{"id":73807,"date":"2025-06-17T03:28:18","date_gmt":"2025-06-17T03:28:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=73807"},"modified":"2025-06-17T03:28:18","modified_gmt":"2025-06-17T03:28:18","slug":"ethereum-price-shows-weakness-eyes-key-support-as-bears-loom","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=73807","title":{"rendered":"Ethereum Price Shows Weakness, Eyes Key Support as Bears Loom"},"content":{"rendered":"

Ethereum price attempted a fresh increase above $2,600. ETH is now trimming gains and might struggle to stay above the $2,500 support.<\/em><\/p>\n

Ethereum started a fresh decline below the $2,600 level.
\nThe price is trading below $2,575 and the 100-hourly Simple Moving Average.
\nThere is a bullish trend line forming with support at $2,525 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it stays above the $2,500 zone in the near term.<\/p>\n

Ethereum Price Corrects Gains<\/h2>\n

Ethereum price found support near $2,440 and started a recovery wave, like Bitcoin<\/a>. ETH price recovered above the $2,500 and $2,550 resistance levels.<\/p>\n

The price even spiked above the $2,620 resistance<\/a>. There was a move above the 23.6% Fib retracement level of the downward move from the $2,880 swing high to the $2,440 low. However, the bears remained active near the $2,660 resistance zone.<\/p>\n

The bears defended the 50% Fib retracement level of the downward move from the $2,880 swing high to the $2,440 low. The price is again moving lower below $2,600. Ethereum price is now trading below $2,575 and the 100-hourly Simple Moving Average.<\/p>\n

Besides, there is a bullish trend line forming with support at $2,525 on the hourly chart of ETH\/USD. On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,640 level. The first major resistance is near the $2,660 level.<\/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 $2,800 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 $2,540 level. The first major support sits near the $2,525 zone and the trend line.<\/p>\n

A clear move below the $2,525 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 $2,350.<\/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 below the 50 zone.<\/p>\n

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

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

Ethereum price attempted a fresh increase above $2,600. ETH is now trimming gains and might struggle to stay above the $2,500 support. Ethereum started a fresh decline below the $2,600 level. The price is trading below $2,575 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,525 on […]<\/p>\n","protected":false},"author":0,"featured_media":73808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73807","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\/73807"}],"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=73807"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/73808"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}