What Triggered the Ethereum Crash?
Ethereum mirrored Bitcoin’s rejection, sliding from the $3,800–$3,900 zone after failing to generate new momentum. The Fed’s unchanged rate stance disappointed risk-on investors, and ETH lost over 4.6% in 24h, now testing the $3.5K support level.
ETH Coin Price Chart Breakdown
ETH/USD 4-hours chart - TradingView
- ETH broke below both the 9 and 21 EMA, signaling trend weakness
- Horizontal support at $3,530 is being tested
- RSI at 29.50, suggesting short-term exhaustion
- Clear rejection from $3,800 zone, now a strong resistance
What to Watch Next for ETH
- If $3,500 fails, look for support near $3,200, which was a previous accumulation zone.
- Bulls need a strong push back toward $3,739–$3,800 to recover the uptrend.
- A continued drop in Bitcoin could send ETH below $3.2K.
Watch ETH/BTC ratio – if ETH continues underperforming, it might signal broader altcoin weakness.
$ETH, $Ethereum
