{"id":8531,"date":"2025-12-02T05:11:06","date_gmt":"2025-12-02T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-takes-a-blow-though-buyers-continue-shielding-key-price-floors\/"},"modified":"2025-12-02T05:11:06","modified_gmt":"2025-12-02T05:11:06","slug":"ethereum-takes-a-blow-though-buyers-continue-shielding-key-price-floors","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-takes-a-blow-though-buyers-continue-shielding-key-price-floors\/","title":{"rendered":"Ethereum Takes a Blow, Though Buyers Continue Shielding Key Price Floors"},"content":{"rendered":"<p><em>Ethereum price started a fresh decline below $2,88<\/em><em>0. ETH is now attempting to recover from $2,720 but the bulls might face resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh decline below $2,880 and $2,800.<\/li>\n<li>The price is trading below $2,850 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up if it settles above the $2,850 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Attempts Recovery<\/h2>\n<p>Ethereum price failed to stay above $2,950 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone. The bears even pushed the price below $2,800.<\/p>\n<p>A low was formed at $2,718 and the price is now attempting to recover. There was a move above the $2,750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low.<\/p>\n<p>Ethereum price is now trading below $2,850 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,820 level. There is also a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH\/USD.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-860995\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Ethereum_592201.png?resize=1024%2C493\" alt=\"Ethereum Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>The next key resistance is near the $2,880 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low. The first major resistance is near the $2,920 level. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,880 resistance, it could start a fresh decline. Initial support on the downside is near the $2,760 level. The first major support sits near the $2,740 zone.<\/p>\n<p>A clear move below the $2,740 support might push the price toward the $2,720 support. Any more losses might send the price toward the $2,650 region in the near term. The next key support sits at $2,550 and $2,500.<\/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 $2,720<\/p>\n<p>Major Resistance Level \u2013 $2,880<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh decline below $2,880. ETH is now attempting to recover from $2,720 but the bulls might face resistance. Ethereum started a fresh decline below $2,880 and $2,800. The price is trading below $2,850 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,820&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8532,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-8531","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\/8531","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=8531"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8532"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}