{"id":67295,"date":"2025-05-19T03:08:41","date_gmt":"2025-05-19T03:08:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67295"},"modified":"2025-05-19T03:08:41","modified_gmt":"2025-05-19T03:08:41","slug":"ethereum-price-fails-to-break-through-whats-holding-it-back","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67295","title":{"rendered":"Ethereum Price Fails to Break Through \u2014 What\u2019s Holding It Back?"},"content":{"rendered":"

Ethereum price corrected gains and tested the $2,320 zone. ETH is now struggling and might decline toward the $2,220 support zone.<\/em><\/p>\n

Ethereum started a correction from the $2,580 zone and tested $2,320.
\nThe price is trading below $2,500 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $2,540 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain strength if it clears the $2,550 resistance in the near term.<\/p>\n

Ethereum Price Dips Again<\/h2>\n

Ethereum price struggled to clear the $2,520 resistance and started a downside correction, unlike Bitcoin<\/a>. ETH traded below the $2,500 and $2,440 support levels.<\/p>\n

The bears were able to push the price below the 50% Fib retracement level of the upward move from the $2,308 swing low to the $2,509 high. The price even spiked below the $2,440 level, but the bulls were active near the $2,400 zone.<\/p>\n

The price is stable above the 61.8% Fib retracement level of the upward move from the $2,308 swing low to the $2,509 high. Ethereum price is now trading below $2,450 and the 100-hourly Simple Moving Average<\/a>. There is also a connecting bearish trend line forming with resistance at $2,540 on the hourly chart of ETH\/USD.<\/p>\n

If there is another increase, the price could face resistance near the $2,460 level. The next key resistance is near the $2,500 level. The first major resistance is near the $2,550 level and the trend line. A clear move above the $2,550 resistance might send the price toward the $2,580 resistance.<\/p>\n

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

An upside break above the $2,580 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,700 resistance zone or even $2,780 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,500 resistance, it could start a fresh decline. Initial support on the downside is near the $2,400 level. The first major support sits near the $2,350 zone.<\/p>\n

A clear move below the $2,350 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,120.<\/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 $2,400<\/p>\n

Major Resistance Level \u2013 $2,500<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price corrected gains and tested the $2,320 zone. ETH is now struggling and might decline toward the $2,220 support zone. Ethereum started a correction from the $2,580 zone and tested $2,320. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":67296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67295","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\/67295"}],"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=67295"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67296"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}