The post Can Bulls Defend $4,400 After Sharp Rejection? appeared on BitcoinEthereumNews.com. The price of Ethereum is stabilizing around $4,430 after a wild drop from the $4,950 range. The drop came after ETH was strongly rejected at a major supply block between $4,900 and $5,000, which stopped the recent rise. Even though it has pulled back, ETH is still trading above its rising trendline support, giving buyers a chance to regroup and make another push higher. What’s Happening With Ethereum’s Price? Ethereum has been on a long-term upward trend for most of August, rising from below $3,800 to almost $5,000. ETH is still in an upward trend on the 4-hour chart, with higher lows still in place. The $4,400 level is now a key turning point where the trendline and local support meet. The parabolic SAR dots are still above the price, which shows that there is short-term bearish pressure, but the larger structure is still intact.  Why Is The Ethereum Price Going Down Today? The current pullback in Ethereum price is driven primarily by overhead supply near $5,000 and fading intraday momentum. The 30-minute chart shows ETH capped under a descending trendline, with RSI at 46, reflecting cooling demand. The MACD line is still in negative territory, though its histogram shows early signs of flattening, suggesting that bearish pressure may be easing. Spot inflows also turned negative, with Coinglass data showing a net outflow of $54.7M on August 26. This indicates mild profit-taking after the strong rally earlier this month. While outflows often reflect accumulation, the timing alongside technical rejection suggests cautious positioning by traders. Bollinger Bands, Supertrend, and Money Flow Index Signal Pause Bollinger Bands on the 4-hour chart show price testing the midline near $4,510 after falling from the upper band at $4,947. A close above this level would ease downside risk, but repeated rejection could trigger renewed volatility.… The post Can Bulls Defend $4,400 After Sharp Rejection? appeared on BitcoinEthereumNews.com. The price of Ethereum is stabilizing around $4,430 after a wild drop from the $4,950 range. The drop came after ETH was strongly rejected at a major supply block between $4,900 and $5,000, which stopped the recent rise. Even though it has pulled back, ETH is still trading above its rising trendline support, giving buyers a chance to regroup and make another push higher. What’s Happening With Ethereum’s Price? Ethereum has been on a long-term upward trend for most of August, rising from below $3,800 to almost $5,000. ETH is still in an upward trend on the 4-hour chart, with higher lows still in place. The $4,400 level is now a key turning point where the trendline and local support meet. The parabolic SAR dots are still above the price, which shows that there is short-term bearish pressure, but the larger structure is still intact.  Why Is The Ethereum Price Going Down Today? The current pullback in Ethereum price is driven primarily by overhead supply near $5,000 and fading intraday momentum. The 30-minute chart shows ETH capped under a descending trendline, with RSI at 46, reflecting cooling demand. The MACD line is still in negative territory, though its histogram shows early signs of flattening, suggesting that bearish pressure may be easing. Spot inflows also turned negative, with Coinglass data showing a net outflow of $54.7M on August 26. This indicates mild profit-taking after the strong rally earlier this month. While outflows often reflect accumulation, the timing alongside technical rejection suggests cautious positioning by traders. Bollinger Bands, Supertrend, and Money Flow Index Signal Pause Bollinger Bands on the 4-hour chart show price testing the midline near $4,510 after falling from the upper band at $4,947. A close above this level would ease downside risk, but repeated rejection could trigger renewed volatility.…