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Ethereum Price Fails to Break Through — What’s Holding It Back?

n70products by n70products
May 19, 2025
in Market & Analysis
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ETH Accelerates Losses Amid Market Turmoil
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Ethereum worth corrected positive factors and examined the $2,320 zone. ETH is now struggling and would possibly decline towards the $2,220 help zone.

  • Ethereum began a correction from the $2,580 zone and examined $2,320.
  • The worth is buying and selling under $2,500 and the 100-hourly Easy Shifting Common.
  • There’s a connecting bearish pattern line forming with resistance at $2,540 on the hourly chart of ETH/USD (knowledge feed by way of Kraken).
  • The pair may acquire energy if it clears the $2,550 resistance within the close to time period.

Ethereum Worth Dips Once more

Ethereum worth struggled to clear the $2,520 resistance and began a draw back correction, in contrast to Bitcoin. ETH traded under the $2,500 and $2,440 help ranges.

The bears had been capable of push the worth under the 50% Fib retracement degree of the upward transfer from the $2,308 swing low to the $2,509 excessive. The worth even spiked under the $2,440 degree, however the bulls had been energetic close to the $2,400 zone.

The worth is secure above the 61.8% Fib retracement degree of the upward transfer from the $2,308 swing low to the $2,509 excessive. Ethereum worth is now buying and selling under $2,450 and the 100-hourly Simple Moving Average. There’s additionally a connecting bearish pattern line forming with resistance at $2,540 on the hourly chart of ETH/USD.

If there’s one other enhance, the worth may face resistance close to the $2,460 degree. The following key resistance is close to the $2,500 degree. The primary main resistance is close to the $2,550 degree and the pattern line. A transparent transfer above the $2,550 resistance would possibly ship the worth towards the $2,580 resistance.

Ethereum Price
Supply: ETHUSD on TradingView.com

An upside break above the $2,580 resistance would possibly name for extra positive factors within the coming periods. Within the acknowledged case, Ether may rise towards the $2,700 resistance zone and even $2,780 within the close to time period.

One other Decline In ETH?

If Ethereum fails to clear the $2,500 resistance, it may begin a recent decline. Preliminary help on the draw back is close to the $2,400 degree. The primary main help sits close to the $2,350 zone.

A transparent transfer under the $2,350 help would possibly push the worth towards the $2,320 help. Any extra losses would possibly ship the worth towards the $2,220 help degree within the close to time period. The following key help sits at $2,120.

Technical Indicators

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

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

Main Assist Degree – $2,400

Main Resistance Degree – $2,500



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