Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum Bears Continue Pressure and Why ETH Price Could Revisit This Key Support
EXCHANGE NEWS

Ethereum Bears Continue Pressure and Why ETH Price Could Revisit This Key Support

By Crypto FlexsNovember 29, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Bears Continue Pressure and Why ETH Price Could Revisit This Key Support
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price fell from $2,130. ETH is showing some signs of weakness and may fall towards the $1,920 support area.

  • Ethereum is slowly falling below the $2,060 area.
  • The price is trading below $2,060 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,040.
  • The pair may continue to decline towards the $1,920 support zone.

Ethereum price decline continues

Ethereum price began a new decline after struggling near $2,130. ETH hit a high of $2,132 and then began a decline. Like Bitcoin, it moved below the $2,100 and $2,080 levels.

The price surged below the $2,000 support level. A low was formed near $1,986 and the price is currently consolidating losses. There was a small recovery above the $2,020 level. Ethereum recently broke above the 23.6% Fib retracement level of the decline from the $2,132 swing high to the $1,986 low.

Ethereum is currently trading below $2,060 and the 100-hour simple moving average. On the other hand, the price is finding resistance near $2,040. Additionally, on the hourly chart of ETH/USD, there is a major bearish trend line forming with resistance near $2,040.

The first major resistance is near the $2,060 level or the 50% Fib retracement level of the recent decline from the $2,132 swing high to the $1,986 low. The next resistance level is $2,100. A clear break above the $2,100 level could lead the price towards the $2,135 resistance area.

Ethereum price chart

Source: ETHUSD on TradingView.com

The next resistance level is near $2,150, if it breaks above it could target an advance towards the $2,200 level. Any more gains could start a wave towards the $2,250 level.

Will there be more losses in ETH?

If Ethereum fails to clear the $2,040 resistance, a new downtrend could begin. Initial support for the downside is near the $2,000 level.

The next major support is at $1,985. A break below $1,985 could push Ether towards the $1,920 support. Key support is currently at $1,885, below which there is a risk of a decline towards the $1,820 level.

technical indicators

Hourly MACD – ETH/USD MACD is losing momentum in the bullish zone.

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

Key Support Level – $1,985

Key Resistance Level – $2,040

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025
Most Popular

Why did the XRP price go up today?

July 11, 2024

Honduras withdraws from ICSID amid crypto company dispute, backed by economists

March 21, 2024

Tether announced an $18.75 million investment in XREX Group to drive cryptocurrency adoption and financial inclusion.

June 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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