{"id":78970,"date":"2025-07-08T03:08:26","date_gmt":"2025-07-08T03:08:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=78970"},"modified":"2025-07-08T03:08:26","modified_gmt":"2025-07-08T03:08:26","slug":"ethereum-price-hits-support-can-it-launch-a-fresh-move-higher","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=78970","title":{"rendered":"Ethereum Price Hits Support \u2013 Can It Launch a Fresh Move Higher?"},"content":{"rendered":"

Ethereum price started a fresh increase above the $2,520 zone. ETH is now correcting some gains and might aim for a fresh move above $2,580.<\/em><\/p>\n

Ethereum started a fresh increase above the $2,520 level.
\nThe price is trading below $2,550 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2,530 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it remains supported above the $2,520 zone in the near term.<\/p>\n

Ethereum Price Revisits Support<\/h2>\n

Ethereum price started a fresh increase above the $2,550 zone, like Bitcoin<\/a>. ETH price gained pace for a move above the $2,565 resistance zone and entered a positive zone.<\/p>\n

The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. However, the bears remained active near the $2,600 resistance zone and protected more gains.<\/p>\n

The price faced rejection near the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n

ETH is now testing the $2,520 support. There is also a key bullish trend line forming with support at $2,530 on the hourly chart of ETH\/USD. On the upside, the price could face resistance near the $2,550 level. The next key resistance is near the $2,580 level. The first major resistance is near the $2,600 level. A clear move above the $2,600 resistance might send the price toward the $2,650 resistance.<\/p>\n

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

An upside break above the $2,650 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 $2,580 resistance, it could start a fresh decline. Initial support on the downside is near the $2,520 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 $2,450 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320.<\/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 $2,520<\/p>\n

Major Resistance Level \u2013 $2,600<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above the $2,520 zone. ETH is now correcting some gains and might aim for a fresh move above $2,580. Ethereum started a fresh increase above the $2,520 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":78971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78970","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\/78970"}],"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=78970"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/78970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/78971"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}