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29.08.2025 07:34 AM
Despite the appearance of Bullish Divergence from the RSI, Ethereum's bias remains weak. Friday, August 29, 2025.

[Ethereum] – [Friday, August 29, 2025]

With the RSI in the bearish neutral area and the EMA(50) and EMA (200) crossing a Death Cross, the cryptocurrency's bias is likely to weaken today.

Key Levels

1. Resistance 2: 4703.79.

2. Resistance 1: 4579.93.

3. Pivot: 4504.50.

4. Support 1: 4380.64.

5. Support 2: 4305.21.

Tactical Scenario

Pressure Prone Zone: If the price breaks down and closes below 4380.64, this cryptocurrency could potentially continue its decline to 4305.21.

Momentum Extension Bias: If the 4305.21 level is successfully broken and closes below it, Ethereum has the potential to continue its decline to 4181.35.

Invalidation Level / Bias Revision

The downside bias is maintained if the Ethereum price suddenly strengthens (Bullish Divergence) and breaks through and closes above 4703.79.

Technical Summary

EMA(50): 4514.05.

EMA(200): 4549.75.

RSI(14): 49.08 + Bullish Divergence.

Economic News Release Agenda:

Tonight, there will be economic data releases from the United States, including:

US - Core PCE Price Index m/m - 19:30 WIB

US - Goods Trade Balance - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - Prelim Wholesale Inventories m/m - 19:30 WIB

US - Chicago PMI - 20:45 WIB

US - Revised UoM Consumer Sentiment - 21:00 WIB

US - Revised UoM Inflation Expectations - 21:00 WIB

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