Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Ethereum tests $4,600 resistance amid mixed technical signals

Ethereum tests $4,600 resistance amid mixed technical signals

TheCryptoUpdatesTheCryptoUpdates2025/10/04 21:54
By:Timm

Current Market Position

Ethereum sits at $4,500 with a market capitalization of $543 billion and daily trading volume around $36.86 billion. The cryptocurrency has been moving between $4,446 and $4,583 throughout the day, showing some volatility despite the relatively stable appearance. I think this range tells us something important—traders aren’t quite settled on direction yet.

Chart Analysis and Key Levels

The daily chart shows Ethereum recovering from what looked like a capitulation zone around $3,820. That V-shaped rebound caught attention, especially with the volume patterns suggesting institutional interest. But now we’re facing resistance between $4,550 and $4,700, which has become a real sticking point.

Looking at shorter timeframes, the 4-hour chart reveals Ethereum cooling off after reaching about $4,596. It’s been shuffling sideways between $4,550 and $4,600, which honestly feels like the market catching its breath. The trend structure still leans bullish though, with strong volume around $4,100-$4,300 now acting as support.

On the 1-hour chart, things get more cautious. Despite that peak near $4,596, price action has settled into a range between $4,480 and $4,550. Volume has been fading, and we’re seeing lower highs stacking up. That $4,480 support level has been tested multiple times, which makes me wonder how much longer it can hold.

Technical Indicators and Moving Averages

Oscillator readings present a mixed picture. The RSI sits at 57.4, stochastic at 87.0, and CCI at 63.0—all basically neutral territory. The ADX at 19.5 confirms there’s no strong trend direction established yet. But the awesome oscillator at 19.2 and MACD at 5.1 both suggest bullish momentum underneath the surface.

Moving averages tell a more consistent story. All key SMAs and EMAs from the 10-day to 200-day are showing buy signals. The exponential moving average at $4,341.7 and simple moving average at $4,228.8 indicate immediate strength, while the longer-term averages around $3,000-$3,400 provide solid support for investors thinking about holding positions.

Market Outlook and Trading Considerations

Ethereum seems to be in a holding pattern, testing resistance while maintaining support levels. A decisive break above $4,600 could trigger movement toward $4,800, especially with the underlying bullish signals from moving averages and momentum indicators.

But there are warning signs too. The fading momentum and sideways action on shorter timeframes suggest some exhaustion. If that $4,480 support gives way, we might see a shift from consolidation to a downward move. For traders, watching how Ethereum handles these key levels—$4,480 support and $4,600 resistance—will probably determine the next significant move.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Mars Morning News | Federal Reserve officials divided on December rate cut, at least three dissenting votes, Bitcoin's expected decline may extend to $80,000

Bitcoin and Ethereum prices have experienced significant declines, with disagreements over Federal Reserve interest rate policies increasing market uncertainty. The mainstream crypto treasury company mNAV fell below 1, and traders are showing strong bearish sentiment. Vitalik criticized FTX for violating Ethereum’s decentralization principles. The supply of PYUSD has surged, with PayPal continuing to strengthen its presence in the stablecoin market. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/18 19:23
Mars Morning News | Federal Reserve officials divided on December rate cut, at least three dissenting votes, Bitcoin's expected decline may extend to $80,000

"Sell-off" countdown: 61,000 BTC about to be dumped—why is it much scarier than "Mt. Gox"?

The UK government plans to sell 61,000 seized bitcoins to fill its fiscal gap, which will result in long-term selling pressure on the market.

MarsBit2025/11/18 19:23
"Sell-off" countdown: 61,000 BTC about to be dumped—why is it much scarier than "Mt. Gox"?

A $500,000 lesson: He made the right prediction but ended up in debt

The article discusses a trading incident on the prediction market Polymarket following the end of the U.S. government shutdown. Star trader YagsiTtocS lost $500,000 by ignoring market rules, while ordinary trader sargallot earned more than $100,000 by carefully reading the rules. The event highlights the importance of understanding market regulations. Summary generated by Mars AI. This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit2025/11/18 19:23
A $500,000 lesson: He made the right prediction but ended up in debt

Vitalik's "Can't Be Evil" Roadmap: The New Role of Privacy in the Ethereum Narrative

While the market is still chasing the ups and downs of "privacy coins," Vitalik has already placed privacy on the technical and governance roadmap for Ethereum over the next decade.

深潮2025/11/18 18:03