Ethereum (ETH) extended losses, dipping to a low of $2,256 and trading below the 100‑hour SMA and the $2,320–$2,300 resistance. Key support at $2,250 (immediate) and $2,220; a break below $2,220 could target $2,180 → $2,155 and potentially $2,120, while upside requires clearing $2,370–$2,400 to reopen $2,500–$2,550. Technicals bearish: hourly MACD in the bearish zone and RSI <50, signalling short‑term downside risk for crypto/DeFi markets until buyers reclaim resistance levels.

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Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover.

Ethereum started a downside correction below the $2,320 zone.
The price is trading below $2,320 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $2,250 zone.

Ethereum Price Extends Losses

Ethereum price failed to remain stable above $2,330 and started a downside correction, like Bitcoin. ETH price dipped below the $2,320 and $2,300 levels.

The price even spiked below $2,265. A low was formed at $2,256, and the price is now consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,404 swing high to the $2,256 low.

Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,250, the price could attempt another increase. Immediate resistance is seen near the $2,300 level. There is also a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD.

The first key resistance is near the $2,330 level and the 50% Fib retracement level of the downward move from the $2,404 swing high to the $2,256 low. The next major resistance is near the $2,370 level. A clear move above the $2,370 resistance might send the price toward the $2,400 resistance. An upside break above the $2,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $2,300 resistance, it could start a fresh decline. Initial support on the downside is near the $2,250 level. The first major support sits near the $2,220 zone.

A clear move below the $2,220 support might push the price toward the $2,180 support. Any more losses might send the price toward the $2,155 region. The main support could be $2,120.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,250

Major Resistance Level – $2,330

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