{"id":75313,"date":"2025-06-23T03:28:45","date_gmt":"2025-06-23T03:28:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=75313"},"modified":"2025-06-23T03:28:45","modified_gmt":"2025-06-23T03:28:45","slug":"ethereum-price-slides-10-market-sentiment-turns-cautious","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=75313","title":{"rendered":"Ethereum Price Slides 10% \u2014 Market Sentiment Turns Cautious"},"content":{"rendered":"

Ethereum price started a fresh decline below the $2,500 zone. ETH is now consolidating losses and might attempt to recover above the $2,250 resistance.<\/em><\/p>\n

Ethereum started a fresh decline below the $2,350 level.
\nThe price is trading below $2,350 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it settles above the $2,320 resistance zone in the near term.<\/p>\n

Ethereum Price Eyes Recovery<\/h2>\n

Ethereum price started a fresh decline below the $2,500 support level, like Bitcoin<\/a>. ETH price declined below the $2,350 and $2,250 levels.<\/p>\n

The bears even pushed the price below the $2,200 level. The pair tested the $2,120 zone and started a consolidation phase. There was a minor move above the $2,200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low.<\/p>\n

Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price could face resistance near the $2,250 level. There is also a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH\/USD.<\/p>\n

The next key resistance is near the $2,340 level. It is close to the 50% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. The first major resistance is near the $2,400 level.<\/p>\n

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

A clear move above the $2,400 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,340 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level. The first major support sits near the $2,150 zone.<\/p>\n

A clear move below the $2,150 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,050 support level in the near term. The next key support sits at $2,000.<\/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 $2,150<\/p>\n

Major Resistance Level \u2013 $2,340<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline below the $2,500 zone. ETH is now consolidating losses and might attempt to recover above the $2,250 resistance. Ethereum started a fresh decline below the $2,350 level. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":75314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75313","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\/75313"}],"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=75313"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75314"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}