Ethereum News Today: Ethereum Falls 1.07% as Bulls Target $9K Break Above $4K Resistance

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 1:05 pm ET1min read
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Aime RobotAime Summary

- Ethereum’s price near $3,673 sparks debate as it tests $3,800–$4,000 resistance, with analysts split on a potential $9,000 breakout or $3,300 pullback.

- Bearish warnings highlight failed rallies and liquidity risks, while bullish signals like a MACD crossover suggest renewed momentum above $4,000.

- Historical parallels to Bitcoin’s 2020 pattern and triangular formations imply prolonged consolidation, with volume and RSI signaling market hesitation.

- A sustained $3,800+ breakout could validate $9,000 targets, but breakdowns risk exposing ETH to sharp declines toward $2,630 support.

Ethereum’s price trajectory has sparked intense debate among analysts as the cryptocurrency hovers near critical resistance levels. Priced at $3,673.72 with a daily decline of 1.07%, ETH faces a pivotal juncture between a potential short-term correction and a breakout that could propel it toward $9,000 [1]. Technical indicators suggest the market is in a state of flux, with conflicting signals emerging from bearish and bullish camps.

Crypto analyst Michaël van de Poppe warns that Ethereum’s failure to breach the $3,800–$4,000 resistance zone could trigger a pullback toward $3,400 or even $3,300. This projection is grounded in liquidity patterns and bearish divergence observed in the $1,200 rally, which showed weakening momentum despite price gains [1]. Meanwhile, consolidation in this range has drawn comparisons to Bitcoin’s 2020 breakout cycle, where BTC experienced repeated failed attempts before a sustained rally. Analysts note that Ethereum’s chart mirrors this historical pattern, including false breakdowns and triangular formations, suggesting a possible replication of BTC’s trajectory [1].

Bullish signals are not absent, however. Merlijn The Trader highlights a confirmed bear trap below $1,600 and a bullish MACD crossover as evidence of renewed momentum. These indicators imply that a close above $4,000 could catalyze a surge toward $9,000, provided bullish forces overcome the current resistance [1]. The asset’s recent 50% recovery from the $2,400 level further underscores its resilience, though traders remain cautious about declining volume and neutral RSI readings, which signal market hesitation [1].

The path forward hinges on whether bulls can sustain pressure above $3,800. A breakout would validate the bullish thesis of a $9,000 target, while a breakdown could expose ETH to downward pressure toward $3,300. Support at $2,630.16 remains a key level to monitor in the event of a sharper decline. As the market consolidates, the interplay between short-term corrections and macro-level trends will likely dictate Ethereum’s next major move.

Source: [1] [Ethereum Eyes $9K as Bulls Challenge $4K Resistance] [https://cryptofrontnews.com/ethereum-eyes-9k-as-bulls-challenge-4k-resistance/]