• bitcoinBitcoin (BTC) $ 110,790.00
  • bitcoinBitcoin (BTC) $ 110,790.00
  • ethereumEthereum (ETH) $ 2,691.94
  • ethereumEthereum (ETH) $ 2,691.94
  • tetherTether (USDT) $ 0.999930
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  • xrpXRP (XRP) $ 2.45
  • xrpXRP (XRP) $ 2.45
  • bnbBNB (BNB) $ 687.03
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  • solanaSolana (SOL) $ 182.10
  • solanaSolana (SOL) $ 182.10
  • usd-coinUSDC (USDC) $ 0.999727
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  • dogecoinDogecoin (DOGE) $ 0.247160
  • dogecoinDogecoin (DOGE) $ 0.247160
  • cardanoCardano (ADA) $ 0.822278
  • cardanoCardano (ADA) $ 0.822278
  • tronTRON (TRX) $ 0.273511
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  • staked-etherLido Staked Ether (STETH) $ 2,687.78
  • staked-etherLido Staked Ether (STETH) $ 2,687.78
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,802.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,802.00
  • suiSui (SUI) $ 3.88
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  • hyperliquidHyperliquid (HYPE) $ 34.83
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  • wrapped-stethWrapped stETH (WSTETH) $ 3,247.95
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  • chainlinkChainlink (LINK) $ 16.89
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  • avalanche-2Avalanche (AVAX) $ 25.40
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  • stellarStellar (XLM) $ 0.304472
  • stellarStellar (XLM) $ 0.304472
  • shiba-inuShiba Inu (SHIB) $ 0.000016
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  • bitcoin-cashBitcoin Cash (BCH) $ 450.17
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  • hedera-hashgraphHedera (HBAR) $ 0.205026
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  • leo-tokenLEO Token (LEO) $ 8.87
  • leo-tokenLEO Token (LEO) $ 8.87
  • the-open-networkToncoin (TON) $ 3.17
  • the-open-networkToncoin (TON) $ 3.17
  • litecoinLitecoin (LTC) $ 101.11
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  • polkadotPolkadot (DOT) $ 4.99
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  • wethWETH (WETH) $ 2,690.49
  • wethWETH (WETH) $ 2,690.49
  • moneroMonero (XMR) $ 390.93
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  • usdsUSDS (USDS) $ 0.999735
  • usdsUSDS (USDS) $ 0.999735
  • bitget-tokenBitget Token (BGB) $ 5.77
  • bitget-tokenBitget Token (BGB) $ 5.77
  • pepePepe (PEPE) $ 0.000016
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  • wrapped-eethWrapped eETH (WEETH) $ 2,883.82
  • wrapped-eethWrapped eETH (WEETH) $ 2,883.82
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.997640
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  • pi-networkPi Network (PI) $ 0.809080
  • pi-networkPi Network (PI) $ 0.809080
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,884.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,884.00
  • whitebitWhiteBIT Coin (WBT) $ 31.73
  • whitebitWhiteBIT Coin (WBT) $ 31.73
  • bittensorBittensor (TAO) $ 465.80
  • bittensorBittensor (TAO) $ 465.80
  • uniswapUniswap (UNI) $ 6.56
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  • aaveAave (AAVE) $ 257.38
  • aaveAave (AAVE) $ 257.38
  • nearNEAR Protocol (NEAR) $ 3.08
  • nearNEAR Protocol (NEAR) $ 3.08
  • aptosAptos (APT) $ 5.89
  • aptosAptos (APT) $ 5.89
  • daiDai (DAI) $ 0.999717
  • daiDai (DAI) $ 0.999717
  • jito-staked-solJito Staked SOL (JITOSOL) $ 218.80
  • jito-staked-solJito Staked SOL (JITOSOL) $ 218.80
  • ondo-financeOndo (ONDO) $ 1.03
  • ondo-financeOndo (ONDO) $ 1.03
  • okbOKB (OKB) $ 53.00
  • okbOKB (OKB) $ 53.00
  • kaspaKaspa (KAS) $ 0.116260
  • kaspaKaspa (KAS) $ 0.116260
  • internet-computerInternet Computer (ICP) $ 5.71
  • internet-computerInternet Computer (ICP) $ 5.71
  • crypto-com-chainCronos (CRO) $ 0.100329
  • crypto-com-chainCronos (CRO) $ 0.100329
  • ethereum-classicEthereum Classic (ETC) $ 19.70
  • ethereum-classicEthereum Classic (ETC) $ 19.70
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.11
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.11
  • official-trumpOfficial Trump (TRUMP) $ 14.22
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  • render-tokenRender (RENDER) $ 5.21
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  • gatechain-tokenGate (GT) $ 21.95
  • gatechain-tokenGate (GT) $ 21.95
  • vechainVeChain (VET) $ 0.030681
  • vechainVeChain (VET) $ 0.030681
  • mantleMantle (MNT) $ 0.768166
  • mantleMantle (MNT) $ 0.768166
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • ethenaEthena (ENA) $ 0.422469
  • ethenaEthena (ENA) $ 0.422469
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.918585
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.918585
  • cosmosCosmos Hub (ATOM) $ 5.22
  • cosmosCosmos Hub (ATOM) $ 5.22
  • worldcoin-wldWorldcoin (WLD) $ 1.55
  • worldcoin-wldWorldcoin (WLD) $ 1.55
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.252499
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.252499
  • susdssUSDS (SUSDS) $ 1.05
  • susdssUSDS (SUSDS) $ 1.05
  • usd1-wlfiUSD1 (USD1) $ 0.998538
  • usd1-wlfiUSD1 (USD1) $ 0.998538
  • arbitrumArbitrum (ARB) $ 0.432575
  • arbitrumArbitrum (ARB) $ 0.432575
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,863.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,863.00
  • algorandAlgorand (ALGO) $ 0.243060
  • algorandAlgorand (ALGO) $ 0.243060
  • filecoinFilecoin (FIL) $ 3.08
  • filecoinFilecoin (FIL) $ 3.08
  • fasttokenFasttoken (FTN) $ 4.39
  • fasttokenFasttoken (FTN) $ 4.39
  • celestiaCelestia (TIA) $ 2.88
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  • bonkBonk (BONK) $ 0.000023
  • bonkBonk (BONK) $ 0.000023
  • jupiter-exchange-solanaJupiter (JUP) $ 0.600617
  • jupiter-exchange-solanaJupiter (JUP) $ 0.600617
  • sonic-3Sonic (prev. FTM) (S) $ 0.534213
  • sonic-3Sonic (prev. FTM) (S) $ 0.534213
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,681.34
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,681.34
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998873
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998873
  • binance-staked-solBinance Staked SOL (BNSOL) $ 192.07
  • binance-staked-solBinance Staked SOL (BNSOL) $ 192.07
  • fartcoinFartcoin (FARTCOIN) $ 1.56
  • fartcoinFartcoin (FARTCOIN) $ 1.56
  • blockstackStacks (STX) $ 0.993331
  • blockstackStacks (STX) $ 0.993331
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,808.30
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,808.30
  • kucoin-sharesKuCoin (KCS) $ 11.55
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  • quant-networkQuant (QNT) $ 98.71
  • quant-networkQuant (QNT) $ 98.71
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.19
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.19
  • injective-protocolInjective (INJ) $ 14.66
  • injective-protocolInjective (INJ) $ 14.66
  • optimismOptimism (OP) $ 0.818476
  • optimismOptimism (OP) $ 0.818476
  • story-2Story (IP) $ 4.72
  • story-2Story (IP) $ 4.72
  • immutable-xImmutable (IMX) $ 0.713903
  • immutable-xImmutable (IMX) $ 0.713903
  • sei-networkSei (SEI) $ 0.246606
  • sei-networkSei (SEI) $ 0.246606
  • dogwifcoindogwifhat (WIF) $ 1.29
  • dogwifcoindogwifhat (WIF) $ 1.29
  • flare-networksFlare (FLR) $ 0.019463
  • flare-networksFlare (FLR) $ 0.019463
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,059.26
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,059.26
  • nexoNEXO (NEXO) $ 1.25
  • nexoNEXO (NEXO) $ 1.25
  • eosEOS (EOS) $ 0.768298
  • eosEOS (EOS) $ 0.768298
  • the-graphThe Graph (GRT) $ 0.120842
  • the-graphThe Graph (GRT) $ 0.120842
  • usdt0USDT0 (USDT0) $ 0.999104
  • usdt0USDT0 (USDT0) $ 0.999104
  • xdce-crowd-saleXDC Network (XDC) $ 0.072567
  • xdce-crowd-saleXDC Network (XDC) $ 0.072567
  • curve-dao-tokenCurve DAO (CRV) $ 0.842198
  • curve-dao-tokenCurve DAO (CRV) $ 0.842198
  • makerMaker (MKR) $ 1,776.99
  • makerMaker (MKR) $ 1,776.99
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 111,193.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 111,193.00
  • flokiFLOKI (FLOKI) $ 0.000113
  • flokiFLOKI (FLOKI) $ 0.000113

Ethereum Price Struggles—Is Another Breakdown on The Horizon?

0 21

Ethereum Price Struggles—Is Another Breakdown on The Horizon?

Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break.

  • Ethereum struggled to continue higher above the $2,050 resistance level.
  • The price is trading below $2,020 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $2,040 and $2,100 resistance levels to start a decent increase.

Ethereum Price Dips Again

Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin. ETH declined below the $2,040 and $2,020 support levels.

It tested the $1,980 zone. A low was formed at $1,982 and the price recently attempted a fresh upward move. There was a move above the $2,020 level. The price tested the 50% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low.

Ethereum price is now trading below $2,020 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $2,040 level. The next key resistance is near the $2,050 level and the 61.8% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low. The first major resistance is near the $2,095 level.

Ethereum Price Struggles—Is Another Breakdown on The Horizon?

A clear move above the $2,095 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.

Downside Break In ETH?

If Ethereum fails to clear the $2,040 resistance, it could start another decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone.

A clear move below the $1,980 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,820 support level in the near term. The next key support sits at $1,750.

Technical Indicators

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

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

Major Support Level – $1,980

Major Resistance Level – $2,040

Source

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