The post Ethereum (ETH) Tests Lower Support as Bears Gain Control Near $4,180 appeared on BitcoinEthereumNews.com.

Lawrence Jengar
Sep 24, 2025 11:10

ETH price hovers at $4,180 with RSI at 40, signaling potential further downside despite SEC’s streamlined ETF approval process reducing timeline to 75 days.

  Quick Take • ETH currently trading at $4,180.27 (-0.08% in 24h) • Ethereum’s RSI at 40.07 indicates neutral momentum with bearish undertones • SEC streamlines crypto ETF approvals, cutting timeline from 270 to 75 days What’s Driving Ethereum Price Today? The most significant development impacting Ethereum markets this week is the SEC’s announcement of streamlined cryptocurrency ETF approval processes. The regulatory body has reduced the approval timeline from up to 270 days to just 75 days, a move that could accelerate institutional adoption of Ethereum-based investment products. Grayscale Investments has already capitalized on this development, launching a new multi-coin ETF that includes Ethereum alongside Bitcoin, Solana, XRP, and Cardano. Despite this fundamentally positive regulatory shift, the ETH price has shown minimal immediate reaction, reflecting the market’s focus on short-term technical factors rather than longer-term institutional developments. The muted response suggests traders are waiting for concrete evidence of increased ETF inflows before adjusting their positions significantly. Adding to the market context, Citigroup’s recent year-end price target of $4,300 for Ethereum provides a conservative outlook that sits well below ETH’s recent all-time high of $4,955.14. This target, while positive, represents only a modest 2.9% upside from current levels, contributing to the lackluster price action despite favorable news flow. ETH Technical Analysis: Bearish Signals Emerge The Ethereum technical analysis reveals concerning momentum indicators that overshadow recent positive developments. ETH’s RSI currently sits at 40.07, positioning the cryptocurrency in neutral territory but with a clear bearish bias as it approaches oversold conditions. The MACD indicator presents the most compelling bearish signal, with the histogram reading…

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Filed under: News - @ September 25, 2025 2:26 am