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

Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

2025-05-18

The most popular collections of the moment on blockchain

2025-05-18

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

2025-05-18
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

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17
  • NFT

    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

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • 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

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    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

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Ethereum Price Indicates Possible Correction, Buy the Dip?
Analysis

Ethereum Price Indicates Possible Correction, Buy the Dip?

2023-12-27No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is correcting gains from the USD 2,320 resistance zone. ETH is moving lower and could even test $2,050 before the bulls take a stand.

  • Ethereum corrects gains below the $2,250 support zone.
  • The price is trading below $2,240 and the 100-hourly Simple Moving Average.
  • Two bearish trendlines are forming with resistance around $2,230 and $2,260 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue its decline and revisit the $2,050 support zone.

Ethereum price extends losses

Ethereum price started a downward correction from the $2,325 level. ETH fell below the USD 2,300 and USD 2,265 levels. The bears were even able to push the pair below the USD 2,200 level, just like Bitcoin.

A low was formed around $2,180 and the price is now trying to make a new move higher. There was a move above the USD 2,200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,326 swing high to the $2,180 low.

Ethereum is now trading below $2,240 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance around the $2,230 level. Two bearish trendlines are forming with resistance around $2,230 and $2,260 on the hourly chart of ETH/USD.

The second trendline is close to the 50% Fib retracement level of the downward move from the $2,326 swing high to the $2,180 low. A close above the USD 2,260 resistance could send the price towards USD 2,325.

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 significant increase. The next resistance is at $2,420, above which Ethereum could rise and test the $2,500 zone.

See also  Coinbase Adds Support for the Long-Awaited Polygon (MATIC) Re-brand Token Polygon Ecosystem Token (POL)

More disadvantages to ETH?

If Ethereum fails to clear the USD 2,260 resistance, it could trigger another decline. The initial downside support is near the $2,200 level.

The first major support could be the $2,180 zone. A downside break and a close below $2,180 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 2,050 level.

Technical indicators

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

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

Major support level – $2,180

Major resistance level – $2,260

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

Buy Correction Dip Ethereum Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

2025-05-18

Bitcoin Options Market also signals upwards potential for BTC price: New ATH soon?

2025-05-17

Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

2025-05-17

$ 40 billion in XRP on the road – where are they going?

2025-05-17
Add A Comment

Comments are closed.

Top Posts

SEC commissioner urges agency to impose stronger preventative measures on crypto industry

2023-11-06

This Platform Is Using the Nuclear Option To Get NFT Royalties Back!

2023-09-11

Trump’s Bitcoin Victory Lap – Says ‘You’re welcome!’ after Bitcoin reaches $100,000

2024-12-07
Editors Picks

Anduro: a network of side chains

2024-03-02

XRP and Bitcoin are feeling the heat as the South Korean crisis rocks the crypto markets

2024-12-04

BTC could fall based on 2 scenarios

2024-10-02

Another CryptoPunks NFT just sold for $16 million in Ethereum

2024-03-20
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

Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

The most popular collections of the moment on blockchain

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

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)$103,843.400.92%
  • ethereumEthereum(ETH)$2,503.570.90%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.391.27%
  • binancecoinBNB(BNB)$645.650.58%
  • solanaSolana(SOL)$170.962.24%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2222113.06%
  • cardanoCardano(ADA)$0.76-0.94%
  • tronTRON(TRX)$0.2725121.55%
  • suiSui(SUI)$3.831.78%
  • chainlinkChainlink(LINK)$15.672.20%
  • avalanche-2Avalanche(AVAX)$22.980.84%
  • stellarStellar(XLM)$0.2900610.74%
  • hyperliquidHyperliquid(HYPE)$26.62-1.34%
  • shiba-inuShiba Inu(SHIB)$0.0000153.33%
  • hedera-hashgraphHedera(HBAR)$0.1940931.48%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-2.77%
  • bitcoin-cashBitcoin Cash(BCH)$398.940.73%
  • the-open-networkToncoin(TON)$3.101.22%
  • polkadotPolkadot(DOT)$4.741.08%
  • litecoinLitecoin(LTC)$98.36-0.97%
  • moneroMonero(XMR)$340.232.06%
  • bitget-tokenBitget Token(BGB)$5.235.63%
  • pepePepe(PEPE)$0.0000136.29%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.745.04%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.920.55%
  • bittensorBittensor(TAO)$421.910.75%
  • aaveAave(AAVE)$224.700.17%
  • nearNEAR Protocol(NEAR)$2.760.43%
  • aptosAptos(APT)$5.191.14%
  • okbOKB(OKB)$53.180.33%
  • ondo-financeOndo(ONDO)$0.931.95%
  • kaspaKaspa(KAS)$0.111256-2.84%
  • internet-computerInternet Computer(ICP)$5.251.02%
  • ethereum-classicEthereum Classic(ETC)$18.410.68%
  • gatechain-tokenGateToken(GT)$21.580.80%
  • crypto-com-chainCronos(CRO)$0.0989890.91%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.963.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2382822.88%
  • mantleMantle(MNT)$0.740.69%
  • vechainVeChain(VET)$0.0284151.98%
  • render-tokenRender(RENDER)$4.652.05%
  • ethenaEthena(ENA)$0.3757612.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • filecoinFilecoin(FIL)$2.872.25%
  • algorandAlgorand(ALGO)$0.2222371.95%
  • arbitrumArbitrum(ARB)$0.3896213.13%
  • bitcoinBitcoin(BTC)$103,843.400.92%
  • ethereumEthereum(ETH)$2,503.570.90%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.391.27%
  • binancecoinBNB(BNB)$645.650.58%
  • solanaSolana(SOL)$170.962.24%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2222113.06%
  • cardanoCardano(ADA)$0.76-0.94%
  • tronTRON(TRX)$0.2725121.55%
  • suiSui(SUI)$3.831.78%
  • chainlinkChainlink(LINK)$15.672.20%
  • avalanche-2Avalanche(AVAX)$22.980.84%
  • stellarStellar(XLM)$0.2900610.74%
  • hyperliquidHyperliquid(HYPE)$26.62-1.34%
  • shiba-inuShiba Inu(SHIB)$0.0000153.33%
  • hedera-hashgraphHedera(HBAR)$0.1940931.48%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-2.77%
  • bitcoin-cashBitcoin Cash(BCH)$398.940.73%
  • the-open-networkToncoin(TON)$3.101.22%
  • polkadotPolkadot(DOT)$4.741.08%
  • litecoinLitecoin(LTC)$98.36-0.97%
  • moneroMonero(XMR)$340.232.06%
  • bitget-tokenBitget Token(BGB)$5.235.63%
  • pepePepe(PEPE)$0.0000136.29%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.745.04%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.920.55%
  • bittensorBittensor(TAO)$421.910.75%
  • aaveAave(AAVE)$224.700.17%
  • nearNEAR Protocol(NEAR)$2.760.43%
  • aptosAptos(APT)$5.191.14%
  • okbOKB(OKB)$53.180.33%
  • ondo-financeOndo(ONDO)$0.931.95%
  • kaspaKaspa(KAS)$0.111256-2.84%
  • internet-computerInternet Computer(ICP)$5.251.02%
  • ethereum-classicEthereum Classic(ETC)$18.410.68%
  • gatechain-tokenGateToken(GT)$21.580.80%
  • crypto-com-chainCronos(CRO)$0.0989890.91%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.963.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2382822.88%
  • mantleMantle(MNT)$0.740.69%
  • vechainVeChain(VET)$0.0284151.98%
  • render-tokenRender(RENDER)$4.652.05%
  • ethenaEthena(ENA)$0.3757612.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • filecoinFilecoin(FIL)$2.872.25%
  • algorandAlgorand(ALGO)$0.2222371.95%
  • arbitrumArbitrum(ARB)$0.3896213.13%