Ethereum (ETH) fell by 0.44% on Friday. Following a 0.22% loss on Thursday, ETH ended the day at $1,828. The bearish session left ETH at sub-$1,850 for the third consecutive session.

Ethereum Price Action
This morning, ETH was down 0.06% to $1,837. A range-bound start to the day saw ETH rise to an early high of $1,832 before falling to a low of $1,826.

Daily Chart
The Daily Chart showed ETH hovering above the $1,815 – $1,795 support band. However, ETH sat below the 50-day EMA ($1,866) while holding above the 200-day ($1,785), sending bearish near-term but bullish longer-term price signals. Notably, the 50-day EMA narrowed to the 200-day EMA, a bearish price signal.

Looking at the 14-Daily RSI, the 41.18 reading reflects bearish sentiment, supporting a fall through the $1,815 – $1,795 support band to target the 200-day EMA ($1,785). However, an ETH move through the 50-day EMA ($1,866) would support a breakout from the $1,865 – $1,895 resistance band to target $1,950.

4-Hourly Chart
Looking at the 4-Hourly Chart, the ETH/USD faces strong resistance at $1,850. ETH sits above the $1,815 – $1,795 support band. However, ETH remained below the 50-day ($1,850) and 200-day ($1,869) EMAs, sending bearish near and longer-term price signals.

An ETH move through the 50-day and 200-day EMAs would support a breakout from the $1,865 – $1,895 support band to target $1,950. However, failure to move through the 50-day EMA would leave the $1,815 – $1,795 support band in play.

The 14-4H RSI reading of 40.72 sends bearish price signals, with selling pressure outweighing buying pressure. Significantly, the RSI aligns with the 50-day EMA, supporting a fall through the $1,815 – $1,795 support band.

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