{"id":177859,"date":"2026-06-10T03:48:51","date_gmt":"2026-06-10T03:48:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=177859"},"modified":"2026-06-10T03:48:51","modified_gmt":"2026-06-10T03:48:51","slug":"ethereum-price-looks-vulnerable-again-after-a-failed-recovery-attempt","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=177859","title":{"rendered":"Ethereum Price Looks Vulnerable Again After A Failed Recovery Attempt"},"content":{"rendered":"

Ethereum price started a downside correction from $1,720. ETH must clear the $1,670 and $1,700 resistance levels to continue higher.<\/em><\/p>\n

Ethereum started a downside correction below the $1,620 zone.
\nThe price is trading below $1,665 and the 100-hourly Simple Moving Average.
\nThere was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $1,680 zone.<\/p>\n

Ethereum Price Resumes Decline<\/h2>\n

Ethereum price failed to stay above the $1,700 zone and extended its decline, like Bitcoin<\/a>. ETH price gained pace for a move below the $1,680 and $1,665 levels.<\/p>\n

There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH\/USD. The bears pushed the price below the 38.2% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high.<\/p>\n

However, the bulls were active near the $1,610 level. Ethereum price is now trading below $1,680 and the 100-hourly Simple Moving Average<\/a>. If the bulls remain in action above $1,610, the price could attempt another increase.<\/p>\n

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

Immediate resistance is seen near the $1,665 level. The first key resistance is near the $1,680 level. The next major resistance is near the $1,710 level. A clear move above the $1,710 resistance might send the price toward the $1,750 resistance. An upside break above the $1,750 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,840 resistance zone or even $1,850 in the near term.<\/p>\n

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

If Ethereum fails to clear the $1,710 resistance, it could start a fresh decline. Initial support on the downside is near the $1,610 level. The first major support sits near the $1,585 zone or the 61.8% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high.<\/p>\n

A clear move below the $1,585 support might push the price toward the $1,550 support. Any more losses might send the price toward the $1,520 region. The main support could be $1,500.<\/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 $1,550<\/p>\n

Major Resistance Level \u2013 $1,710<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a downside correction from $1,720. ETH must clear the $1,670 and $1,700 resistance levels to continue higher. Ethereum started a downside correction below the $1,620 zone. The price is trading below $1,665 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $1,700 on […]<\/p>\n","protected":false},"author":0,"featured_media":177860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-177859","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\/177859"}],"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=177859"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/177860"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=177859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=177859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=177859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}