After the Ethereum price broke through 4220 USD, it encountered resistance. The key resistance level of 4400 USD has become the dividing line between bulls and bears | ETH price prediction

Ethereum has started a rebound from the 4050 USD support level, successfully reclaiming the 4220 USD mark but facing a dense resistance area at 4400 USD. The hourly chart shows that ETH has formed a bearish trendline at 4355 USD, and the price continues to stay below the 100-hour moving average. Technical indicators show that the MACD's momentum is weakening in the short positions area, and the RSI has just returned to the neutral zone at 50. Both bulls and bears will make a directional choice in the 4380-4220 range. If it breaks below the 4220 key support, it may dip to 4050 or even the psychological level of 4000.

[technical resistance suppresses rebound space]

(Source: TradingView)

The price of Ethereum continues to fall after breaking below the support level of $4250, dipping to the area of $4065 before starting a rebound. The current price has risen above the 23.6% Fibonacci retracement level (from the high of $4580 to the low of $4065), but faces strong resistance from short positions around $4350. This position coincides with the critical resistance at the 61.8% Fibonacci retracement level, and a bearish trend line has formed on the hourly chart at the resistance level of $4355. Currently, the trading price of ETH is below $4355 and the 100-hour simple moving average, and a sustained breakout above the resistance level of $4380 is needed to reverse the downturn.

[Analysis of Key Breakthrough Target Levels] If the initial resistance at $4350 is successfully broken, the next key resistance level is in the $4380 area. The important resistance zone is concentrated around $4460, and a clear breakthrough of this level could drive the price to test the $4500 resistance level. Effectively standing above $4500 will open up short-term upward space, with the next target pointing to the $4550-4565 range. Bulls need to continuously increase volume to break through these technical levels to confirm the continuation of the rebound.

[Downside Risks and Support Analysis] If Ethereum fails to break through the resistance level of $4380, it may continue the downward trend. The primary support level recently is near $4240, with the important support range concentrated in the $4200 area. If it clearly breaks below the $4200 support, it may push the price down to the $4120 support level; further breaking could test the strength of the $4050 support. The key psychological support level is at the $4000 mark, which will become an important battleground for both bulls and bears.

[Technical Indicator Signal Interpretation] The hourly MACD indicator shows that short positions momentum is weakening. Although it is still in the bearish zone, the downward pressure has eased. The RSI indicator has just returned above the 50 neutral zone, indicating a slight improvement in market sentiment. It is important to pay attention to whether these technical indicators can continue to improve, especially whether the MACD can form a golden cross breakout signal. Changes in trading volume will be a key factor in confirming the validity of the breakout.

[Conclusion]: Ethereum is currently at a critical technical decision point, and the breakout direction in the $4380-$4220 range will determine the short-term trend. Traders should focus on the defense of the $4200 support level; if it fails, it may trigger a deeper adjustment. An upward move requires a sustained increase in volume to break through the $4380 resistance to confirm the continuation of the rebound. It is recommended to assess the overall trend of Bitcoin and market sentiment for comprehensive judgment. Strictly control position risk and set reasonable stop-loss protection.