{"id":70293,"date":"2025-05-30T02:08:50","date_gmt":"2025-05-30T02:08:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70293"},"modified":"2025-05-30T02:08:50","modified_gmt":"2025-05-30T02:08:50","slug":"ethereum-price-faces-mild-correction-support-levels-in-focus","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70293","title":{"rendered":"Ethereum Price Faces Mild Correction \u2014 Support Levels in Focus"},"content":{"rendered":"

Ethereum price started a fresh decline from the $2,780 resistance zone. ETH is now trading below $2,650 and might continue to move down.<\/em><\/p>\n

Ethereum started a downside correction below the $2,700 level.
\nThe price is trading below $2,650 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line forming with support at $2,625 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend losses if it trades below the $2,550 support zone in the near term.<\/p>\n

Ethereum Price Dips Again<\/h2>\n

Ethereum price started a fresh increase from the $2,550 support zone, beating Bitcoin<\/a>. ETH price was able to recover above the $2,650 and $2,750 resistance levels before the bears appeared.<\/p>\n

A high was formed at $2,787 and the price is now correcting gains<\/a>. There was a move below the $2,700 support level. The price dipped below the 50% Fib retracement level of the upward move from the $2,463 swing low to the $2,787 high.<\/p>\n

Ethereum price is now trading below $2,650 and the 100-hourly Simple Moving Average. Besides, there was a break below a key bullish trend line forming with support at $2,625 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price could face resistance near the $2,625 level. The next key resistance is near the $2,650 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 $2,780 resistance.<\/p>\n

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

An upside break above the $2,780 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 $2,650 resistance, it could start a fresh decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,550 zone. It is close to the 76.4% Fib retracement level of the upward move from the $2,463 swing low to the $2,787 high.<\/p>\n

A clear move below the $2,550 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,440 support level in the near term. The next key support sits at $2,400.<\/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 $2,550<\/p>\n

Major Resistance Level \u2013 $2,650<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline from the $2,780 resistance zone. ETH is now trading below $2,650 and might continue to move down. Ethereum started a downside correction below the $2,700 level. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":70294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70293","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\/70293"}],"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=70293"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70294"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}