Oh, Ethereum, you fickle beast. One day you’re at $2,350, the next you’re consolidating above $2,250 like you’re waiting for a sale at Target. Will you recover? Only your blockchain knows for sure.
- Ethereum decided to take a “downside correction” from the $2,465 zone. Because why stay high when you can go low?
- It’s trading below $2,350 and the 100-hourly Simple Moving Average. Basically, it’s the financial equivalent of “I’m just not ready for commitment.”
- There’s a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD. Thanks, Kraken, for feeding us this drama.
- If it stays above $2,250, it might start a fresh increase. Or it might just ghost us again. Who knows?
So, Ethereum price failed to remain stable above $2,420 and started a downside correction, just like Bitcoin. Because nothing says “I’m a team player” like following Bitcoin’s lead. ETH dipped below $2,400 and $2,350, probably to see if anyone was still paying attention.
It traded as low as $2,253 and is now consolidating losses below the 23.6% Fib retracement level. There’s also a bearish trend line forming with resistance at $2,300. Basically, it’s stuck in a financial version of a rom-com where no one knows if they’re getting a happy ending.
Ethereum is trading below $2,350 and the 100-hourly Simple Moving Average. If the bulls stay above $2,250, it might try another increase. Immediate resistance is near $2,300, because why make things easy?
The first key resistance is near $2,335, and the next major resistance is near $2,360 or the 50% Fib retracement level. Because nothing says “I’m trying” like hitting those milestones.
If it clears $2,360, it might head toward $2,415. Break above $2,415, and we might see more gains. In that case, Ether could rise toward $2,465 or even $2,500. But let’s not get ahead of ourselves-this is Ethereum we’re talking about.
If it fails to clear $2,360, it could start another decline. Initial support is near $2,250, and the first major support is near $2,220. Below $2,220, it might head toward $2,200 or even $2,150. The main support? $2,120. Because why not end on a dramatic note?
Technical Indicators
Hourly MACD – The MACD is gaining momentum in the bearish zone. Basically, it’s the financial equivalent of “I’m not mad, I’m just disappointed.”
Hourly RSI – The RSI is below the 50 zone. So, it’s not just us feeling the pessimism.
Major Support Level – $2,250
Major Resistance Level – $2,360
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2026-04-20 06:04