{"id":154579,"date":"2026-04-23T03:18:47","date_gmt":"2026-04-23T03:18:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=154579"},"modified":"2026-04-23T03:18:47","modified_gmt":"2026-04-23T03:18:47","slug":"ethereum-price-rejected-above-2400-upside-momentum-starts-to-fade","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=154579","title":{"rendered":"Ethereum Price Rejected Above $2,400, Upside Momentum Starts To Fade"},"content":{"rendered":"

Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,425.<\/em><\/p>\n

Ethereum started a steady increase above the $2,380 zone.
\nThe price is trading above $2,350 and the 100-hourly Simple Moving Average.
\nThere is a bullish trend line forming with support at $2,320 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move up if it stays above the $2,320 zone.<\/p>\n

Ethereum Price Corrects Recent Gains<\/h2>\n

Ethereum price managed to stay above the $2,250 support and started a fresh increase, like Bitcoin<\/a>. ETH price gained pace for a move above $2,350 and $2,380.<\/p>\n

The last swing high was formed at $2,424 before there was a downside correction. The price dipped below the $2,380 level. There was a move below the 38.2% Fib retracement level of the upward move from the $2,258 swing low to the $2,424 high.<\/p>\n

Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average<\/a>. There is also a bullish trend line forming with support at $2,320 on the hourly chart of ETH\/USD.<\/p>\n

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

If the bulls remain in action above $2,300, the price could attempt another increase. Immediate resistance is seen near the $2,385 level. The first key resistance is near the $2,400 level. The next major resistance is near the $2,420 level. A clear move above the $2,420 resistance might send the price toward the $2,440 resistance. An upside break above the $2,440 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term.<\/p>\n

Another Decline In ETH?<\/h2>\n

If Ethereum fails to clear the $2,420 resistance, it could start a downside correction. Initial support on the downside is near the $2,340 level or the 50% Fib retracement level of the upward move from the $2,258 swing low to the $2,424 high. The first major support sits near the $2,320 zone.<\/p>\n

A clear move below the $2,320 support might push the price toward the $2,285 support. Any more losses might send the price toward the $2,250 region. The main support could be $2,200.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $2,320<\/p>\n

Major Resistance Level \u2013 $2,385<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,425. Ethereum started a steady increase above the $2,380 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":154580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-154579","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\/154579"}],"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=154579"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/154579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/154580"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=154579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=154579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=154579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}