Ethereum Pullback Shallow 💎 – Key Supports Could Ignite Fre
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Updated at: 2 hours ago
{"content":"Ethereum Pullback Shallow 💎 – Key Supports Could Ignite Fresh Rally 🚀
Ethereum price renewed its rise over $4,700. ETH is reversing gains and may rise again if $4,685.
Ethereum wants to rise beyond $4,650.
The price is over $4,550 and the 100-hour SMA.
The hourly ETH/USD chart broke below a positive trend line with support around $4,660.
Above $4,650 and $4,685, the pair might rise again.
Ethereum Price May Rise
Like Bitcoin, Ethereum price rose after forming a base over $4,350. ETH price broke $4,550 and $4,650 barrier.
The price exceeded $4,700. After hitting $4,765, the price is consolidating. A slight retreat occurred below the 23.6% Fib retracement line of the $4,268 swing low to $4,765 high upward rise.
Additionally, ETH/USD's hourly chart broke below a bullish trend line with support at $4,660. Ethereum is over $4,550 and the 100-hour SMA.
Price may find resistance at $4,650 on the upside. Resistance around $4,685 is next. Near $4,700 is the first significant resistance. A clean break over $4,700 might push the price above $4,750. Above $4,750 barrier might lead to greater advances in the following sessions. Ether may soar to $4,820 or $4,880 soon.
Another ETH Drop?
Ethereum may decrease if it fails to break $4,685 barrier. At $4,550, negative support begins. The first key support is at $4,520, the 50% Fib retracement level of the upward advance from $4,268 swing low to $4,765 high.
A decisive break below $4,520 might bring the price below $4,420. More losses might push the price beyond $4,350. The next support is $4,270.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly RSI: ETH/USD is below 50.
Major Support: $4,550
Major Resistance: $4,685
#ETHReclaims4700 #AltcoinSeasonComing? #FedRateCutExpectations #ETHWhaleWatch #Write2Earn $ETH $BTC $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/15/95ab9481dcaa4ceb9f13b711bbfed940.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}