{"id":66762,"date":"2025-05-16T03:08:03","date_gmt":"2025-05-16T03:08:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66762"},"modified":"2025-05-16T03:08:03","modified_gmt":"2025-05-16T03:08:03","slug":"ethereum-price-holding-strong-signs-point-to-a-new-upside-breakout","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66762","title":{"rendered":"Ethereum Price Holding Strong \u2014 Signs Point to a New Upside Breakout"},"content":{"rendered":"

Ethereum price corrected gains and tested the $2,500 zone. ETH is now again rising and might soon aim for a move above the $2,600 zone.<\/em><\/p>\n

Ethereum started a correction from the $2,740 zone and tested $2,500.
\nThe price is trading above $2,520 and the 100-hourly Simple Moving Average.
\nThere is a key declining channel or a possible bullish flag forming with resistance at $2,575 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain strength if it clears the $2,600 resistance in the near term.<\/p>\n

Ethereum Price Eyes Upside Break<\/h2>\n

Ethereum price struggled to clear the $2,740 resistance and started a downside correction, like Bitcoin<\/a>. ETH traded below the $2,700 and $2,650 support levels.<\/p>\n

The bears were able to push the price below the 50% Fib retracement level of the upward move from the $2,415 swing low to the $2,735 high. The price even spiked below the $2,520 level, but the bulls were active near the $2,500 zone.<\/p>\n

The price found support near the 76.4% Fib retracement level of the upward move from the $2,415 swing low to the $2,735 high. Ether is again rising from the $2,500 zone.<\/p>\n

Ethereum price is now trading above $2,520 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $2,575 level. There is also a key declining channel or a possible bullish flag forming with resistance at $2,575 on the hourly chart of ETH\/USD.<\/p>\n

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

The next key resistance is near the $2,600 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,735 resistance. An upside break above the $2,735 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,920 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,525 level. The first major support sits near the $2,500 zone.<\/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 gaining momentum in the bullish zone.<\/p>\n

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

Major Support Level \u2013 $2,500<\/p>\n

Major Resistance Level \u2013 $2,600<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price corrected gains and tested the $2,500 zone. ETH is now again rising and might soon aim for a move above the $2,600 zone. Ethereum started a correction from the $2,740 zone and tested $2,500. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a key declining channel or […]<\/p>\n","protected":false},"author":0,"featured_media":66763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66762","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\/66762"}],"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=66762"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66763"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}