{"id":71413,"date":"2025-06-04T01:48:56","date_gmt":"2025-06-04T01:48:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=71413"},"modified":"2025-06-04T01:48:56","modified_gmt":"2025-06-04T01:48:56","slug":"ethereum-price-aims-upside-break-can-the-bulls-regain-control","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=71413","title":{"rendered":"Ethereum Price Aims Upside Break, Can The Bulls Regain Control?"},"content":{"rendered":"

Ethereum price started a fresh increase from the $2,470 zone. ETH is now facing resistance near the $2,650 and $2,660 levels.<\/em><\/p>\n

Ethereum started a fresh increase above the $2,500 level.
\nThe price is trading above $2,500 and the 100-hourly Simple Moving Average.
\nThere was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend losses if it trades below the $2,545 support zone in the near term.<\/p>\n

Ethereum Price Faces Resistance<\/h2>\n

Ethereum price started a decent recovery wave from the $2,470 zone, beating Bitcoin<\/a>. ETH price was able to climb above the $2,500 and $2,540 resistance levels.<\/p>\n

The price cleared the 50% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low. However, the bears seem to be active below the $2,660 resistance zone. The price is again moving lower below the $2,600 level.<\/p>\n

There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH\/USD. Ethereum price is now trading above $2,540 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n

On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,650 level. The first major resistance is near the $2,660 level. It is near the 61.8% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low.<\/p>\n

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

A clear move above the $2,660 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,780 resistance zone or even $2,880 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,660 resistance, it could start a fresh decline. Initial support on the downside is near the $2,545 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 $2,470 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.<\/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 near the 50 zone.<\/p>\n

Major Support Level \u2013 $2,545<\/p>\n

Major Resistance Level \u2013 $2,660<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase from the $2,470 zone. ETH is now facing resistance near the $2,650 and $2,660 levels. Ethereum started a fresh increase above the $2,500 level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2,580 […]<\/p>\n","protected":false},"author":0,"featured_media":71414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71413","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\/71413"}],"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=71413"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/71414"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}