{"id":164145,"date":"2026-05-12T03:08:09","date_gmt":"2026-05-12T03:08:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=164145"},"modified":"2026-05-12T03:08:09","modified_gmt":"2026-05-12T03:08:09","slug":"ethereum-price-rejected-near-2400-again-sellers-defend-key-barrier","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=164145","title":{"rendered":"Ethereum Price Rejected Near $2,400 Again, Sellers Defend Key Barrier"},"content":{"rendered":"

Ethereum price started a downside correction from $2,380. ETH is now showing a few bearish signs and might decline further if it trades below $2,300.<\/em><\/p>\n

Ethereum started a downside correction below the $2,360 zone.
\nThe price is trading below $2,350 and the 100-hourly Simple Moving Average.
\nThere was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $2,350 zone.<\/p>\n

Ethereum Price Dips Again<\/h2>\n

Ethereum price failed to stay above the $2,365 zone and extended its decline, like Bitcoin<\/a>. ETH price gained pace for a move below the $2,350 and $2,340 levels.<\/p>\n

There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH\/USD. The bears pushed the price below the 50% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high.<\/p>\n

Finally, the bulls appeared near $2,300. Ethereum price is now trading below $2,340 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,300, the price could attempt another increase<\/a>. Immediate resistance is seen near the $2,340 level. The first key resistance is near the $2,365 level.<\/p>\n

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

The next major resistance is near the $2,380 level. A clear move above the $2,380 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

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

If Ethereum fails to clear the $2,350 resistance, it could start a fresh decline. Initial support on the downside is near the $2,300 level and the 76.4% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high. 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 $2,150.<\/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 $2,300<\/p>\n

Major Resistance Level \u2013 $2,380<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction from $2,380. ETH is now showing a few bearish signs and might decline further if it trades below $2,300. Ethereum started a downside correction below the $2,360 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":164146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164145","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\/164145"}],"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=164145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/164145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/164146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=164145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=164145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=164145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}