Ethereum Price Faces Mixed Signals as Bulls and Bears Battle Around $4,550
The daily chart for the Ethereum price shows a market caught between short-term bullish momentum and medium-term hesitation, with traders closely watching support and resistance zones that could dictate the next decisive move.
Ethereum Price Structure and Trend Outlook
Ethereum’s recent swing from $4,780 down toward $4,556 reflects heightened volatility as bulls attempt to defend higher levels while bears pressure the market lower. The 9-day EMA continues to hover above the 20-day EMA, suggesting short-term momentum still leans bullish.
Daily chart for WETH/USD (Source: GeckoTerminal)
However, the gap between the two averages has begun narrowing, reflecting fading strength from earlier rallies. This signals that while the Ethereum price retains upward bias, the trend is not entirely secure, and a corrective phase remains possible.
Momentum and Indicators
The RSI has cooled from elevated levels and now sits in the mid-range, pointing to balanced buying and selling pressures.
That reduces the risk of immediate overbought conditions but also suggests bulls have lost some of the dominance they held earlier in the rally.
Meanwhile, the MACD line remains above its signal but with shrinking histogram bars, indicating that bullish momentum is losing steam and could slip into bearish territory if sellers intensify.
Key Levels to Watch
On the upside, resistance remains firm at $4,749 and $4,832. Clearing these levels would confirm renewed bullish conviction and could open the door for a retest of higher territory.
On the downside, the Ethereum price has deeper support at $4,075, with secondary cushions at $3,747 and $3,628 if selling accelerates. These levels mark potential zones where dip buyers could return.
Order Book Dynamics
Order book data highlights a cluster of bid walls around $4,549–$4,550, with over $897,000 in cumulative buy orders. These walls provide short-term defense, but if broken, the Ethereum price could quickly slip another 0.4% toward lower supports.
On the other side, strong ask walls at $4,566–$4,572 cap near-term upside, holding over $930,000 in sell orders. A successful breach of these asks could add momentum and lift the price toward resistance levels, potentially sparking a short squeeze if bears are caught offside.
Trading Strategies
For long traders, a safer entry would be above the $4,572 ask wall, with targets set near $4,749 and $4,832. Stops should be placed just below the bid wall cluster to protect against rapid breakdowns.
Short traders, meanwhile, may look for rejection at the $4,749 resistance zone or signs of weakening above $4,566, targeting a move back into the $4,300–$4,075 region. The narrowing EMA spread and weakening MACD suggest momentum may favor short-term retracements before any sustained push higher.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
