• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Bitcoin ATH Countdown: Record Price Breakout Imminent

2025-05-18

If You’re Allocated Right — The Future Is Bright 💸🚀

2025-05-18

Cryptocurrency Explained: 101 Beginner’s Guide For 2025!!

2025-05-18

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-09

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09
  • Videos

    Bitcoin ATH Countdown: Record Price Breakout Imminent

    2025-05-18

    If You’re Allocated Right — The Future Is Bright 💸🚀

    2025-05-18

    Cryptocurrency Explained: 101 Beginner’s Guide For 2025!!

    2025-05-18

    Bessent Revealed ALL: Trump’s Crypto Plans & Trade Deals!

    2025-05-17

    Bitcoin, Burgers, Shakes, and America

    2025-05-17
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet
Analysis

Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

2023-12-13No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is moving lower below the $2,250 support zone. ETH is now at risk of more downsides below the $2,120 support zone.

  • Ethereum struggled to start a fresh increase above the $2,250 resistance.
  • The price is trading below $2,250 and the 100-hourly Simple Moving Average.
  • There is a key declining channel forming with resistance near $2,225 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it declines below the $2,120 support zone.

Ethereum Price Takes Hit

Ethereum price attempted a fresh increase above the $2,120 and $2,150 levels. ETH even climbed above the $2,200 level, but the bears were active near the $2,250 level. A high was formed near $2,252 and the price started a fresh decline, like Bitcoin.

There was a move below the $2,200 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $1,980 swing low to the $2,252 high.

Ethereum is now trading below $2,250 and the 100-hourly Simple Moving Average. There is also a key declining channel forming with resistance near $2,225 on the hourly chart of ETH/USD. If there is a fresh increase, the pair might face resistance near the $2,200 level.

Ethereum Price

Source: ETHUSD on TradingView.com

The next key resistance is near the $2,225 level or the channel trend line. The main resistance is still near $2,250. A clear move above the $2,250 zone could send the price toward the $2,300 level. The next resistance sits at $2,350. Any more gains could start a wave toward the $2,500 level.

See also  Bitcoin Price Nears Next Key Move, 100 SMA Is The Key

More Losses in ETH?

If Ethereum fails to clear the $2,225 resistance, it could continue to move down. Initial support on the downside is near the $2,120 level or the 50% Fib retracement level of the upward move from the $1,980 swing low to the $2,252 high.

The next key support is $2,045. The main support is now near $2,000. A downside break below $2,000 might start another major decline. In the stated case, Ether could revisit the $1,880 support. Any more losses might call for a test of the $1,820 support zone in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 level.

Major Support Level – $2,120

Major Resistance Level – $2,225

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Bears Decline Ethereum isnt Price pushing
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin ATH Countdown: Record Price Breakout Imminent

2025-05-18

WHY Tesla’s Lead is UNTOUCHABLE! 🚀📊 + Price Predictions!

2025-05-08

ETHEREUM.. Sell? Hold? Switch to Bitcoin? 🤔

2025-05-05

$TRUMP to $100!? (BUY BEFORE MAY 22!!) $TRUMP PRICE PREDICTION

2025-05-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Bitcoin Will Reach $175,000 If Prices Break Above This Rising Channel, Trader Claims

2023-07-22

Bitcoin’s six-year range inside a rising channel has drawn the attention of a curious but…

Bitcoin

Bitcoin traders should be ready to sweep the market unless BTC…

2023-08-21

The $25,000 to $30,000 range still serves as an opportunity zone to buy BTC. Market…

Videos

BULLISH BIT: Bitcoiners Unite Globally

2023-09-20

Checkout the full video: https://youtube.com/live/LLBb6brWPVU Bitrefill is the easiest way to shop and live on…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Bitcoin ATH Countdown: Record Price Breakout Imminent

2025-05-18

If You’re Allocated Right — The Future Is Bright 💸🚀

2025-05-18

Cryptocurrency Explained: 101 Beginner’s Guide For 2025!!

2025-05-18

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 105,314.22
ethereum
Ethereum (ETH) $ 2,515.25
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 644.52
solana
Solana (SOL) $ 166.55
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.22074
cardano
Cardano (ADA) $ 0.72937
tron
TRON (TRX) $ 0.27332
bitcoin
Bitcoin (BTC) $ 105,314.22
ethereum
Ethereum (ETH) $ 2,515.25
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 644.52
solana
Solana (SOL) $ 166.55
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.22074
cardano
Cardano (ADA) $ 0.72937
tron
TRON (TRX) $ 0.27332