{"id":5042,"date":"2025-06-04T04:11:09","date_gmt":"2025-06-04T04:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-aims-upside-break-can-the-bulls-regain-control\/"},"modified":"2025-06-04T04:11:09","modified_gmt":"2025-06-04T04:11:09","slug":"ethereum-price-aims-upside-break-can-the-bulls-regain-control","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-aims-upside-break-can-the-bulls-regain-control\/","title":{"rendered":"Ethereum Price Aims Upside Break, Can The Bulls Regain Control?"},"content":{"rendered":"<p><em>Ethereum price started a fresh increase from the $2,470 zone. ETH is now facing resistance near the $2,650 and $2,660 levels.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase above the $2,500 level.<\/li>\n<li>The price is trading above $2,500 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could extend losses if it trades below the $2,545 support zone in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Faces Resistance<\/h2>\n<p>Ethereum price started a decent recovery wave from the $2,470 zone, beating Bitcoin. ETH price was able to climb above the $2,500 and $2,540 resistance levels.<\/p>\n<p>The price cleared the 50% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low. However, the bears seem to be active below the $2,660 resistance zone. The price is again moving lower below the $2,600 level.<\/p>\n<p>There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH\/USD. Ethereum price is now trading above $2,540 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,650 level. The first major resistance is near the $2,660 level. It is near the 61.8% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-765030\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Ethereum_cf2e8f.png?resize=1024%2C420\" alt=\"Ethereum Price\" width=\"1024\" height=\"420\" \/><\/p>\n<p>A clear move above the $2,660 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,780 resistance zone or even $2,880 in the near term.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,660 resistance, it could start a fresh decline. Initial support on the downside is near the $2,545 level. The first major support sits near the $2,500 zone.<\/p>\n<p>A clear move below the $2,500 support might push the price toward the $2,470 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 gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now near the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,545<\/p>\n<p>Major Resistance Level \u2013 $2,660<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh increase from the $2,470 zone. ETH is now facing resistance near the $2,650 and $2,660 levels. Ethereum started a fresh increase above the $2,500 level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2,580&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5043,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-5042","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\/5042","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=5042"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5043"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}