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Today Technical Analysis: Cryptocurrencies Drop Further as Ethereum Falls Below $4,300

August 19, 2025, 07:08
Cryptocurrencies-drop-further-as-Ethereum-falls-below-4300

Ethereum Technical Analysis

Ethereum has been in a clear downtrend on the hourly chart since Thursday last week after cryptocurrency neared its all-time high, with prices now trading near $4,192. The moving averages (MA 5,10,30) are aligned bearishly, with shorter-term MAs trading below the longer-term, indicating sustained downward momentum.

MACD shows a bearish crossover and remains below the zero line, confirming selling pressure on the coin. If buyers can’t hold prices above $4,180–$4,200, support levels, we might see further declines. A rebound would only be signaled if price breaks above the $4,300–$4,350 resistance with volume and candle closure.

ETHUSD 1H Chart

Resistance$4,354$4,389$4,457
Support$4,196$4,076$3,996

USDJPY Technical Analysis

USDJPY is consolidating after dropping from recent highs around 148.50. The price is now around 147.60, still above the key support at 146.20/

The moving averages are showing some flattening, suggesting reduced momentum after a strong prior rally. However, the 30-period moving average is still acting as support for the price. The MACD has crossed bearish near the zero line, indicating a potential short-term pullback.

If USDJPY holds above 147.00, and maintains trading above the 30-period moving average, buyers remain in control. But if it falls under 146.50, further downside toward 146.20 could follow.

USDJPY 1H Chart

Resistance147.87148.25148.56
Support147.36147.07146.73

Silver Technical Analysis

Silver prices failed to maintain  $38.72 levels as the US dollar showed strength last week. The moving averages show bearish alignment, with short-term moving averages MA(5), and MA(10) crossing under mid-term moving average MA(30).

The MACD has fallen below the zero line, confirming weakening momentum. Major support sits near $37.45, while upside resistance is at  $38.10–$38.30.

If the support holds and price manages to close above these lines, silver could consolidate sideways or rebound upward. Otherwise, a deeper correction is possible.

Silver (XAGUSD) 1H Chart

Resistance$38.00$38.16$38.30
Support$37.71$37.54$37.48
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