{"id":174024,"date":"2026-06-03T01:58:38","date_gmt":"2026-06-03T01:58:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=174024"},"modified":"2026-06-03T01:58:38","modified_gmt":"2026-06-03T01:58:38","slug":"ethereum-price-gets-crushed-to-1840-amid-relentless-selling-pressure","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=174024","title":{"rendered":"Ethereum Price Gets Crushed To $1,840 Amid Relentless Selling Pressure"},"content":{"rendered":"

Ethereum price started a fresh decline and traded below $1,950. ETH is now consolidating below $1,920 and might continue to move down.<\/em><\/p>\n

Ethereum remained in a bearish zone after a fresh decline below $1,950.
\nThe price is trading below $1,950 and the 100-hourly Simple Moving Average.
\nThere was a break below a contracting triangle with support at $1,975 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $2,000 zone.<\/p>\n

Ethereum Price Extends Decline<\/h2>\n

Ethereum price failed to remain stable above $2,000 and started a fresh decline, like Bitcoin<\/a>. ETH price dipped below the $1,980 and $1,950 levels.<\/p>\n

There was a break below a contracting triangle with support at $1,975 on the hourly chart of ETH\/USD. The price even traded below $1,920. A low was formed at $1,836, and the price is now consolidating losses<\/a> well below the 23.6% Fib retracement level of the downward move from the $2,003 swing high to the $1,836 low.<\/p>\n

Ethereum price is now trading below $1,950 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,840, the price could attempt another increase. Immediate resistance is seen near the $1,880 level.<\/p>\n

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

The first key resistance is near the $1,900 level. The next major resistance is near the $1,920 level and the 50% Fib retracement level of the downward move from the $2,003 swing high to the $1,836 low. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,020 in the near term.<\/p>\n

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

If Ethereum fails to clear the $1,950 resistance, it could start a fresh decline. Initial support on the downside is near the $1,840 level. The first major support sits near the $1,820 zone.<\/p>\n

A clear move below the $1,820 support might push the price toward the $1,780 support. Any more losses might send the price toward the $1,740 region. The main support could be $1,720.<\/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 $1,840<\/p>\n

Major Resistance Level \u2013 $1,950<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline and traded below $1,950. ETH is now consolidating below $1,920 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,950. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There was a break below a contracting triangle with […]<\/p>\n","protected":false},"author":0,"featured_media":174025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-174024","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\/174024"}],"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=174024"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/174025"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}