{"id":157466,"date":"2026-04-28T03:18:14","date_gmt":"2026-04-28T03:18:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=157466"},"modified":"2026-04-28T03:18:14","modified_gmt":"2026-04-28T03:18:14","slug":"ethereum-price-drops-below-2350-recovery-hopes-start-to-fade","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=157466","title":{"rendered":"Ethereum Price Drops Below $2,350, Recovery Hopes Start To Fade"},"content":{"rendered":"

Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,265 and might struggle to recover.<\/em><\/p>\n

Ethereum started a downside correction from the $2,400 zone.
\nThe price is trading below $2,350 and the 100-hourly Simple Moving Average.
\nThere is a bearish trend line forming with resistance at $2,310 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it stays above the $2,350 zone.<\/p>\n

Ethereum Price Trims Gains<\/h2>\n

Ethereum price failed to remain stable above $2,380 and started a downside correction, like Bitcoin<\/a>. ETH price dipped below the $2,365 and $2,350 levels.<\/p>\n

The price even spiked below $2,300. A low was formed at $2,264, and the price is now consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,404 swing high to the $2,264 low.<\/p>\n

Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average<\/a>. If the bulls remain in action above $2,265, the price could attempt another increase. Immediate resistance is seen near the $2,310 level. There is also a bearish trend line forming with resistance at $2,310 on the hourly chart of ETH\/USD.<\/p>\n

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

The first key resistance is near the $2,335 level and the 50% Fib retracement level of the downward move from the $2,404 swing high to the $2,264 low. The next major resistance is near the $2,350 level. A clear move above the $2,350 resistance might send the price toward the $2,400 resistance. An upside break above the $2,400 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

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

If Ethereum fails to clear the $2,310 resistance, it could start a fresh decline. Initial support on the downside is near the $2,285 level. The first major support sits near the $2,265 zone.<\/p>\n

A clear move below the $2,265 support might push the price toward the $2,220 support. Any more losses might send the price toward the $2,200 region. The main support could be $2,120.<\/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 $2,265<\/p>\n

Major Resistance Level \u2013 $2,350<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,265 and might struggle to recover. Ethereum started a downside correction from the $2,400 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,310 on the […]<\/p>\n","protected":false},"author":0,"featured_media":157467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-157466","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\/157466"}],"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=157466"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/157466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/157467"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=157466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=157466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=157466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}