Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Crypto does shock deliver? Bitcoin and Ethereum leave scholarships at a record pace

2025-05-21

Sony announces the Mavet launch of Soneium Blockchain

2025-05-21

From technology to travel – there is a .hub for that

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Ethereum Price Relatively Muted, But Nearing Crucial Breakout
Analysis

Ethereum Price Relatively Muted, But Nearing Crucial Breakout

2023-12-26No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is consolidating gains below the USD 2,350 resistance zone. ETH could revisit the $2,200 support before it starts another surge.

  • Ethereum still holds gains above the $2,250 support zone.
  • The price is trading below $2,280 and the 100-hourly Simple Moving Average.
  • A connecting bearish trendline is forming with resistance near $2,290 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue its decline and revisit the $2,200 support zone.

Ethereum price remains within a range

Ethereum price started a downward correction from the $2,350 level. ETH fell below the USD 2,320 and USD 2,300 levels. It even peaked below the USD 2,250 level.

A low was formed near $2,247 and the price is now trying to make a new rise just like Bitcoin. There was a move above the USD 2,265 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,327 swing high to the $2,247 low.

Ethereum is now trading below $2,280 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance around the $2,290 level. There is also a connecting bearish trendline forming with resistance around $2,290 on the hourly chart of ETH/USD.

The trendline is close to the 50% Fib retracement level of the downward move from the $2,327 swing high to the $2,247 low. A close above the USD 2,290 resistance could send the price towards USD 2,320.

Ethereum price

Source: ETHUSD on TradingView.com

The main resistance is at $2,350. A clear move above the $2,350 zone could trigger a big upside. The next resistance is at $2,420, above which Ethereum could rise and test the $2,550 zone.

See also  Crypto Analyst Predicts XRP Price Rise to $18 Short-Term

Lose more in ETH?

If Ethereum fails to clear the USD 2,290 resistance, it could trigger another decline. The initial downside support is near the USD 2,250 level.

The first major support could be the $2,220 zone. A downside break and a close below $2,220 could lead to more bearish moves. In the said case, Ether could revisit the USD 2,120 support. Any further losses could send the price towards the USD 2,040 level.

Technical indicators

hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

RSI per hour – The RSI for ETH/USD is now below the 50 level.

Major support level – $2,220

Major resistance level – $2,290

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

Source link

Breakout crucial Ethereum Muted nearing Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto does shock deliver? Bitcoin and Ethereum leave scholarships at a record pace

2025-05-21

Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

2025-05-21

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Uzbekistan is using Tether to drive the development and regulation of cryptocurrencies and blockchain

2024-03-07

PayPal to offer the proceeds on Pyusd to increase the use of the stablecoin: report

2025-04-23

Digital asset investment products are making a fantastic comeback in October

2023-10-27
Editors Picks

Top Crypto Exchange Binance to Close Visa Debit Card Program in Europe

2023-10-21

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

2025-05-20

LINK Crosses $7 Hurdle: Where To Next?

2023-07-22

How Civic Pass’s latest move with Solana is redefining token ownership

2024-04-27
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto does shock deliver? Bitcoin and Ethereum leave scholarships at a record pace

Sony announces the Mavet launch of Soneium Blockchain

From technology to travel – there is a .hub for that

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,516.683.37%
  • ethereumEthereum(ETH)$2,590.671.98%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.401.63%
  • binancecoinBNB(BNB)$682.214.33%
  • solanaSolana(SOL)$174.382.89%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2395434.22%
  • cardanoCardano(ADA)$0.784.18%
  • tronTRON(TRX)$0.269224-0.16%
  • suiSui(SUI)$3.993.72%
  • chainlinkChainlink(LINK)$16.252.53%
  • hyperliquidHyperliquid(HYPE)$30.3114.72%
  • avalanche-2Avalanche(AVAX)$23.514.25%
  • stellarStellar(XLM)$0.2968713.09%
  • shiba-inuShiba Inu(SHIB)$0.0000152.39%
  • hedera-hashgraphHedera(HBAR)$0.1989792.19%
  • bitcoin-cashBitcoin Cash(BCH)$419.646.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.881.09%
  • the-open-networkToncoin(TON)$3.111.38%
  • polkadotPolkadot(DOT)$4.812.02%
  • litecoinLitecoin(LTC)$98.463.92%
  • moneroMonero(XMR)$390.508.59%
  • bitget-tokenBitget Token(BGB)$5.292.20%
  • piPi(PI)$0.858.77%
  • pepePepe(PEPE)$0.0000142.79%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$463.7310.90%
  • uniswapUniswap(UNI)$6.323.12%
  • aaveAave(AAVE)$252.25-2.44%
  • nearNEAR Protocol(NEAR)$2.903.16%
  • aptosAptos(APT)$5.343.49%
  • okbOKB(OKB)$52.981.55%
  • ondo-financeOndo(ONDO)$0.994.82%
  • ethereum-classicEthereum Classic(ETC)$19.324.18%
  • kaspaKaspa(KAS)$0.1117191.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.531.50%
  • internet-computerInternet Computer(ICP)$5.422.58%
  • gatechain-tokenGateToken(GT)$21.841.57%
  • crypto-com-chainCronos(CRO)$0.0985381.61%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2469305.69%
  • vechainVeChain(VET)$0.0296003.57%
  • render-tokenRender(RENDER)$4.863.83%
  • mantleMantle(MNT)$0.74-0.24%
  • ethenaEthena(ENA)$0.4051716.37%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • arbitrumArbitrum(ARB)$0.4161824.15%
  • algorandAlgorand(ALGO)$0.2328303.47%
  • filecoinFilecoin(FIL)$2.994.10%
  • bitcoinBitcoin(BTC)$110,516.683.37%
  • ethereumEthereum(ETH)$2,590.671.98%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.401.63%
  • binancecoinBNB(BNB)$682.214.33%
  • solanaSolana(SOL)$174.382.89%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2395434.22%
  • cardanoCardano(ADA)$0.784.18%
  • tronTRON(TRX)$0.269224-0.16%
  • suiSui(SUI)$3.993.72%
  • chainlinkChainlink(LINK)$16.252.53%
  • hyperliquidHyperliquid(HYPE)$30.3114.72%
  • avalanche-2Avalanche(AVAX)$23.514.25%
  • stellarStellar(XLM)$0.2968713.09%
  • shiba-inuShiba Inu(SHIB)$0.0000152.39%
  • hedera-hashgraphHedera(HBAR)$0.1989792.19%
  • bitcoin-cashBitcoin Cash(BCH)$419.646.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.881.09%
  • the-open-networkToncoin(TON)$3.111.38%
  • polkadotPolkadot(DOT)$4.812.02%
  • litecoinLitecoin(LTC)$98.463.92%
  • moneroMonero(XMR)$390.508.59%
  • bitget-tokenBitget Token(BGB)$5.292.20%
  • piPi(PI)$0.858.77%
  • pepePepe(PEPE)$0.0000142.79%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$463.7310.90%
  • uniswapUniswap(UNI)$6.323.12%
  • aaveAave(AAVE)$252.25-2.44%
  • nearNEAR Protocol(NEAR)$2.903.16%
  • aptosAptos(APT)$5.343.49%
  • okbOKB(OKB)$52.981.55%
  • ondo-financeOndo(ONDO)$0.994.82%
  • ethereum-classicEthereum Classic(ETC)$19.324.18%
  • kaspaKaspa(KAS)$0.1117191.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.531.50%
  • internet-computerInternet Computer(ICP)$5.422.58%
  • gatechain-tokenGateToken(GT)$21.841.57%
  • crypto-com-chainCronos(CRO)$0.0985381.61%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2469305.69%
  • vechainVeChain(VET)$0.0296003.57%
  • render-tokenRender(RENDER)$4.863.83%
  • mantleMantle(MNT)$0.74-0.24%
  • ethenaEthena(ENA)$0.4051716.37%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • arbitrumArbitrum(ARB)$0.4161824.15%
  • algorandAlgorand(ALGO)$0.2328303.47%
  • filecoinFilecoin(FIL)$2.994.10%