $4,550 in the short term.

More drops in ETH?

If Ethereum fails to break the resistance at $4,340, it could begin a new decline. The initial support is near the $4,265 level. The first significant support is located near the $4,220 zone.

A clear move below the support of $4,220 could push the price towards the support of $4,200. More losses could send the price down to the support level of $4,160 in the short term. The next key support is at $4,120.

Technical Indicators

MACD Hourly – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now near the 50 zone.

Main Support Level – $4,260

Main Resistance Level – $4,385

Disclaimer: For informational purposes only. Past performance does not indicate future results.

ETH-1.09%
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