Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why

Quick Summary:

This momentum oscillator, which measures the relative strength of recent price movements, is approaching the overbought region on the daily timeframe.  Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer Ethereum’s approach of overbought zone with the Stochastic RSI is due to inflows that have pushed the crypto’s price from the $1,383 bottom on April 9.

Strong Rejection From Key Fibonacci Zone Hints At Persistent Resistance Technical analysis shows that the Ethereum price chart is currently characterized by a noticeable Fair Value Gap (FVG) on the 4-hour timeframe.

Now that the Stochastic RSI is moving into the overbought zone, it adds to the bearish outlook that it could reject at the Fair Value Gap and start a new downside correction very soon.  So far, the Ethereum price was rejected at $1,650 in the past 24 hours, which further supports the bearish continuation thesis.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Fair Value Gap RSI Overbought Zone Fibonacci Retracement Zone Ethereum price Ethereum ETH Ethereum news ETHUSDT Stochastic Relative Strength Index Ethereum FVG Eth price ETH news Ethusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 19:00:05 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Readers: 63 people read this story

Article Length: 458 words

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Sentences: 68 lines

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Copyright Owner: © NewsBTC

News ID: 27878109

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