{"id":173146,"date":"2026-06-01T03:18:22","date_gmt":"2026-06-01T03:18:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=173146"},"modified":"2026-06-01T03:18:22","modified_gmt":"2026-06-01T03:18:22","slug":"ethereum-price-slide-may-not-be-over-yet-more-losses-loom","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=173146","title":{"rendered":"Ethereum Price Slide May Not Be Over Yet\u2014More Losses Loom"},"content":{"rendered":"

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down.<\/em><\/p>\n

Ethereum remained in a bearish zone after a fresh decline below $2,010.
\nThe price is trading below $2,010 and the 100-hourly Simple Moving Average.
\nThere was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $2,050 zone.<\/p>\n

Ethereum Price Remains At Risk of More Downside<\/h2>\n

Ethereum price failed to remain stable above $2,040 and started a fresh decline, like Bitcoin<\/a>. ETH price dipped below the $2,020 and $2,010 levels.<\/p>\n

The price even traded below $1,985. A low was formed at $1,965, and the price recently attempted a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward move<\/a> from the $2,140 swing high to the $1,965 low.<\/p>\n

However, the bears remained active near $2,040. The price dipped again below $2,020. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading below $2,010 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,980, the price could attempt another increase. Immediate resistance is seen near the $2,020 level. The first key resistance is near the $2,030 level.<\/p>\n

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

The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low. A clear move above the $2,050 resistance might send the price toward the $2,085 resistance. An upside break above the $2,085 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline. Initial support on the downside is near the $1,980 level. The first major support sits near the $1,965 zone.<\/p>\n

A clear move below the $1,965 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,850 region. The main support could be $1,780.<\/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 $1,980<\/p>\n

Major Resistance Level \u2013 $2,050<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,010. The price is trading below $2,010 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":173147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173146","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\/173146"}],"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=173146"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/173147"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}