The price of Ethereum is forming a base - Key levels that could trigger a breakout.

MidnightTrader · 2025-10-18T23:32:56+00:00

Ethereum is currently consolidating below $4,350 after a recent dip under $4,450. If it breaks resistance at $4,385, a potential rise to $4,500 could follow. However, failure to surpass $4,340 may lead to further declines, with support levels at $4,265 and $4,220.

MidnightTrader

2025-10-18 23:32:56

Abstract generation in progress

The price of Ethereum has begun a new decline below the zone of $4,450. ETH is currently consolidating and could aim for a new rise if it surpasses $4,380.

Ethereum Facing Obstacles

The price of Ethereum has initiated a wave of rise after forming a base above the zone of $4,260, similar to Bitcoin. The ETH price managed to surpass the resistance levels of $4,320 and $4,350 before the sellers appeared.

The price struggled to break through the 4,385 $ level. A peak formed at 4,387 $ and the price began to decline again. There was a move below the support level of 4,320 $. The recent low was formed at 4,268 $ and the price is now consolidating its losses above the 23.6% Fibonacci retracement level of the recent decline from the high of 4,387 $ to the low of 4,268 $.

The price of Ethereum is now trading below $4,350 and the simple moving average over 100 hours. On the rise, the price may encounter resistance near the level of $4,340. Additionally, a key descending trend line is forming with resistance at $4,340 on the ETH/USD hourly chart.

The next key resistance is located near the level of $4,360 or the 76.4% Fibonacci retracement level of the recent decline from the high of $4,387 to the low of $4,268. The first major resistance is near the level of $4,385. A clear move above the resistance of $4,385 could send the price towards the resistance of $4,420. A breakout above the resistance of $4,420 could call for more gains in the coming sessions. In this case, Ether could rise towards the resistance zone of $4,500 or even $4,550 in the short term.

More decline for ETH?

If Ethereum fails to break the resistance of $4,340, it could initiate a new decline. The initial support on the downside is near the level of $4,265. The first major support is located near the zone of $4,220.

A clear movement below the support of $4,220 could push the price towards the support of $4,200. Any further loss could send the price down to the support level of $4,160 in the short term. The next key support is at $4,120.

Technical Indicators

Hourly MACD - The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI - The RSI for ETH/USD is now near the 50 zone.

Major support level - $4,260 Major resistance level - $4,385

Disclaimer: For informational purposes only. Past performance does not guarantee future results.

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