{"id":74777,"date":"2025-06-20T03:08:31","date_gmt":"2025-06-20T03:08:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=74777"},"modified":"2025-06-20T03:08:31","modified_gmt":"2025-06-20T03:08:31","slug":"ethereum-price-stuck-in-a-range-are-bulls-ready-to-break-out","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=74777","title":{"rendered":"Ethereum Price Stuck In a Range \u2014 Are Bulls Ready to Break Out?"},"content":{"rendered":"

Ethereum price started a fresh decline below the $2,600 zone. ETH is now consolidating losses and might attempt to recover above the $2,550 resistance.<\/em><\/p>\n

Ethereum started a fresh decline below the $2,580 level.
\nThe price is trading below $2,550 and the 100-hourly Simple Moving Average.
\nThere is a rising channel forming with support at $2,490 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it settles above the $2,620 resistance zone in the near term.<\/p>\n

Ethereum Price Eyes Upside Break<\/h2>\n

Ethereum price started a fresh decline below the $2,600 support level, like Bitcoin<\/a>. ETH price declined below the $2,550 and $2,540 levels.<\/p>\n

The bears even pushed the price below the $2,500 level. The pair tested the $2,450 zone and started a consolidation phase. There was a minor move above the $2,520 level. The price climbed above the 23.6% Fib retracement level of the downward move<\/a> from the $2,680 swing high to the $2,456 low.<\/p>\n

Ethereum price is now trading below $2,540 and the 100-hourly Simple Moving Average. Besides, there is a rising channel forming with support at $2,490 on the hourly chart of ETH\/USD.<\/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 $2,680 swing high to the $2,456 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 $2,660 resistance. An upside break above the $2,660 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,565 resistance, it could start a fresh decline. Initial support on the downside is near the $2,490 level. The first major support sits near the $2,455 zone.<\/p>\n

A clear move below the $2,455 support might push the price toward the $2,360 support. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250.<\/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 above the 50 zone.<\/p>\n

Major Support Level \u2013 $2,455<\/p>\n

Major Resistance Level \u2013 $2,565<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline below the $2,600 zone. ETH is now consolidating losses and might attempt to recover above the $2,550 resistance. Ethereum started a fresh decline below the $2,580 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a rising channel forming with support at $2,490 […]<\/p>\n","protected":false},"author":0,"featured_media":74778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74777","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\/74777"}],"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=74777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/74777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/74778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}