Ethereum Price News: ETH# Struggles Below $3,900 as Bulls Lose Grip
AI Summary
Ethereum’s rebound is losing steam as buyers fail to sustain momentum above key resistance zones. After bouncing from $3,700, ETH remains capped under $3,920, signaling a possible sideways or bearish trend ahead.
Key Points
ETH trades around $3,892, still below major resistance.
The $3,850–$3,920 range is a crucial battle zone for bulls and bears.
A rejection here could push prices back to $3,740 or even $3,650.
Momentum indicators show fading bullish strength and cautious sentiment.
Technical Overview
ETH attempted recovery from $3,724, reclaiming $3,800 but failed to break past $3,920. The price remains under the 100-hour SMA with a short-term bearish trend line near $3,850.
Resistance: $3,920 → $3,950 → $4,020–$4,150
Support: $3,800 → $3,740 → $3,650
MACD: Bearish zone, weak momentum
RSI: Around 46, neutral-to-bearish
Market Outlook
Traders are cautious as the broader crypto market consolidates ahead of key macro events like the Fed meeting. Thin liquidity and weak institutional demand suggest ETH may stay range-bound unless it breaks decisively above $3,950.
👉 Watch $3,850–$3,920 resistance and $3,740 support for the next move.
