{"id":11373,"date":"2026-04-30T04:11:05","date_gmt":"2026-04-30T04:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-downtrend-gains-pace-is-a-steeper-drop-ahead\/"},"modified":"2026-04-30T04:11:05","modified_gmt":"2026-04-30T04:11:05","slug":"ethereum-price-downtrend-gains-pace-is-a-steeper-drop-ahead","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-downtrend-gains-pace-is-a-steeper-drop-ahead\/","title":{"rendered":"Ethereum Price Downtrend Gains Pace\u2014Is A Steeper Drop Ahead?"},"content":{"rendered":"<p><em>Ethereum price started a fresh decline and traded below $2,265. ETH is now consolidating above $2,220 and might struggle to recover.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction below the $2,280 zone.<\/li>\n<li>The price is trading below $2,300 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a rising channel with support at $2,295 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase if it stays above the $2,220 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Further<\/h2>\n<p>Ethereum price failed to remain stable above $2,320 and started a downside correction, like Bitcoin. ETH price dipped below the $2,300 and $2,280 levels.<\/p>\n<p>There was a break below a rising channel with support at $2,295 on the hourly chart of ETH\/USD. The price even spiked to $2,220. A low was formed at $2,220, and the price is now consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,345 swing high to the $2,220 low.<\/p>\n<p>Ethereum price is now trading below $2,280 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,220, the price could attempt another increase. Immediate resistance is seen near the $2,265 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-893845\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Ethereum_a7c3d4.png?resize=1024%2C512\" alt=\"Ethereum Price\" width=\"1024\" height=\"512\" \/><\/p>\n<p>The first key resistance is near the $2,280 level and the 50% Fib retracement level of the downward move from the $2,345 swing high to the $2,220 low. The next major resistance is near the $2,300 level. A clear move above the $2,300 resistance might send the price toward the $2,345 resistance. An upside break above the $2,345 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,400 resistance zone or even $2,420 in the near term.<\/p>\n<h2>Downside Continuation In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,280 resistance, it could start a fresh decline. Initial support on the downside is near the $2,230 level. The first major support sits near the $2,220 zone.<\/p>\n<p>A clear move below the $2,220 support might push the price toward the $2,165 support. Any more losses might send the price toward the $2,150 region. The main support could be $2,120.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,220<\/p>\n<p>Major Resistance Level \u2013 $2,280<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh decline and traded below $2,265. ETH is now consolidating above $2,220 and might struggle to recover. Ethereum started a downside correction below the $2,280 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,295 on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11374,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-11373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=11373"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/11374"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=11373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=11373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=11373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}