{"id":162569,"date":"2026-05-08T04:58:13","date_gmt":"2026-05-08T04:58:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=162569"},"modified":"2026-05-08T04:58:13","modified_gmt":"2026-05-08T04:58:13","slug":"ethereum-price-extends-decline-as-2220-support-comes-into-play","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=162569","title":{"rendered":"Ethereum Price Extends Decline As $2,220 Support Comes Into Play"},"content":{"rendered":"

Ethereum price started a downside correction below $2,350. ETH is now showing a few bearish signs and might decline further if it trades below $2,265.<\/em><\/p>\n

Ethereum started a downside correction below the $2,365 zone.
\nThe price is trading below $2,320 and the 100-hourly Simple Moving Average.
\nThere is a bearish trend line forming with resistance at $2,315 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $2,325 zone.<\/p>\n

Ethereum Price Dips Further<\/h2>\n

Ethereum price failed to stay above the $2,350 zone and extended its decline, like Bitcoin<\/a>. ETH price gained pace for a move below the $2,320 and $2,300 levels.<\/p>\n

The bears pushed the price below the 50% Fib retracement level of the upward move from the $2,220 swing low to the $2,423 high. Finally, the bulls appeared near $2,265. Besides, there is a bearish trend line forming with resistance at $2,315 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading below $2,320 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 $2,300 level. The first key resistance is near the $2,320 level.<\/p>\n

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

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 $2,440 resistance zone or even $2,450 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,320 resistance, it could start a fresh decline. Initial support on the downside is near the $2,265 level and the 76.4% Fib retracement level of the upward move from the $2,220 swing low to the $2,423 high. The first major support sits near the $2,240 zone.<\/p>\n

A clear move below the $2,240 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 $2,150.<\/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 $2,320<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction below $2,350. ETH is now showing a few bearish signs and might decline further if it trades below $2,265. Ethereum started a downside correction below the $2,365 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":162570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-162569","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\/162569"}],"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=162569"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/162569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/162570"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=162569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=162569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}