Ethereum‘s price shot up past the $2,500 mark. But guess what? It’s taking a little breather, and could slide back to the $2,350 support zone.
- Ethereum’s been on a downhill slide from the $2,600 mark. It’s taking a nap, folks.
- The price is still above $2,400 and the 100-hourly Simple Moving Average—because who doesn’t love a good moving average?
- Oh, and there was a break below a bullish trend line at $2,500. Classic. You can see it all on the hourly chart of ETH/USD (check Kraken, if you dare).
- Now, we might see some bids near $2,350. A fresh rally? Who knows, but don’t get your hopes up too high.
Ethereum’s Price is Gearing Up for a New Journey… Maybe?
Ethereum’s been hanging in there, pushing past $2,350 and giving Bitcoin a run for its money. It even gained some traction above the $2,400 resistance level—look out, world!
The bulls stepped up to the plate and pushed Ethereum above $2,550. A nice 35% rise—nothing to sneeze at. It even tested the $2,600 resistance, before pulling back a bit. There was a minor drop below the 50% Fib retracement from the $2,272 low to the $2,624 high. Gotta love those technical terms, right?
That bearish trend line at $2,500? Yeah, it broke. But, hang on, the bulls are still hanging tough above $2,400. The price is staying above that sweet $2,400 level and the trusty 100-hourly Simple Moving Average.
On the bright side, the price is facing some resistance at $2,500. If it manages to break that, we might see $2,550. Then comes the $2,620 resistance. But let’s not get carried away. If it clears all that, well… brace yourself for $2,650 and maybe even $2,720. Dreams, right?
If Ethereum manages to break above $2,650, we could be in for more gains. Don’t get too excited though. In the wild world of crypto, anything can happen.
But Wait, Is Ethereum About to Lose Its Steam?
If Ethereum can’t push past that $2,500 resistance, it could tumble again. The first stop? $2,400 support. After that, $2,350 looks like a nice cozy home for the price. But beware, a drop below that level could mean heading towards $2,275. And let’s not even talk about $2,220. It could get ugly.
Here’s the technical stuff, because we’re all about that life:
Hourly MACD – MACD for ETH/USD is losing its bullish momentum. Yikes.
Hourly RSI – RSI is below 50. Not exactly a confidence booster.
Major Support Level – $2,350
Major Resistance Level – $2,500
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2025-05-13 06:36