ETH Price Tests $4,000 Support as Technical Indicators Flash Mixed Signals

Zach Anderson Sep 28, 2025 05:54

Ethereum trades at $4,009 with bearish momentum indicators despite maintaining bullish long-term trend above key support levels.

Quick Take

• ETH currently trading at $4,009.01 (-0.31% in 24h) • Ethereum's RSI at 37.81 signals potential oversold conditions approaching • MACD histogram shows bearish momentum with -62.16 reading • ETH price holding above critical $3,815 support zone

What's Driving Ethereum Price Today?

With no significant news events in the past week, ETH price action appears driven primarily by technical factors and broader market sentiment. The absence of major catalysts has left Ethereum vulnerable to profit-taking after its recent rally, with the current pullback reflecting natural market consolidation rather than fundamental weakness.

The ETH/USDT pair has been range-bound between $3,972.98 and $4,039.01 over the past 24 hours, suggesting indecision among traders. This sideways movement comes as Ethereum continues to trade well above its 200-day simple moving average of $2,951.33, maintaining the broader bullish structure despite short-term headwinds.

ETH Technical Analysis: Bearish Momentum Meets Bullish Structure

Ethereum technical analysis reveals a complex picture with conflicting signals across different timeframes. The most concerning indicator is Ethereum's MACD, which has turned decisively bearish with a histogram reading of -62.16 and the MACD line sitting at -96.95 below its signal line of -34.79.

However, ETH RSI at 37.81 suggests the selling pressure may be approaching exhaustion. While not yet in oversold territory below 30, this RSI level historically marks areas where Ethereum has found buying interest. The Stochastic oscillator reinforces this view, with both %K at 22.68 and %D at 22.88 indicating potential reversal conditions.

Ethereum's position within the Bollinger Bands tells another important story. With ETH trading near the lower band at $3,874.62 and showing a %B position of 0.1392, the cryptocurrency is testing significant support. The middle band at $4,357.44 represents the 20-day SMA, which has acted as resistance during recent attempts to rally.

Ethereum Price Levels: Key Support and Resistance

Based on Binance spot market data, Ethereum support levels are clearly defined with immediate support at $3,815.00 coinciding with strong support at the same level. This convergence suggests $3,815 represents a critical floor for ETH price in the near term.

On the upside, ETH resistance appears at $4,769.36 for immediate resistance, with stronger resistance waiting at $4,956.78. These levels align closely with recent highs and represent significant hurdles for any bullish breakout attempt.

The current pivot point at $4,007.00 sits just below the current ETH price of $4,009.01, indicating Ethereum is precariously balanced between bullish and bearish territory. A decisive break below this pivot could accelerate selling toward the $3,815 support zone.

Should You Buy ETH Now? Risk-Reward Analysis

For swing traders, the current setup offers a compelling risk-reward scenario if entering near support levels. With ETH price testing the $3,815 support zone and RSI approaching oversold conditions, buyers could position for a bounce with tight stop-losses below $3,800.

Conservative investors might wait for confirmation of support holding before adding exposure. The daily ATR of $166.95 indicates significant volatility, requiring careful position sizing and risk management.

Aggressive traders could consider short-term long positions if ETH price reclaims the $4,007 pivot point with volume, targeting the $4,357 middle Bollinger Band as initial resistance. However, the bearish MACD momentum suggests any rallies may face selling pressure.

The 52-week range from $1,473.41 to $4,832.07 provides context for current levels, with ETH price trading in the upper half of this range despite recent weakness.

Conclusion

ETH price sits at a critical juncture with technical indicators painting a mixed picture. While short-term momentum favors bears, the approach toward oversold RSI levels and proximity to key support suggests a potential bounce may emerge within 24-48 hours. Traders should monitor the $3,815 support level closely, as a break below could trigger accelerated selling toward lower targets, while a successful defense could spark a relief rally toward $4,200-$4,300 resistance.

Image source: Shutterstock

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