{"id":49356,"date":"2025-03-04T03:18:57","date_gmt":"2025-03-04T03:18:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49356"},"modified":"2025-03-04T03:18:57","modified_gmt":"2025-03-04T03:18:57","slug":"ethereum-price-crashes-to-2000-is-more-downside-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49356","title":{"rendered":"Ethereum Price Crashes to $2,000\u2014Is More Downside Ahead?"},"content":{"rendered":"

Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term.<\/em><\/p>\n

Ethereum started a fresh decline below the $2,350 support zone.
\nThe price is trading below $2,250 and the 100-hourly Simple Moving Average.
\nThere is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave.<\/p>\n

Ethereum Price Dives 15%<\/h2>\n

Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline, like Bitcoin<\/a>. ETH gained bearish momentum below the $2,400 and $2,350 support levels.<\/p>\n

There was a clear move below the $2,250 support zone and the 100-hourly Simple Moving Average. The price even dived below the last low and tested the $2,000 zone. A low was formed at $2,003 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low.<\/p>\n

Ethereum price is now trading below $2,250 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $2,080 level. The first major resistance is near the $2,150 level.<\/p>\n

There is also a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH\/USD. The main resistance is now forming near $2,275 and the 50% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low.<\/p>\n

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

A clear move above the $2,275 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term.<\/p>\n

Another Decline In ETH?<\/h2>\n

If Ethereum fails to clear the $2,160 resistance, it could start another decline. Initial support on the downside is near the $2,020 level. The first major support sits near the $2,000 zone.<\/p>\n

A clear move below the $2,000 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,640.<\/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 $2,000<\/p>\n

Major Resistance Level \u2013 $2,160<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":49357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49356","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\/49356"}],"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=49356"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49357"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}