{"id":66456,"date":"2025-05-15T03:18:39","date_gmt":"2025-05-15T03:18:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66456"},"modified":"2025-05-15T03:18:39","modified_gmt":"2025-05-15T03:18:39","slug":"ethereum-price-dips-may-offer-buying-opportunity-bulls-eye-reentry","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66456","title":{"rendered":"Ethereum Price Dips May Offer Buying Opportunity \u2014 Bulls Eye Reentry"},"content":{"rendered":"

Ethereum price extended its increase above the $2,720 zone. ETH is now correcting gains and might revisit the $2,500 support zone.<\/em><\/p>\n

Ethereum started a fresh increase and cleared the $2,720 resistance.
\nThe price is trading above $2,520 and the 100-hourly Simple Moving Average.
\nThere is a short-term declining channel or a possible bullish flag forming with resistance at $2,630 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could find bids near $2,500 and start a fresh increase in the near term.<\/p>\n

Ethereum Price Dips Again<\/h2>\n

Ethereum price remained supported and started a fresh increase above $2,620, beating Bitcoin<\/a>. ETH gained pace for a move above the $2,650 resistance zone.<\/p>\n

The bulls were able to push the price above the $2,700 resistance zone. A high was formed at $2,736 and the price is now correcting gains. The price dipped below $2,650 and even spiked below the 50% Fib retracement level of the upward move from the $2,415 swing low to the $2,736 high.<\/p>\n

However, the bulls are still active above $2,550. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $2,620 level. There is also a short-term declining channel or a possible bullish flag forming with resistance at $2,630 on the hourly chart of ETH\/USD.<\/p>\n

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

The next key resistance is near the $2,680 level. The first major resistance is near the $2,720 level. A clear move above the $2,720 resistance might send the price toward the $2,820 resistance. An upside break above the $2,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone or even $2,950 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,630 resistance, it could start a fresh downside correction. Initial support on the downside is near the $2,575 level. The first major support sits near the $2,500 zone or the 76.4% Fib retracement level of the upward move from the $2,415 swing low to the $2,736 high.<\/p>\n

A clear move below the $2,500 support might push the price toward the $2,420 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n

Major Support Level \u2013 $2,575<\/p>\n

Major Resistance Level \u2013 $2,680<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price extended its increase above the $2,720 zone. ETH is now correcting gains and might revisit the $2,500 support zone. Ethereum started a fresh increase and cleared the $2,720 resistance. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a short-term declining channel or a possible bullish flag forming […]<\/p>\n","protected":false},"author":0,"featured_media":66457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66456","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\/66456"}],"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=66456"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66457"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}