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

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

Crypto-currencies

2025-08-29 05:34:56

btc_content4_4 Arief Makmur

#Ethereum #For beginners #ETHUSD #TechnicalAnalysis #Crypto

[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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