{"id":11886,"date":"2026-05-28T04:11:06","date_gmt":"2026-05-28T04:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-struggles-near-key-levels-as-market-sentiment-weakens\/"},"modified":"2026-05-28T04:11:06","modified_gmt":"2026-05-28T04:11:06","slug":"ethereum-price-struggles-near-key-levels-as-market-sentiment-weakens","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-struggles-near-key-levels-as-market-sentiment-weakens\/","title":{"rendered":"Ethereum Price Struggles Near Key Levels As Market Sentiment Weakens"},"content":{"rendered":"<p><em>Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating above $2,000 and might struggle to recover.<\/em><\/p>\n<ul>\n<li>Ethereum remained in a bearish zone after a fresh decline below $2,080.<\/li>\n<li>The price is trading below $2,050 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a bearish trend line forming with resistance at $2,040 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move down if it stays below the $2,090 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Consolidates Losses<\/h2>\n<p>Ethereum price failed to remain stable above $2,100 and started a fresh decline, like Bitcoin. ETH price dipped below the $2,080 and $2,065 levels.<\/p>\n<p>The price even traded below $2,050. A low was formed at $2,009, and the price is now showing many bearish signs and is well below the 23.6% Fib retracement level of the downward move from the $2,138 swing high to the $2,009 low. Besides, there is a bearish trend line forming with resistance at $2,040 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum price is now trading below $2,030 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,000, the price could attempt another increase.<\/p>\n<p>Immediate resistance is seen near the $2,040 level. The first key resistance is near the $2,060 level. The next major resistance is near the $2,090 level or the 61.8% Fib retracement level of the downward move from the $2,138 swing high to the $2,009 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-898117\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/Ethereum_d0e76a.png?resize=1024%2C512\" alt=\"Ethereum Price \" width=\"1024\" height=\"512\" \/><\/p>\n<p>A clear move above the $2,090 resistance might send the price toward the $2,120 resistance. An upside break above the $2,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,150 resistance zone or even $2,200 in the near term.<\/p>\n<h2>More Downside In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,090 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,965 zone.<\/p>\n<p>A clear move below the $1,920 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,840 region. The main support could be $1,750.<\/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 $2,000<\/p>\n<p>Major Resistance Level \u2013 $2,090<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating above $2,000 and might struggle to recover. Ethereum remained in a bearish zone after a fresh decline below $2,080. The price is trading below $2,050 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11887,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-11886","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\/11886","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=11886"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11886\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/11887"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=11886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=11886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=11886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}