• bitcoinBitcoin (BTC) $ 51,066.00
  • ethereumEthereum (ETH) $ 2,956.87
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 380.42
  • solanaSolana (SOL) $ 102.50
  • xrpXRP (XRP) $ 0.542985
  • staked-etherLido Staked Ether (STETH) $ 2,954.26
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 0.585472
  • avalanche-2Avalanche (AVAX) $ 36.42
  • dogecoinDogecoin (DOGE) $ 0.085063
  • tronTRON (TRX) $ 0.137884
  • chainlinkChainlink (LINK) $ 18.41
  • polkadotPolkadot (DOT) $ 7.74
  • matic-networkPolygon (MATIC) $ 1.01
  • uniswapUniswap (UNI) $ 12.45
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 51,023.00
  • the-open-networkToncoin (TON) $ 2.11
  • internet-computerInternet Computer (ICP) $ 12.39
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • bitcoin-cashBitcoin Cash (BCH) $ 266.91
  • litecoinLitecoin (LTC) $ 69.65
  • daiDai (DAI) $ 0.999007
  • immutable-xImmutable (IMX) $ 3.08
  • filecoinFilecoin (FIL) $ 7.98
  • cosmosCosmos Hub (ATOM) $ 10.50
  • leo-tokenLEO Token (LEO) $ 4.11
  • kaspaKaspa (KAS) $ 0.164890
  • bittensorBittensor (TAO) $ 590.24
  • ethereum-classicEthereum Classic (ETC) $ 25.81
  • nearNEAR Protocol (NEAR) $ 3.55
  • hedera-hashgraphHedera (HBAR) $ 0.107209
  • blockstackStacks (STX) $ 2.48
  • aptosAptos (APT) $ 9.38
  • optimismOptimism (OP) $ 3.58
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • stellarStellar (XLM) $ 0.116461
  • vechainVeChain (VET) $ 0.043468
  • okbOKB (OKB) $ 50.73
  • injective-protocolInjective (INJ) $ 33.93
  • lido-daoLido DAO (LDO) $ 3.20
  • celestiaCelestia (TIA) $ 16.68
  • render-tokenRender (RNDR) $ 6.95
  • mantleMantle (MNT) $ 0.772440
  • crypto-com-chainCronos (CRO) $ 0.092311
  • the-graphThe Graph (GRT) $ 0.258083
  • arbitrumArbitrum (ARB) $ 1.82
  • moneroMonero (XMR) $ 124.47
  • sei-networkSei (SEI) $ 0.805439
  • suiSui (SUI) $ 1.62
  • makerMaker (MKR) $ 2,032.64
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,251.00
  • beam-2Beam (BEAM) $ 0.032085
  • thorchainTHORChain (RUNE) $ 5.36
  • dydx-chaindYdX (DYDX) $ 3.86
  • flowFlow (FLOW) $ 1.05
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,023.26
  • algorandAlgorand (ALGO) $ 0.192552
  • elrond-erd-2MultiversX (EGLD) $ 57.55
  • quant-networkQuant (QNT) $ 103.41
  • aaveAave (AAVE) $ 102.04
  • bitcoin-svBitcoin SV (BSV) $ 74.58
  • flare-networksFlare (FLR) $ 0.040901
  • bitget-tokenBitget Token (BGB) $ 0.998417
  • starknetStarknet (STRK) $ 1.90
  • havvenSynthetix Network (SNX) $ 4.11
  • mina-protocolMina Protocol (MINA) $ 1.26
  • true-usdTrueUSD (TUSD) $ 0.975187
  • theta-tokenTheta Network (THETA) $ 1.25
  • ordinalsORDI (ORDI) $ 59.19
  • heliumHelium (HNT) $ 8.54
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.35
  • fantomFantom (FTM) $ 0.406405
  • the-sandboxThe Sandbox (SAND) $ 0.507882
  • dydxdYdX (ETHDYDX) $ 3.85
  • chilizChiliz (CHZ) $ 0.123644
  • axie-infinityAxie Infinity (AXS) $ 7.99
  • bittorrentBitTorrent (BTT) $ 0.000001
  • worldcoin-wldWorldcoin (WLD) $ 7.80
  • fetch-aiFetch.ai (FET) $ 1.00
  • siacoinSiacoin (SC) $ 0.017923
  • galaGALA (GALA) $ 0.030224
  • apecoinApeCoin (APE) $ 1.73
  • kucoin-sharesKuCoin (KCS) $ 10.48
  • whitebitWhiteBIT Coin (WBT) $ 7.03
  • cheeleeCheelee (CHEEL) $ 18.57
  • tezosTezos (XTZ) $ 1.10
  • osmosisOsmosis (OSMO) $ 1.57
  • blurBlur (BLUR) $ 0.691936
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000045
  • eosEOS (EOS) $ 0.814811
  • decentralandDecentraland (MANA) $ 0.492143
  • dymensionDymension (DYM) $ 6.23
  • frax-etherFrax Ether (FRXETH) $ 2,947.21
  • neoNEO (NEO) $ 12.65
  • roninRonin (RON) $ 2.99
  • conflux-tokenConflux (CFX) $ 0.237848
  • akash-networkAkash Network (AKT) $ 3.89
  • astarAstar (ASTR) $ 0.158883
  • kavaKava (KAVA) $ 0.814532
  • singularitynetSingularityNET (AGIX) $ 0.690849
  • woo-networkWOO (WOO) $ 0.482722
  • arweaveArweave (AR) $ 13.03
  • iotaIOTA (IOTA) $ 0.271539
  • pyth-networkPyth Network (PYTH) $ 0.552959
  • axelarAxelar (AXL) $ 1.43
  • gnosisGnosis (GNO) $ 317.59
  • oasis-networkOasis Network (ROSE) $ 0.121504
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.39
  • klay-tokenKlaytn (KLAY) $ 0.224858
  • bonkBonk (BONK) $ 0.000012
  • usddUSDD (USDD) $ 0.999470
  • wemix-tokenWEMIX (WEMIX) $ 2.02
  • manta-networkManta Network (MANTA) $ 2.89
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000124
  • swethSwell Ethereum (SWETH) $ 2,989.85
  • curve-dao-tokenCurve DAO (CRV) $ 0.628157
  • jupiter-exchange-solanaJupiter (JUP) $ 0.513131
  • msolMarinade staked SOL (MSOL) $ 119.57
  • frax-shareFrax Share (FXS) $ 8.68
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,169.38
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.51
  • fraxFrax (FRAX) $ 0.998641
  • ecasheCash (XEC) $ 0.000033
  • gatechain-tokenGate (GT) $ 4.77
  • nexoNEXO (NEXO) $ 1.13
  • corgiaiCorgiAI (CORGIAI) $ 0.002101
  • 1inch1inch (1INCH) $ 0.543011
  • jasmycoinJasmyCoin (JASMY) $ 0.012697
  • illuviumIlluvium (ILV) $ 96.26
  • ondo-financeOndo (ONDO) $ 0.414221
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,142.12
  • rocket-poolRocket Pool (RPL) $ 28.40
  • xdce-crowd-saleXDC Network (XDC) $ 0.041034
  • coredaoorgCore (CORE) $ 0.654689
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.33
  • iotexIoTeX (IOTX) $ 0.057291
  • altlayerAltLayer (ALT) $ 0.483799
  • zetachainZetaChain (ZETA) $ 2.22
  • enjincoinEnjin Coin (ENJ) $ 0.359815
  • pepePepe (PEPE) $ 0.000001
  • metis-tokenMetis (METIS) $ 93.89
  • fasttokenFasttoken (FTN) $ 1.64
  • tether-goldTether Gold (XAUT) $ 2,013.85
  • compound-governance-tokenCompound (COMP) $ 71.32
  • kujiraKujira (KUJI) $ 3.91
  • gmxGMX (GMX) $ 50.13
  • radixRadix (XRD) $ 0.045414
  • lido-staked-solLido Staked SOL (STSOL) $ 119.36
  • stepnGMT (GMT) $ 0.265024
  • casper-networkCasper Network (CSPR) $ 0.038107
  • ribbon-financeRibbon Finance (RBN) $ 0.489156
  • skaleSKALE (SKL) $ 0.086082
  • terra-luna-2Terra (LUNA) $ 0.662330
  • compound-wrapped-btccWBTC (CWBTC) $ 1,025.21
  • nervos-networkNervos Network (CKB) $ 0.010107
  • aelfaelf (ELF) $ 0.621437
  • apenftAPENFT (NFT) $ 0.00000044
  • mask-networkMask Network (MASK) $ 4.50
  • neutron-3Neutron (NTRN) $ 1.54
  • bitcoin-goldBitcoin Gold (BTG) $ 24.45
  • celoCelo (CELO) $ 0.812174
  • superfarmSuperVerse (SUPER) $ 0.945024
  • strideStride (STRD) $ 4.77
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • holotokenHolo (HOT) $ 0.002373
  • kusamaKusama (KSM) $ 46.97
  • echelon-primeEchelon Prime (PRIME) $ 12.29
  • zilliqaZilliqa (ZIL) $ 0.023669
  • ocean-protocolOcean Protocol (OCEAN) $ 0.701304
  • livepeerLivepeer (LPT) $ 13.45
  • compound-ethercETH (CETH) $ 59.43
  • zcashZcash (ZEC) $ 27.73
  • gasGas (GAS) $ 6.27
  • pax-goldPAX Gold (PAXG) $ 2,008.02
  • api3API3 (API3) $ 3.79
  • rollbit-coinRollbit Coin (RLB) $ 0.135960
  • aleph-zeroAleph Zero (AZERO) $ 1.30
  • pixelsPixels (PIXEL) $ 0.507652
  • convex-financeConvex Finance (CVX) $ 4.70
  • origintrailOriginTrail (TRAC) $ 1.01
  • desoDecentralized Social (DESO) $ 36.29
  • xai-blockchainXai (XAI) $ 1.37
  • hytopiaHytopia (TOPIA) $ 0.075839
  • basic-attention-tokenBasic Attention (BAT) $ 0.252291
  • stader-ethxStader ETHx (ETHX) $ 3,006.60
  • nosanaNosana (NOS) $ 4.45
  • pocket-networkPocket Network (POKT) $ 0.224337
  • safepalSafePal (SFP) $ 0.791853
  • moonbeamMoonbeam (GLMR) $ 0.429286
  • dashDash (DASH) $ 30.33
  • sushiSushi (SUSHI) $ 1.82
  • loopringLoopring (LRC) $ 0.278379
  • nemNEM (XEM) $ 0.038421
  • flokiFLOKI (FLOKI) $ 0.000035
  • vethor-tokenVeThor (VTHO) $ 0.004722
  • qtumQtum (QTUM) $ 3.28
  • oec-tokenOKT Chain (OKT) $ 19.02
  • chiaChia (XCH) $ 32.28
  • magicMagic (MAGIC) $ 1.24

Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

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Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

Ethereum price gained bearish momentum below $1,860 against the US Dollar. ETH is showing a lot of bearish signs and might drop to $1,720.

  • Ethereum is down over 4% and trading well below $1,900.
  • The price is trading below $1,840 and the 100-hourly Simple Moving Average.
  • There was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down toward the $1,720 and $1,700 levels.

Ethereum Price Drops Over 4%

Ethereum’s price failed to clear the $1,920 resistance. ETH started a strong decline below the $1,900 and $1,880 levels to move into a bearish zone, similar to Bitcoin.

The bears were able to push the price below the key $1,840 support. Besides, there was a break below a connecting bullish trend line with support near $1,900 on the hourly chart of ETH/USD. The price is down over 4% and it traded close to the $1,775 support.

A low is formed near $1,777 and the price is now consolidating losses. It is slowly moving higher above the 23.6% Fib retracement level of the downward move from the $1,912 swing high to the $1,777 low.

Ether is now trading below $1,840 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,840 zone. The next major resistance is near the $1,850 level or the 50% Fib retracement level of the downward move from the $1,912 swing high to the $1,777 low.

Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

Source: ETHUSD on TradingView.com

A proper move above the $1,840 and $1,850 resistance levels might send Ether toward $1,900. The next resistance sits near $1,920, above which Ethereum could rise toward $1,965. Any more gains above the $1,965 resistance zone might send the price toward the $2,000 resistance.

More Losses in ETH?

If Ethereum fails to clear the $1,840 resistance, it could continue to move down. Initial support on the downside is near the $1,775 level.

The next major support is near the $1,740 zone. If there is a break below the $1,740 support, the price could decline toward the $1,700 support. Any more losses may perhaps send the price toward the $1,660 level or even $1,640.

Technical Indicators

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

Hourly RSIThe RSI for ETH/USD is below the 50 level.

Major Support Level – $1,775

Major Resistance Level – $1,850

Source

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