{"id":74075,"date":"2025-06-18T03:18:48","date_gmt":"2025-06-18T03:18:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=74075"},"modified":"2025-06-18T03:18:48","modified_gmt":"2025-06-18T03:18:48","slug":"ethereum-price-at-risk-of-downside-break-as-bears-test-key-support","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=74075","title":{"rendered":"Ethereum Price at Risk of Downside Break as Bears Test Key Support"},"content":{"rendered":"

Ethereum price failed to clear the $2,680 zone and declined. ETH is now consolidating losses and remains at risk of more losses below $2,500.<\/em><\/p>\n

Ethereum started a fresh decline below the $2,620 level.
\nThe price is trading below $2,550 and the 100-hourly Simple Moving Average.
\nThere was a break below a bullish trend line with support at $2,540 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 Dips Again<\/h2>\n

Ethereum price failed to gain pace for a move above $2,680 and started a fresh decline, like Bitcoin<\/a>. ETH price declined below the $2,620 and $2,600 levels.<\/p>\n

The bears even pushed the price below the $2,600 level. Besides, there was a break below a bullish trend line with support at $2,540 on the hourly chart of ETH\/USD. The pair tested the $2,450 zone and started a consolidation phase.<\/p>\n

There was a minor increase above the 23.6% Fib retracement level of the downward move<\/a> from the $2,679 swing high to the $2,455 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price could face resistance near the $2,540 level. The next key resistance is near the $2,565 level. It is close to the 50% Fib retracement level of the downward move from the $2,679 swing high to the $2,455 low. The first major resistance is near the $2,620 level.<\/p>\n

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

A clear move above the $2,620 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 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 $2,540 resistance, it could start a fresh decline. Initial support on the downside is near the $2,500 level. The first major support sits near the $2,450 zone.<\/p>\n

A clear move below the $2,450 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,240 support level in the near term. The next key support sits at $2,150.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $2,450<\/p>\n

Major Resistance Level \u2013 $2,540<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price failed to clear the $2,680 zone and declined. ETH is now consolidating losses and remains at risk of more losses below $2,500. Ethereum started a fresh decline below the $2,620 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":74077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74075","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\/74075"}],"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=74075"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/74075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/74077"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}