{"id":2750,"date":"2025-02-05T05:11:06","date_gmt":"2025-02-05T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-path-to-recovery-blocked-by-key-barriers\/"},"modified":"2025-02-05T05:11:06","modified_gmt":"2025-02-05T05:11:06","slug":"ethereum-price-path-to-recovery-blocked-by-key-barriers","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-path-to-recovery-blocked-by-key-barriers\/","title":{"rendered":"Ethereum Price Path to Recovery Blocked by Key Barriers"},"content":{"rendered":"<p><em>Ethereum price started a recovery wave above the $2,550 zone. ETH is showing positive signs but faces many hurdles near the $2,880 level.<\/em><\/p>\n<ul>\n<li>Ethereum started a decent upward move above the $2,550 zone.<\/li>\n<li>The price is trading below $2,880 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term declining channel forming with resistance at $2,800 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh decline if it stays below the $2,880 level.<\/li>\n<\/ul>\n<h2>Ethereum Price Recovery Faces Hurdles<\/h2>\n<p>Ethereum price started a recovery wave after it dropped heavily below $2,500, underperforming Bitcoin. ETH tested the $2,120 zone and recently started a recovery wave.<\/p>\n<p>The price was able to surpass the $2,500 and $2,550 resistance levels. It even climbed above the 50% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. However, the bears are now active near the $2,900 zone.<\/p>\n<p>The price failed to clear the 61.8% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. There is also a short-term declining channel forming with resistance at $2,800 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum price is now trading below $2,880 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,800 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-690731\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Ethereum_211336.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The first major resistance is near the $2,880 level. The main resistance is now forming near $2,920. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,250 in the near term.<\/p>\n<h2>Another Drop In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,880 resistance, it could start another decline. Initial support on the downside is near the $2,640 level. The first major support sits near the $2,550.<\/p>\n<p>A clear move below the $2,550 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish 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 $2,550<\/p>\n<p>Major Resistance Level \u2013 $2,880<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a recovery wave above the $2,550 zone. ETH is showing positive signs but faces many hurdles near the $2,880 level. Ethereum started a decent upward move above the $2,550 zone. The price is trading below $2,880 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-2750","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\/2750","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=2750"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2751"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}