{"id":55057,"date":"2025-03-28T03:28:47","date_gmt":"2025-03-28T03:28:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=55057"},"modified":"2025-03-28T03:28:47","modified_gmt":"2025-03-28T03:28:47","slug":"ethereum-price-struggles-is-another-breakdown-on-the-horizon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=55057","title":{"rendered":"Ethereum Price Struggles\u2014Is Another Breakdown on The Horizon?"},"content":{"rendered":"

Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break.<\/em><\/p>\n

Ethereum struggled to continue higher above the $2,050 resistance level.
\nThe price is trading below $2,020 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear the $2,040 and $2,100 resistance levels to start a decent increase.<\/p>\n

Ethereum Price Dips Again<\/h2>\n

Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin<\/a>. ETH declined below the $2,040 and $2,020 support levels.<\/p>\n

It tested the $1,980 zone. A low was formed at $1,982 and the price recently attempted a fresh upward move. There was a move above the $2,020 level. The price tested the 50% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low.<\/p>\n

Ethereum price is now trading below $2,020 and the 100-hourly Simple Moving Average<\/a>. There is also a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price seems to be facing hurdles near the $2,040 level. The next key resistance is near the $2,050 level and the 61.8% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low. The first major resistance is near the $2,095 level.<\/p>\n

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

A clear move above the $2,095 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,040 resistance, it could start another decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone.<\/p>\n

A clear move below the $1,980 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,820 support level in the near term. The next key support sits at $1,750.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $2,040<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break. Ethereum struggled to continue higher above the $2,050 resistance level. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,040 on […]<\/p>\n","protected":false},"author":0,"featured_media":55058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55057","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\/55057"}],"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=55057"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/55057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/55058"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}