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