{"id":170504,"date":"2026-05-26T04:48:39","date_gmt":"2026-05-26T04:48:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=170504"},"modified":"2026-05-26T04:48:39","modified_gmt":"2026-05-26T04:48:39","slug":"ethereum-price-buying-pressure-softens-traders-turn-increasingly-cautious","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=170504","title":{"rendered":"Ethereum Price Buying Pressure Softens, Traders Turn Increasingly Cautious"},"content":{"rendered":"

Ethereum price started a downside correction from $2,120. ETH must clear the $2,110 and $2,120 resistance levels to continue higher.<\/em><\/p>\n

Ethereum started a downside correction below the $2,110 zone.
\nThe price is trading below $2,095 and the 100-hourly Simple Moving Average.
\nThere was a break below a bullish trend line with support at $2,105 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $2,120 zone.<\/p>\n

Ethereum Price Dips Below Support<\/h2>\n

Ethereum price failed to stay above the $2,120 zone and extended its decline, like Bitcoin<\/a>. ETH price gained pace for a move below the $2,110 and $2,100 levels.<\/p>\n

The bears pushed the price below the 38.2% Fib retracement level of the upward move from the $2,000 swing low to the $2,148 high. Besides, there was a break below a bullish trend line with support at $2,105 on the hourly chart of ETH\/USD.<\/p>\n

However, the bulls were active near the $2,080 level. Ethereum price is now trading below $2,100 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,075, the price could attempt another increase<\/a>.<\/p>\n

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

Immediate resistance is seen near the $2,110 level. The first key resistance is near the $2,120 level. The next major resistance is near the $2,150 level. A clear move above the $2,150 resistance might send the price toward the $2,220 resistance. An upside break above the $2,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,075 level. The first major support sits near the $2,060 zone or the 61.8% Fib retracement level of the upward move from the $2,000 swing low to the $2,148 high.<\/p>\n

A clear move below the $2,060 support might push the price toward the $2,020 support. Any more losses might send the price toward the $2,000 region. The main support could be $1,940.<\/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 $2,060<\/p>\n

Major Resistance Level \u2013 $2,150<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction from $2,120. ETH must clear the $2,110 and $2,120 resistance levels to continue higher. Ethereum started a downside correction below the $2,110 zone. The price is trading below $2,095 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,105 on […]<\/p>\n","protected":false},"author":0,"featured_media":170505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-170504","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\/170504"}],"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=170504"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/170504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/170505"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=170504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=170504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=170504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}