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

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

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Circle Looking for at least $ 5,000,000,000 for Coinbase Acquisition, possibly Nixing IPO plans: Report

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

    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

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20
  • 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

    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

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    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

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Ethereum Price Struggles While Bitcoin Jumps – Why ETH Could Take a Big Hit
Analysis

Ethereum Price Struggles While Bitcoin Jumps – Why ETH Could Take a Big Hit

2023-12-21No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is still struggling to rise back above $2,250, while Bitcoin broke $43,500. ETH is showing some worrying signs and could take a major hit.

  • Ethereum is struggling to pace a move above the USD 2,250 resistance zone.
  • The price is trading below $2,220 and the 100-hourly Simple Moving Average.
  • A major bullish trendline is forming with support near $2,170 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could fall heavily if it stays below $2,250 for a long time.

Ethereum price faces hurdles

Ethereum price made another attempt to break the USD 2,250 and USD 2,265 resistance levels. However, ETH failed to move above the USD 2,250 resistance. There are clearly more than two rejections noted around the USD 2,250 and USD 2,265 levels.

On the downside, Bitcoin gained pace for a move above the USD 43,500 resistance. This could be a warning sign for ETH bulls. The recent low was formed around $2,155 and the price is now consolidating. It is above the 23.6% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low.

There is also a major bullish trendline forming with support near $2,170 on the hourly chart of ETH/USD. Ethereum is now trading below $2,220 and the 100-hourly Simple Moving Average.

On the upside, the price is facing resistance around the $2,210 level. It is close to the 50% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low. The next major resistance is near the $2,250 level or $2,265. A clear move above the USD 2.2650 zone could send the price towards the USD 2.320 level.

See also  The US Treasury Department warns financial institutions to be on the lookout for Hamas' fundraising efforts
Ethereum price
Ethereum price

Source: ETHUSD on TradingView.com

The next resistance is at $2,365. Any further gains could trigger a surge towards the $2,450 level, above which Ethereum could rise and test the $2,500 zone.

Lose more in ETH?

If Ethereum fails to clear the USD 2,250 resistance, it could trigger another decline. The initial downside support is near the $2,170 level and the trendline.

The first major support could be the $2,120 zone. A downside break and a close below $2,120 could lead to strong bearish moves. In the said case, Ether could revisit the $2,000 support. Any further losses could send the price towards the USD 1,880 level in the coming sessions.

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 – $2,170

Major resistance level – $2,250

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

Big Bitcoin ETH Ethereum hit jumps Price struggles
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

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

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21

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

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Major NFT Collections Post Double-Digit Monthly Losses as Floor Prices Drop

2023-08-24

Crypto Trader Predicts Breakout Rally for FET, Updates Outlook on WIF and Two Additional Altcoins

2024-09-05

MATIC faces lengthy battle as SEC claims it is a security

2023-06-11
Editors Picks

NFT Lending Platform Blend Is Raising Concerns About Ecosystem Liquidity

2023-05-06

Time to buy XRP? Whales add $290 million in tokens

2024-11-30

What exactly is pre-launch token trading?

2024-05-14

Bitcoin long-term metrics reverse – ‘explosive phase’ seen

2023-11-03
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

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

Top reasons why Bitcoin price today, May 21, came in new ATH

Circle Looking for at least $ 5,000,000,000 for Coinbase Acquisition, possibly Nixing IPO plans: Report

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)$108,291.741.56%
  • ethereumEthereum(ETH)$2,502.060.50%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.381.42%
  • binancecoinBNB(BNB)$671.643.79%
  • solanaSolana(SOL)$170.401.94%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2291902.71%
  • cardanoCardano(ADA)$0.763.08%
  • tronTRON(TRX)$0.267147-1.45%
  • suiSui(SUI)$3.890.83%
  • chainlinkChainlink(LINK)$15.872.42%
  • avalanche-2Avalanche(AVAX)$22.802.53%
  • hyperliquidHyperliquid(HYPE)$28.098.60%
  • stellarStellar(XLM)$0.2910402.05%
  • shiba-inuShiba Inu(SHIB)$0.0000152.02%
  • hedera-hashgraphHedera(HBAR)$0.1964861.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.840.79%
  • bitcoin-cashBitcoin Cash(BCH)$403.663.48%
  • the-open-networkToncoin(TON)$3.070.39%
  • polkadotPolkadot(DOT)$4.732.71%
  • litecoinLitecoin(LTC)$96.032.63%
  • moneroMonero(XMR)$387.7711.68%
  • bitget-tokenBitget Token(BGB)$5.200.76%
  • piPi(PI)$0.8313.40%
  • pepePepe(PEPE)$0.0000132.58%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$436.925.67%
  • uniswapUniswap(UNI)$6.145.14%
  • aaveAave(AAVE)$246.87-4.40%
  • nearNEAR Protocol(NEAR)$2.823.06%
  • aptosAptos(APT)$5.192.22%
  • okbOKB(OKB)$52.140.30%
  • ondo-financeOndo(ONDO)$0.963.03%
  • kaspaKaspa(KAS)$0.1117932.97%
  • ethereum-classicEthereum Classic(ETC)$18.773.16%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.175.85%
  • internet-computerInternet Computer(ICP)$5.292.55%
  • gatechain-tokenGateToken(GT)$21.691.50%
  • crypto-com-chainCronos(CRO)$0.0971071.21%
  • mantleMantle(MNT)$0.74-0.76%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2375113.22%
  • vechainVeChain(VET)$0.0286432.47%
  • render-tokenRender(RENDER)$4.733.20%
  • ethenaEthena(ENA)$0.3952517.08%
  • usd1World Liberty Financial USD(USD1)$1.000.11%
  • arbitrumArbitrum(ARB)$0.4045524.40%
  • algorandAlgorand(ALGO)$0.2280713.50%
  • filecoinFilecoin(FIL)$2.903.31%
  • bitcoinBitcoin(BTC)$108,291.741.56%
  • ethereumEthereum(ETH)$2,502.060.50%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.381.42%
  • binancecoinBNB(BNB)$671.643.79%
  • solanaSolana(SOL)$170.401.94%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2291902.71%
  • cardanoCardano(ADA)$0.763.08%
  • tronTRON(TRX)$0.267147-1.45%
  • suiSui(SUI)$3.890.83%
  • chainlinkChainlink(LINK)$15.872.42%
  • avalanche-2Avalanche(AVAX)$22.802.53%
  • hyperliquidHyperliquid(HYPE)$28.098.60%
  • stellarStellar(XLM)$0.2910402.05%
  • shiba-inuShiba Inu(SHIB)$0.0000152.02%
  • hedera-hashgraphHedera(HBAR)$0.1964861.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.840.79%
  • bitcoin-cashBitcoin Cash(BCH)$403.663.48%
  • the-open-networkToncoin(TON)$3.070.39%
  • polkadotPolkadot(DOT)$4.732.71%
  • litecoinLitecoin(LTC)$96.032.63%
  • moneroMonero(XMR)$387.7711.68%
  • bitget-tokenBitget Token(BGB)$5.200.76%
  • piPi(PI)$0.8313.40%
  • pepePepe(PEPE)$0.0000132.58%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$436.925.67%
  • uniswapUniswap(UNI)$6.145.14%
  • aaveAave(AAVE)$246.87-4.40%
  • nearNEAR Protocol(NEAR)$2.823.06%
  • aptosAptos(APT)$5.192.22%
  • okbOKB(OKB)$52.140.30%
  • ondo-financeOndo(ONDO)$0.963.03%
  • kaspaKaspa(KAS)$0.1117932.97%
  • ethereum-classicEthereum Classic(ETC)$18.773.16%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.175.85%
  • internet-computerInternet Computer(ICP)$5.292.55%
  • gatechain-tokenGateToken(GT)$21.691.50%
  • crypto-com-chainCronos(CRO)$0.0971071.21%
  • mantleMantle(MNT)$0.74-0.76%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2375113.22%
  • vechainVeChain(VET)$0.0286432.47%
  • render-tokenRender(RENDER)$4.733.20%
  • ethenaEthena(ENA)$0.3952517.08%
  • usd1World Liberty Financial USD(USD1)$1.000.11%
  • arbitrumArbitrum(ARB)$0.4045524.40%
  • algorandAlgorand(ALGO)$0.2280713.50%
  • filecoinFilecoin(FIL)$2.903.31%