Ethereum Price Forecast: ETH Breaks Below 50-Day EMA, Testing $4,000 Support
Ethereum has taken a sharp hit, recording $516.3M in futures liquidations over the past 24 hours — with $489.6M from long positions. The heavy flush has driven ETH down 7% daily, marking its first break below the 50-day EMA ($4,252) in over two months.
ETH trades around $4,150–$4,200
Below 20-day EMA ($4,441) and 50-day EMA ($4,252)
Now testing $4,000, a key psychological & technical support
RSI has slipped below neutral → bearish momentum
Stochastic Oscillator in oversold zone → signals potential exhaustion of seller