Key TakeawaysEthereum price fell 1.01% to $4,127.73, underperforming the broader crypto market (-0.53%)Technical rejection near $4,232 coincides with the 50-day SMA (4,232.0), signaling strong selling pressureFed rate decision caution drove profit-taking across digital assets, limiting bullish momentum Ethereum Faces Resistance at Key Supply ZoneEthereum (ETH) slipped 0.98% in the past 24 hours to $4,127.73, as traders turned cautious ahead of the U.S. Federal Reserve’s expected 25 bps rate cut. The move reflects a temporary pause in bullish momentum, with investors opting to secure profits after a 6% weekly gain.The ETH/USDT pair struggled to break through the 50-day Simple Moving Average (SMA) at $4,232.0, according to the latest technical indicators. The Exponential Moving Average (50) stands close at $4,128.0, showing that short-term consolidation remains intact below major resistance. Macro Profit-Taking and Treasury Sell-Off Weigh on SentimentBroader crypto market sentiment weakened as participants trimmed risk ahead of the Fed’s policy update. A temporary macro pullback saw the total crypto market cap fall 1.5% to $3.93T. Despite a high 96–98% probability of a rate cut, which typically spells bullishness for digital assets, near-term volatility risk has led to cautious positioning.Adding to the downside pressure, ETHZilla sold approximately $40M in Ethereum to fund stock buybacks, trimming its holdings to ~$400M. This sale contributed to localized selling pressure, although the remaining treasury balance limits immediate downside risk. Technical Indicators Show Neutral MomentumOscillators show a neutral and balanced expected performance for ETH:The Relative Strength Index (RSI) sits at 51.8, indicating neutral momentum.The Commodity Channel Index (CCI) at 69.3 supports a balanced setup.The Momentum (10) reading of 239.6 reflects a short-term cooling after recent gains.Meanwhile, the MACD Level (12, 26) at –52.0 suggests moderate divergence without a clear trend shift.Source: TradingViewMoving averages show mixed positioning. The 20-day EMA at 4,052.9 remains below price, hinting at underlying support, while the 100-day SMA (4,192.3) and 200-day EMA (3,596.8) define medium- and long-term trend floors.Source: TradingView ETH Outlook: Key Levels to WatchFor Ethereum price forecast, traders are watching $4,100 as a critical support level. A daily close below it could lead to a decline toward $3,918 or even $3,900. Conversely, a breakout above $4,395, which is the upper range of the resistance cluster — could trigger renewed buying momentum, targeting $4,957 and potentially $5,500 if institutional flows persist.With ETFs attracting $133.95M inflows on Oct 27, institutional interest remains strong, supporting long-term confidence in Ethereum’s uptrend despite short-term volatility.
Catherine
