Ethereum Falls Below $4K Support Following Bearish Indicator
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Technical Warning for Ethereum: Ethereum's weekly MACD indicator has turned bearish, historically signaling significant price declines, with past instances leading to drawdowns of 46% to 60%.
Critical Support Levels: Currently trading near $3,900, Ethereum is hovering above a crucial $4,000 support level, which, if broken, could lead to a deeper correction, while holding above $3,800 may preserve its broader uptrend.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
