Close Menu
Global News HQ
    What's Hot

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    June 28, 2025

    PwC to cut 175 junior auditors amid slowdown

    June 28, 2025
    Recent Posts
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • 10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    • Microsoft Sued in Manhattan Federal Court for Allegedly Using Pirated Material to Train AI Models | Law.com
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • 10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    • Microsoft Sued in Manhattan Federal Court for Allegedly Using Pirated Material to Train AI Models | Law.com
    • Baglietto and Meyer Davis Just Teamed up on a Sleek 183-Foot Superyacht
    • Trump Thinks Reporting The Truth Is A Punishable Offense – See Also – Above the Law
    • SCOTUS upholds part of ACA that makes preventive care fully covered
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Ethereum Price Faces Pressure: Can It Sustain Its Recent Rally?
    Cryptocurrency & Blockchain

    Ethereum Price Faces Pressure: Can It Sustain Its Recent Rally?

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Ethereum Price Faces Pressure: Can It Sustain Its Recent Rally?
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.

    • Ethereum started a decent increase above the $2,500 and $2,520 levels.
    • The price is trading near $2,550 and the 100-hourly Simple Moving Average.
    • There was a break below a connecting bullish trend line with support at $2,555 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could extend losses if there is a move below the $2,500 support zone in the near term.

    Ethereum Price Faces Resistance

    Ethereum price started a fresh increase from the $2,460 support zone, like Bitcoin. ETH price was able to recover above the $2,500 and $2,520 resistance levels.

    The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $2,730 swing high to the $2,463 low. However, the bears were active near the $2,600 resistance zone. The price failed to clear $2,600 and reacted to the downside.

    Ethereum price is now trading near $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,555 on the hourly chart of ETH/USD.

    On the upside, the price could face resistance near the $2,580 level. The next key resistance is near the $2,600 level. It is close to the 50% Fib retracement level of the downward move from the $2,730 swing high to the $2,463 low.

    The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,850 in the near term.

    More Losses In ETH?

    If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone.

    A clear move below the $2,520 support might push the price toward the $2,460 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.

    Technical Indicators

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

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

    Major Support Level – $2,520

    Major Resistance Level – $2,600



    Source link

    ethbtc ethereum ethusd ETHUSDT
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleDiscover Hidden Treasures at Second Hand Shops: Your Guide to Sustainable Shopping
    Next Article Why Food Is Everywhere in Fashion Advertising

    Related Posts

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    Ripple drops cross-appeal as SEC set to follow, closing XRP case

    June 28, 2025

    Public Keys: Copycat Lawsuits for Bitcoin Giant Strategy, Coinbase Hits All-Time High – Decrypt

    June 28, 2025

    Is Ethereum (ETH) Seriously Undervalued Right Now? Many Whales Bet On It

    June 27, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Cryptocurrency & Blockchain
    3 Mins Read

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse…

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    June 28, 2025

    PwC to cut 175 junior auditors amid slowdown

    June 28, 2025

    Are You Approachable at Work? Tips for Building Better Connections

    June 28, 2025
    Top
    Cryptocurrency & Blockchain
    3 Mins Read

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse…

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    June 28, 2025

    PwC to cut 175 junior auditors amid slowdown

    June 28, 2025
    Our Picks
    Cryptocurrency & Blockchain
    3 Mins Read

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse…

    Travel & Tourism (Luxury)
    8 Mins Read

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    f you’ve been traveling for years now, there’s a good chance you’ve built up a…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

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

    Go to mobile version