{"id":116817,"date":"2025-12-01T04:28:44","date_gmt":"2025-12-01T04:28:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=116817"},"modified":"2025-12-01T04:28:44","modified_gmt":"2025-12-01T04:28:44","slug":"ethereum-dives-below-2880-as-bears-tighten-their-grip-on-the-trend","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=116817","title":{"rendered":"Ethereum Dives Below $2,880 as Bears Tighten Their Grip on the Trend"},"content":{"rendered":"

Ethereum price started a fresh decline below $2,95<\/em>0. ETH is down over 5%, trading below $2,880, and might continue to move down.<\/em><\/p>\n

Ethereum started a fresh decline below $2,950 and $2,900.
\nThe price is trading below $2,880 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it settles below the $2,800 zone.<\/p>\n

Ethereum Price Dips Over 5%<\/h2>\n

Ethereum price failed to stay above $3,000 and started a fresh decline, like Bitcoin<\/a>. ETH price declined below $2,880 to enter a bearish zone.<\/p>\n

There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH\/USD. The bears even pushed the price below $2,850. A low was formed at $2,815 and the price is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low.<\/p>\n

Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average<\/a>. If there is another upward move, the price could face resistance near the $2,880 level.<\/p>\n

<\/a><\/p>\n

The next key resistance is near the $2,940 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. The first major resistance is near the $2,960 level. A clear move above the $2,960 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term.<\/p>\n

More Losses In ETH?<\/h2>\n

If Ethereum fails to clear the $2,960 resistance, it could start a fresh decline. Initial support on the downside is near the $2,820 level. The first major support sits near the $2,800 zone.<\/p>\n

A clear move below the $2,800 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,720 region in the near term. The next key support sits at $2,650 and $2,620.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n

Major Support Level \u2013 $2,800<\/p>\n

Major Resistance Level \u2013 $2,940<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline below $2,950. ETH is down over 5%, trading below $2,880, and might continue to move down. Ethereum started a fresh decline below $2,950 and $2,900. The price is trading below $2,880 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support […]<\/p>\n","protected":false},"author":0,"featured_media":116818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-116817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116817"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116817"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/116818"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}