Ethereum (ETH) has fallen by 6.1% in the last 24 hours, falling below USD 4,300 after Bulls did not defend the key resistance zone worth USD 4,500. The decrease occurred despite fresh institutional purchases, and Bitmine is subject to Tom Lee by buying ETH worth about $ 84 million in just 24 hours, raising his shares to over $ 2.15 million coins.
Aggressive Bitmine accumulation, made in five separate tranches, proves the growing institutional adoption. However, the market remains in the “FADE-The-Rally” mode, because short-term traders are still selling strength.
Fed reduced rates reflected
Ethereum (ETH) Initially enriched above 4,600 USD after the US Federal Reserve announced a reduction in the rate of 25 database and suggested a more pliable politics path on 2025. But the rally quickly lost the momentum, with increased pressure, because unrealized profits among immense owners achieved levels recently seen in 2021.
ETH's price records major losses on the daily chart. Source: ETHUSD on Tradingview
The flows on the chain indicate that more ETH goes from setting contracts to centralized exchanges, signaling caution between whales. Similarly low network fees show muffled demand for a chain, strengthening the bears tiny -term sentiments.
Technical perspectives: Ethereum test (ETH) $ 4000
From a technical point of view, Price ethereum The action changed negatively after breaking below 50-SMA (USD 4,52) and 200 SMA (USD 4,396) on a two-hour chart. Analysts note that the division candle resembled a pattern of marubozu, a powerful bear, which often precedes a further disadvantage.
The relative force indicator (RSI) fell on levels near 18, which suggests that the conditions are stretched, but not yet stubborn. Direct inheritance goals are USD 4,242, USD 4,159 and potentially USD 4,065 if sales pressure is maintained.
Routine re -test from the team 4 395–4502 USD is expected; Lack of recovery of this level can pave the way to a decline in support of USD 4000.
In the case of bulls, only decisive recovery above USD 4502 would return to 4588 USD and 4,699 USD. Until then, traders are recommended to treat rallies as a possibility of returning, not signs of recovery.
Tiny -term pain, long -term belief
Despite the tiny -term weakness, institutional accumulation still supports the long -term boost in Ethereum. The latest takeover of Bitmine shows that investors deeply in their pockets are still betting on ETH growth, even as tiny -term variability disturbing retail traders.
The wider market remains tender, z Bitcoin Laying around $ 114,000 and main altcoins, such as XRP, Solana and Dogecoin, also fall. Analysts believe that the coming week, marked by the speech of the chairman of Fed Powell and key economic reports in the USA, can affect the next significant Ethereum movement.
For now, ETH Bulls is facing a tough challenge: unless $ 4,500 is not recovered significantly, the most likely direction remains towards 4000 USD.
Chatgpt cover picture, Ethusd Chart from TradingView
