• bitcoinBitcoin (BTC) $ 108,243.00
  • ethereumEthereum (ETH) $ 2,552.22
  • tetherTether (USDT) $ 0.999965
  • xrpXRP (XRP) $ 2.30
  • bnbBNB (BNB) $ 661.48
  • solanaSolana (SOL) $ 150.50
  • usd-coinUSDC (USDC) $ 0.999899
  • tronTRON (TRX) $ 0.286235
  • dogecoinDogecoin (DOGE) $ 0.168337
  • staked-etherLido Staked Ether (STETH) $ 2,551.67
  • cardanoCardano (ADA) $ 0.583825
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,211.00
  • hyperliquidHyperliquid (HYPE) $ 39.32
  • wrapped-stethWrapped stETH (WSTETH) $ 3,079.67
  • suiSui (SUI) $ 2.88
  • bitcoin-cashBitcoin Cash (BCH) $ 492.55
  • chainlinkChainlink (LINK) $ 13.48
  • leo-tokenLEO Token (LEO) $ 9.01
  • stellarStellar (XLM) $ 0.251155
  • avalanche-2Avalanche (AVAX) $ 18.08
  • usdsUSDS (USDS) $ 0.999992
  • wrapped-eethWrapped eETH (WEETH) $ 2,734.74
  • the-open-networkToncoin (TON) $ 2.77
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • hedera-hashgraphHedera (HBAR) $ 0.159273
  • wethWETH (WETH) $ 2,552.35
  • litecoinLitecoin (LTC) $ 86.21
  • whitebitWhiteBIT Coin (WBT) $ 45.05
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999708
  • moneroMonero (XMR) $ 318.05
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,266.00
  • ethena-usdeEthena USDe (USDE) $ 0.999938
  • polkadotPolkadot (DOT) $ 3.39
  • bitget-tokenBitget Token (BGB) $ 4.30
  • uniswapUniswap (UNI) $ 7.35
  • aaveAave (AAVE) $ 282.65
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.459053
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 323.81
  • aptosAptos (APT) $ 4.49
  • okbOKB (OKB) $ 48.13
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.17
  • jito-staked-solJito Staked SOL (JITOSOL) $ 182.92
  • internet-computerInternet Computer (ICP) $ 4.80
  • ethereum-classicEthereum Classic (ETC) $ 16.57
  • crypto-com-chainCronos (CRO) $ 0.081241
  • ondo-financeOndo (ONDO) $ 0.782781
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999801
  • kaspaKaspa (KAS) $ 0.075343
  • fasttokenFasttoken (FTN) $ 4.44
  • mantleMantle (MNT) $ 0.568291
  • cosmosCosmos Hub (ATOM) $ 4.06
  • gatechain-tokenGate (GT) $ 15.54
  • vechainVeChain (VET) $ 0.020567
  • bonkBonk (BONK) $ 0.000023
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.669371
  • official-trumpOfficial Trump (TRUMP) $ 8.64
  • skySky (SKY) $ 0.078956
  • ethenaEthena (ENA) $ 0.261811
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184393
  • arbitrumArbitrum (ARB) $ 0.332518
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,027.00
  • render-tokenRender (RENDER) $ 3.17
  • filecoinFilecoin (FIL) $ 2.29
  • quant-networkQuant (QNT) $ 106.99
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,551.50
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.49
  • algorandAlgorand (ALGO) $ 0.176156
  • worldcoin-wldWorldcoin (WLD) $ 0.877094
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • usdtbUSDtb (USDTB) $ 0.999882
  • sei-networkSei (SEI) $ 0.259636
  • kucoin-sharesKuCoin (KCS) $ 11.03
  • binance-staked-solBinance Staked SOL (BNSOL) $ 159.76
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.439195
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,675.80
  • nexoNEXO (NEXO) $ 1.22
  • spx6900SPX6900 (SPX) $ 1.30
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,902.55
  • fartcoinFartcoin (FARTCOIN) $ 1.18
  • flare-networksFlare (FLR) $ 0.016356
  • celestiaCelestia (TIA) $ 1.59
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999879
  • xdce-crowd-saleXDC Network (XDC) $ 0.065474
  • injective-protocolInjective (INJ) $ 10.50
  • blockstackStacks (STX) $ 0.653427
  • sonic-3Sonic (S) $ 0.309916
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999943
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.50
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,724.36
  • optimismOptimism (OP) $ 0.548311
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,680.89
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pax-goldPAX Gold (PAXG) $ 3,339.93
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014780
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,107.00
  • story-2Story (IP) $ 3.14
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,175.00
  • wbnbWrapped BNB (WBNB) $ 661.54
  • kaiaKaia (KAIA) $ 0.149591
  • paypal-usdPayPal USD (PYUSD) $ 0.999767
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,689.70
  • dogwifcoindogwifhat (WIF) $ 0.859170
  • clbtcclBTC (CLBTC) $ 109,014.00
  • the-graphThe Graph (GRT) $ 0.083848
  • tether-goldTether Gold (XAUT) $ 3,333.70
  • flokiFLOKI (FLOKI) $ 0.000082
  • immutable-xImmutable (IMX) $ 0.420105
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 168.72
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.26
  • vaultaVaulta (A) $ 0.482354
  • msolMarinade Staked SOL (MSOL) $ 196.76
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,756.26
  • ousgOUSG (OUSG) $ 111.69
  • curve-dao-tokenCurve DAO (CRV) $ 0.507139
  • theta-tokenTheta Network (THETA) $ 0.691468
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998142
  • lido-daoLido DAO (LDO) $ 0.735457
  • galaGALA (GALA) $ 0.014218
  • jito-governance-tokenJito (JTO) $ 1.85
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • wrapped-hypeWrapped HYPE (WHYPE) $ 39.33
  • zcashZcash (ZEC) $ 38.62
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.64
  • saros-financeSaros (SAROS) $ 0.235140
  • iotaIOTA (IOTA) $ 0.159145
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • the-sandboxThe Sandbox (SAND) $ 0.244696
  • jasmycoinJasmyCoin (JASMY) $ 0.012229
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,542.00
  • raydiumRaydium (RAY) $ 2.20
  • usual-usdUsual USD (USD0) $ 0.997840
  • aerodrome-financeAerodrome Finance (AERO) $ 0.679463
  • super-oethSuper OETH (SUPEROETH) $ 2,551.47
  • syrupMaple Finance (SYRUP) $ 0.527851
  • tbtctBTC (TBTC) $ 108,060.00
  • pendlePendle (PENDLE) $ 3.40
  • pyth-networkPyth Network (PYTH) $ 0.096837
  • newton-projectAB (AB) $ 0.008325
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,551.90
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,727.03
  • tezosTezos (XTZ) $ 0.522503
  • walrus-2Walrus (WAL) $ 0.396360
  • falcon-financeFalcon USD (USDF) $ 1.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,657.36
  • flowFlow (FLOW) $ 0.329067
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,265.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,552.42
  • decentralandDecentraland (MANA) $ 0.265510
  • bitcoin-svBitcoin SV (BSV) $ 25.21
  • coredaoorgCore (CORE) $ 0.493309
  • true-usdTrueUSD (TUSD) $ 0.998222
  • apecoinApeCoin (APE) $ 0.608236
  • ripple-usdRipple USD (RLUSD) $ 0.999758
  • staked-hypeStaked HYPE (STHYPE) $ 39.31
  • venomVenom (VENOM) $ 0.227491
  • chain-2Onyxcoin (XCN) $ 0.013646
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999898
  • thorchainTHORChain (RUNE) $ 1.32
  • dexeDeXe (DEXE) $ 7.67
  • beldexBeldex (BDX) $ 0.061162
  • morphoMorpho (MORPHO) $ 1.37
  • apenftAPENFT (NFT) $ 0.00000044
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004344
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.167953
  • heliumHelium (HNT) $ 2.33
  • usddUSDD (USDD) $ 1.00
  • based-brettBrett (BRETT) $ 0.043153
  • kavaKava (KAVA) $ 0.393744
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 1.01
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007064
  • starknetStarknet (STRK) $ 0.112523
  • stader-ethxStader ETHx (ETHX) $ 2,713.49
  • dydx-chaindYdX (DYDX) $ 0.525922
  • movementMovement (MOVE) $ 0.151320
  • mog-coinMog Coin (MOG) $ 0.00000099
  • neoNEO (NEO) $ 5.46
  • compound-governance-tokenCompound (COMP) $ 40.83
  • elrond-erd-2MultiversX (EGLD) $ 13.38
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • conflux-tokenConflux (CFX) $ 0.074031
  • build-onBUILDon (B) $ 0.376863
  • ecasheCash (XEC) $ 0.000018
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 108,366.00
  • ether-fiEther.fi (ETHFI) $ 0.974871
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,539.59
  • deepDeepBook (DEEP) $ 0.144655
  • aioz-networkAIOZ Network (AIOZ) $ 0.304814
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999933
  • kaitoKAITO (KAITO) $ 1.48
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.14
  • axie-infinityAxie Infinity (AXS) $ 2.14
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,814.57

Ethereum Price Sinks 10% – Is This a Buying Opportunity?

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Ethereum Price Sinks 10% – Is This a Buying Opportunity?

Ethereum price started a fresh decline from the $2,850 resistance zone. ETH is down over 10% and is struggling to stay above the $2,500 level.

  • Ethereum is facing an increase in selling below the $2,650 zone.
  • The price is trading below $2,750 and the 100-hourly Simple Moving Average.
  • There is a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a decent upward move if it settles above $2,600 and $2,650.

Ethereum Price Takes A Hit

Ethereum price failed to clear the $2,850 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,720 and $2,650 support levels to enter a bearish zone.

The price declined over 10% and even declined below the $2,550 support zone. A low was formed at $2,458 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low.

Ethereum price is now trading below $2,600 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $2,550 level. The first major resistance is near the $2,600 level. The main resistance is now forming near $2,650 or the 50% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low.

Ethereum Price Sinks 10% – Is This a Buying Opportunity?

A clear move above the $2,650 resistance might send the price toward the $2,750 resistance. An upside break above the $2,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,850 resistance zone or even $2,920 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $2,600 resistance, it could start another decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,450 zone.

A clear move below the $2,450 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,120.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,450

Major Resistance Level – $2,650

Source

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