ETH/USD — Ethereum Consolidates Below $4,450 as Bulls Defend KeyEthereum / US DollarCOINBASE:ETHUSDJohn_IsigeAfter reclaiming its September high near $4,752, Ethereum (ETH) faced renewed selling pressure and pulled back toward the 20-day EMA (≈ $4,400). The broader trend remains intact, but bulls must defend this area to prevent a deeper correction. Spot Ethereum ETFs have attracted over $1.3 billion in inflows since early October, fueling optimism. However, mixed sentiment on Wall Street — including concerns that crypto treasury firms like Bitmine may struggle long term — has kept traders cautious. ⸻ Technical Outlook ETH/USD remains trapped in a bullish flag pattern. The upper Bollinger Band near $4,752 capped the last rally, while the lower band continues to act as short-term support. For bulls to regain control, Ethereum needs to close above $4,443, which would open the way to $4,605, a key resistance repeatedly tested in September. A daily close above $4,605** would confirm a breakout**, potentially sending ETH toward the confluence zone of the previous monthly high and the upper channel limit around $4,832–$4,958. If buyers maintain momentum beyond this zone, the next Fibonacci targets are: •$5,135 — 138% extension. •$5,444 — 361% extension and medium-term bullish objective. ⸻ Bearish Scenario If ETH fails to hold $4,395 (20-day EMA) and closes below it, a deeper pullback becomes likely: •First support: $4,293–$4,220 (50-day EMA zone). •Next levels: $4,055 and $3,975–$3,945 (Golden Pocket). A decisive breakdown below $3,875 would shift sentiment bearish, exposing $3,723 (78% Fibonacci) and potentially the 200-day EMA around $3,550–$3,516. Failure to hold this region would bring $3,388–$3,365 (August low) into play as the final downside target. ⸻ Indicators •RSI (Daily): Back in the neutral 45–55 zone, needs to stabilize to preserve bullish potential. •RSI (Weekly): Still holding a buy signal but trending lower. •MACD: Momentum fading; histogram contracting near zero. As long as RSI remains above the neutral line and the price holds the 20-day EMA, Ethereum retains potential for a Q4 recovery. ⸻ Key Resistance: $4,443 • $4,605 • $4,752 • $4,958 • $5,135 • $5,444 Key Support: $4,395 • $4,220 • $4,055 • $3,945 • $3,875 • $3,516 ⸻ 📈 Outlook: Ethereum is consolidating below resistance but remains within a bullish structure. A break above $4,605 could reignite upside momentum toward $5K+, while a drop below $4,220 risks deeper retracement toward $3.8K–$3.5K.