{"id":5309,"date":"2025-06-18T04:11:09","date_gmt":"2025-06-18T04:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-at-risk-of-downside-break-as-bears-test-key-support\/"},"modified":"2025-06-18T04:11:09","modified_gmt":"2025-06-18T04:11:09","slug":"ethereum-price-at-risk-of-downside-break-as-bears-test-key-support","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-at-risk-of-downside-break-as-bears-test-key-support\/","title":{"rendered":"Ethereum Price at Risk of Downside Break as Bears Test Key Support"},"content":{"rendered":"<p><em>Ethereum price failed to clear the $2,680 zone and declined. ETH is now consolidating losses and remains at risk of more losses below $2,500.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh decline below the $2,620 level.<\/li>\n<li>The price is trading below $2,550 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a bullish trend line with support at $2,540 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 $2,500 zone in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Again<\/h2>\n<p>Ethereum price failed to gain pace for a move above $2,680 and started a fresh decline, like Bitcoin. ETH price declined below the $2,620 and $2,600 levels.<\/p>\n<p>The bears even pushed the price below the $2,600 level. Besides, there was a break below a bullish trend line with support at $2,540 on the hourly chart of ETH\/USD. The pair tested the $2,450 zone and started a consolidation phase.<\/p>\n<p>There was a minor increase above the 23.6% Fib retracement level of the downward move from the $2,679 swing high to the $2,455 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price could face resistance near the $2,540 level. The next key resistance is near the $2,565 level. It is close to the 50% Fib retracement level of the downward move from the $2,679 swing high to the $2,455 low. The first major resistance is near the $2,620 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-773287\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Ethereum_3d5fb8.png?resize=1024%2C479\" alt=\"Ethereum Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>A clear move above the $2,620 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 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 $2,540 resistance, it could start a fresh decline. Initial support on the downside is near the $2,500 level. The first major support sits near the $2,450 zone.<\/p>\n<p>A clear move below the $2,450 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,240 support level in the near term. The next key support sits at $2,150.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $2,450<\/p>\n<p>Major Resistance Level \u2013 $2,540<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price failed to clear the $2,680 zone and declined. ETH is now consolidating losses and remains at risk of more losses below $2,500. Ethereum started a fresh decline below the $2,620 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5310,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-5309","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\/5309","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=5309"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5310"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}