{"id":7462,"date":"2025-10-08T04:11:06","date_gmt":"2025-10-08T04:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-rally-stalls-is-a-deeper-correction-now-on-the-horizon\/"},"modified":"2025-10-08T04:11:06","modified_gmt":"2025-10-08T04:11:06","slug":"ethereum-price-rally-stalls-is-a-deeper-correction-now-on-the-horizon","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-rally-stalls-is-a-deeper-correction-now-on-the-horizon\/","title":{"rendered":"Ethereum Price Rally Stalls \u2013 Is A Deeper Correction Now On The Horizon?"},"content":{"rendered":"<p><em>Ethereum price failed to extend gains above $4,750 and declined. ETH is now consolidating and might struggle to rise above $4,600 in the short term.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction below $4,620 and $4,600.<\/li>\n<li>The price is trading below $4,600 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key bullish trend line with support at $4,560 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move down if it trades below $4,420.<\/li>\n<\/ul>\n<h2>Ethereum Price Corrects Gains<\/h2>\n<p>Ethereum price extended gains above $4,600 and $4,620, like Bitcoin. ETH price even tested the $4,750 resistance zone before the bears appeared. A high was formed at $4,759 and the price corrected some gains.<\/p>\n<p>There was a move below the $4,620 and $4,600 levels. Besides, there was a break below a key bullish trend line with support at $4,560 on the hourly chart of ETH\/USD. The pair even tested the $4,440 zone and is currently consolidating losses.<\/p>\n<p>Ethereum price is now trading below $4,550 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,520 level and the 23.6% Fib retracement level of the recent decline from the $4,759 swing high to the $4,435 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-834669\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Ethereum_56d77a.png?resize=1024%2C493\" alt=\"Ethereum Price \" width=\"1024\" height=\"493\" loading=\"lazy\" \/><\/p>\n<p>The next key resistance is near the $4,550 level. The first major resistance is near the $4,600 level or the 50% Fib retracement level of the recent decline from the $4,759 swing high to the $4,435 low. A clear move above the $4,600 resistance might send the price toward the $4,650 resistance. An upside break above the $4,650 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,720 resistance zone or even $4,750 in the near term.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $4,600 resistance, it could start a fresh decline. Initial support on the downside is near the $4,440 level. The first major support sits near the $4,420 zone.<\/p>\n<p>A clear move below the $4,420 support might push the price toward the $4,320 support. Any more losses might send the price toward the $4,250 region in the near term. The next key support sits at $4,150.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $4,420<\/p>\n<p>Major Resistance Level \u2013 $4,600<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price failed to extend gains above $4,750 and declined. ETH is now consolidating and might struggle to rise above $4,600 in the short term. Ethereum started a downside correction below $4,620 and $4,600. The price is trading below $4,600 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7463,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-7462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7462"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7463"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}