Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum price decline continues to rise, but the decline is not over yet
EXCHANGE NEWS

Ethereum price decline continues to rise, but the decline is not over yet

By Crypto FlexsDecember 13, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum price decline continues to rise, but the decline is not over yet
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is falling below the $2,250 support. ETH now risks further downside below the $2,120 support.

  • Ethereum has had trouble starting a new rally above the $2,250 resistance level.
  • The price is trading below $2,250 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major descending channel forming with resistance near $2,225.
  • A break below the $2,120 support zone could lead the pair to continue falling.

Ethereum price takes a hit

Ethereum price attempted a new rise above the $2,120 and $2,150 levels. ETH rose to the $2,200 level, but bears were actively trading near the $2,250 level. A high was made near $2,252 and the price began a new decline, much like Bitcoin.

There was a move below the $2,200 support level. The price fell below the 23.6% Fib retracement level, rising from the $1,980 swing low to the $2,252 high.

Ethereum is currently trading below $2,250 and the 100-hour simple moving average. There is also a major downward channel on the hourly chart of ETH/USD with resistance forming near $2,225. Any new price upside may face resistance near the $2,200 level.

Source: ETHUSD on TradingView.com

The next major resistance is near the $2,225 level or the channel trendline. The main resistance level is still close to $2,250. A clear break above the $2,250 area could push the price towards the $2,300 level. The next resistance level is $2,350. Any more profits could start a wave towards the $2,500 level.

Will there be more losses in ETH?

If Ethereum fails to clear the $2,225 resistance, it may continue to fall. Initial support on the downside is near the $2,120 level or the 50% Fib retracement level of the rise from the $1,980 swing low to the $2,252 high.

The next major support is at $2,045. Currently, the main support amount is closer to $2,000. A decline below $2,000 could start another big decline. If noted, Ether could revisit the $1,880 support. A test of the $1,820 support zone in the near term may be necessary for further losses to occur.

technical indicators

Hourly MACD – ETH/USD MACD is gaining momentum in bearish territory.

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

Key Support Level – $2,120

Key Resistance Level – $2,225

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee Price Eye $ 3K milestone -Momentum is built as the buyer returns.

June 11, 2025

Bitcoin prices rise again. Are Bulls charging for the new high?

June 10, 2025

The XRP price is optimistic for more than $ 2, and this falling channel is $ 3.8.

June 9, 2025
Add A Comment

Comments are closed.

Recent Posts

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025

Portfolio construction for Q3: The reason for combining chainlink (link) and pol (EX-MATIC) can be a victory strategy.

June 13, 2025

Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption

June 12, 2025

​Bitpanda Opens The Gate To Web3 With Vision (VSN)

June 12, 2025

New USDT/USDC Stablecoin Mining Platform Launches — Secure, Flexible, And High-Yield DeFi Opportunity

June 12, 2025

SEC Approves Ethereum ETF, Will XRP And DOGE Be The Next Tipping Point? Is Cloud Computing The Next Investment Holy Grail?

June 12, 2025

Bank of America’s eyes among the Senate’s fast tracking genius acts

June 12, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

Ether surpasses Bitcoin in May. ETH derivatives volume surpasses BTC in OKX.

June 12, 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

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025
Most Popular

Bitget Launchpool and Spot Trading lists introducing Elixir Network

March 6, 2025

How a VPN Strengthens Cryptocurrency Security

August 15, 2024

Weekly winners and losers in the cryptocurrency market – LINK, PENDLE, MANTLE, JUP

February 4, 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.