- Ethereum price RSI declines to 87 to 51.75, which indicates dwindling bullishness.
- MACD takes a bearish crossover with negative histogram momentum.
- The price falls below the upward channel indicating the increasing selling pressure.
Ethereum price’s last few days price pattern indicates a pivotal point since it is losing its annual high of $4,955. Months of bullish trends have given way to technical indicators that reflect weakening strength and bearish patterns are developing in a variety of timeframes. A drop out of major support zones and a waning trend in tools such as the RSI and MACD indicates the possibility of a trend reversal, and Ethereum is at a crossroads in its market performance in 2025.
Ethereum at a Technical Crossroads: Bullish Breakout or Bearish Reversal?
Ethereum has reached its annual high of $4,955 but is indicating a possible trend shift as of September 8, 2025. The asset has just dropped down to approximately 4,350, and it has passed the lower boundary of the ascending channel, a technical indicator that the negative momentum can be gaining strength. This disintegration is also justified by the fact that Ethereum fell below the 25 day Exponential Moving Average (EMA) indicating a decline in the short-term upward trend.
Relative Strength Index (RSI) is no longer in the overbought status at 87 in July but has been around 51.75, which implies that the momentum is no longer bullish and the market has moved to the neutral state. The decrease in the RSI usually indicates that it could go further down unless it enters the oversold region and rebounds.
To further the bearish view, the Moving Average Convergence Divergence (MACD) indicator has shown a bearish crossover with the MACD line having a low of the signal line and histogram became negative. This implies that there will be a loss of bullish momentum and potential reversal in the pattern or a prolonged period of consolidation.
Ether is now converging towards the 7/8 Murrey Math Line at 4,687.50. A failure to maintain this could pave the way to a deeper correction to the support zone of $4,062-4375, and the pivot point of $3, 750.
The bearish prediction will however be nullified should ETH manage to breach and close above the resistance of $4,955. An upside break could trigger a fresh bullish surge, and it may even break to reach $5,312 and even $5,625 in the medium term.
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