Ethereum on Edge 🚀 – Price Squeeze Signals Explosive Move
koinmilyoner
Updated at: 3 hours ago
{"content":"Ethereum on Edge 🚀 – Price Squeeze Signals Explosive Move
Ethereum price rose beyond $4,550. ETH is stabilizing and may break $4,640.
Ethereum has recovered over $4,580.
The price is over $4,600 and the 100-hour SMA.
The hourly ETH/USD chart shows a short-term contracting triangle with resistance around $4,620.
Above $4,620 and $4,640, the pair might rise again.
Ethereum Price May Rise
Like Bitcoin, Ethereum built a base above $4,420 and began a comeback. ETH settled above $4,500 and $4,520.
Price rose over $4,550 and $4,600 resistance. Bulls broke the 50% Fib retracement level of the negative wave from $4,765 swing high to $4,416 low. However, bears are active around $4,640.
Price is encountering barriers at the 61.8% Fib retracement level of the falling wave from $4,765 swing high to $4,416 low. Ethereum is over $4,550 and the 100-hour SMA.
Price may find resistance at $4,640 on the upside. Resistance around $4,685 is next. Near $4,765, serious resistance begins. A clean break over $4,765 might push the price above $4,840. Above $4,840 might lead to additional advances in the following sessions. Ether may grow to $4,880 or $4,920 in the short future.
ETH Pullback Again?
Ethereum may fall again if it fails to break $4,640. Near $4,580 is first downside support. First significant support is at $4,535.
A decisive break below $4,535 might bring the market into $4,465. More losses might push the price beyond $4,420. The next support is $4,350.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly ETH/USD RSI is over 50.
Major Support: $4,535.
Major Resistance: $4,640
#ETH #AltcoinSeasonComing? #FedRateCut25bps #BNBChainEcosystemRally #Write2Earn $BTC $ETH $BNB ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/19/e7dbbd643a2d4b18bddd2c52ffb25e9b.png"],"tags":[],"tradingPairs":["BNB/USDT"],"quotearticleid":0}