[Ethereum] – [Friday, August 29, 2025]
With the RSI in the bearish neutral area and the EMA(50) and EMA (200) crossing a Death Cross, the cryptocurrency's bias is likely to weaken today.
Key Levels
1. Resistance 2: 4703.79.
2. Resistance 1: 4579.93.
3. Pivot: 4504.50.
4. Support 1: 4380.64.
5. Support 2: 4305.21.
Tactical Scenario
Pressure Prone Zone: If the price breaks down and closes below 4380.64, this cryptocurrency could potentially continue its decline to 4305.21.
Momentum Extension Bias: If the 4305.21 level is successfully broken and closes below it, Ethereum has the potential to continue its decline to 4181.35.
Invalidation Level / Bias Revision
The downside bias is maintained if the Ethereum price suddenly strengthens (Bullish Divergence) and breaks through and closes above 4703.79.
Technical Summary
EMA(50): 4514.05.
EMA(200): 4549.75.
RSI(14): 49.08 + Bullish Divergence.
Economic News Release Agenda:
Tonight, there will be economic data releases from the United States, including:
US - Core PCE Price Index m/m - 19:30 WIB
US - Goods Trade Balance - 19:30 WIB
US - Personal Income m/m - 19:30 WIB
US - Personal Spending m/m - 19:30 WIB
US - Prelim Wholesale Inventories m/m - 19:30 WIB
US - Chicago PMI - 20:45 WIB
US - Revised UoM Consumer Sentiment - 21:00 WIB
US - Revised UoM Inflation Expectations - 21:00 WIB
