{"id":9761,"date":"2026-02-03T05:11:06","date_gmt":"2026-02-03T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-struggles-at-resistance-opening-door-to-renewed-losses\/"},"modified":"2026-02-03T05:11:06","modified_gmt":"2026-02-03T05:11:06","slug":"ethereum-price-struggles-at-resistance-opening-door-to-renewed-losses","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-struggles-at-resistance-opening-door-to-renewed-losses\/","title":{"rendered":"Ethereum Price Struggles At Resistance, Opening Door To Renewed Losses"},"content":{"rendered":"<p><em>Ethereum price extended its decline below $2,420 and $2,300. ETH is now attempting to recover from $2,150 but faces many hurdles near $2,365.<\/em><\/p>\n<ul>\n<li>Ethereum failed to stay above $2,350 and started a fresh decline.<\/li>\n<li>The price is trading below $2,350 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a major bearish trend line forming with resistance at $2,350 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 $2,400 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Another Decline<\/h2>\n<p>Ethereum price failed to remain stable above $2,500 and extended losses, like Bitcoin. ETH price traded below $2,420 to enter a bearish zone.<\/p>\n<p>The bears even pushed the price below $2,200. A low was formed at $2,155 and the price is now attempting to recover. There was a move above $2,250. The price tested the 23.6% Fib retracement level of the recent decline from the $3,040 swing high to the $2,155 low.<\/p>\n<p>However, the bears are active near $2,365. There is also a major bearish trend line forming with resistance at $2,350 on the hourly chart of ETH\/USD. Ethereum price is now trading below $2,350 and the 100-hourly Simple Moving Average.<\/p>\n<p>If the bulls remain in action above $2,250, the price could attempt another increase. Immediate resistance is seen near the $2,350 level. The first key resistance is near the $2,365 level. The next major resistance is near the $2,450 level. A clear move above the $2,450 resistance might send the price toward the $2,600 resistance or the 50% Fib retracement level of the recent decline from the $3,040 swing high to the $2,155 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-878874\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Ethereum_1e3bf9.png?resize=1024%2C509\" alt=\"Ethereum Price\" width=\"1024\" height=\"509\" \/><\/p>\n<p>An upside break above the $2,600 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,700 resistance zone or even $2,720 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,365 resistance, it could start a fresh decline. Initial support on the downside is near the $2,250 level. The first major support sits near the $2,220 zone.<\/p>\n<p>A clear move below the $2,220 support might push the price toward the $2,150 support. Any more losses might send the price toward the $2,120 region. The main support could be $2,000.<\/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 $2,220<\/p>\n<p>Major Resistance Level \u2013 $2,365<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended its decline below $2,420 and $2,300. ETH is now attempting to recover from $2,150 but faces many hurdles near $2,365. Ethereum failed to stay above $2,350 and started a fresh decline. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9762,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-9761","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\/9761","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=9761"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9762"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}