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 Price Bearish: Can It Defend $2,500 Level?
EXCHANGE NEWS

Ethereum Price Bearish: Can It Defend $2,500 Level?

By Crypto FlexsAugust 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Price Bearish: Can It Defend ,500 Level?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price has started a downward correction in the $2,700 zone. ETH is currently consolidating and struggling to stay above the $2,500 support level.

  • Ethereum started a downward correction below the $2,650 and $2,620 levels.
  • The price is trading below $2,650 and the 100 hourly simple moving average.
  • The bullish trend line connecting the support level at $2,620 has broken down on the hourly chart of ETH/USD based on data provided by Kraken.
  • The pair could rally again if it stays above the $2,550 support zone.

Ethereum Price Declines and Revisits $2,550

Ethereum price struggled to extend its uptrend above the $2,700 resistance zone. ETH, like Bitcoin, began a downward correction below the $2,650 level. There was movement below the $2,620 and $2,600 levels.

The price broke below the 23.6% Fib rectification level of the upward move from the $2,311 swing low to the $2,722 high. Additionally, it broke below the connected bullish trend line holding support at $2,620 on the hourly chart of ETH/USD.

Ethereum price is currently trading below $2,650 and the 100-hourly simple moving average. However, the bulls are trying to protect further downside below the $2,500 support zone.

If there is another uptrend, the price may hit a hurdle near the $2,600 level and the 100-hour SMA. The first major resistance level is near the $2,625 level. A close above the $2,625 level could see Ether move towards the $2,700 resistance level.

The next major resistance is near $2,720. A break above the $2,720 resistance could push the price higher towards the $2,880 resistance in the short term.

What are the other downsides of ETH?

If Ethereum fails to break the $2,625 resistance, it could continue to decline. The initial support for the downtrend is near $2,520 and the 50% Fibonacci correction level of the upward move from the $2,311 swing low to the $2,722 high. The first major support is near the $2,500 area.

A clear move below the $2,500 support level could see the price rise to $2,450. Further losses could see the price rise to the $2,320 support level in the short term. The next major support level is $2,250.

Technical indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

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

Key Support Level – $2,500

Key Resistance Level – $2,625

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025
Add A Comment

Comments are closed.

Recent Posts

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 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

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025
Most Popular

STRIPE launches a Stablecoin account in more than 100 countries.

May 8, 2025

Enhance AI workflow security with WebAssembly sandboxing

December 19, 2024

New statement from Russian expert on Bitcoin bull market

May 22, 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.