• bitcoinBitcoin (BTC) $ 59,418.00
  • ethereumEthereum (ETH) $ 3,172.35
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 534.05
  • solanaSolana (SOL) $ 144.09
  • usd-coinUSDC (USDC) $ 0.999963
  • staked-etherLido Staked Ether (STETH) $ 3,171.14
  • xrpXRP (XRP) $ 0.520202
  • the-open-networkToncoin (TON) $ 7.28
  • dogecoinDogecoin (DOGE) $ 0.112720
  • cardanoCardano (ADA) $ 0.428510
  • tronTRON (TRX) $ 0.139424
  • avalanche-2Avalanche (AVAX) $ 25.92
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 59,331.00
  • polkadotPolkadot (DOT) $ 6.19
  • chainlinkChainlink (LINK) $ 12.95
  • bitcoin-cashBitcoin Cash (BCH) $ 377.59
  • uniswapUniswap (UNI) $ 8.17
  • nearNEAR Protocol (NEAR) $ 5.29
  • leo-tokenLEO Token (LEO) $ 5.80
  • daiDai (DAI) $ 0.999426
  • litecoinLitecoin (LTC) $ 70.16
  • matic-networkPolygon (MATIC) $ 0.527665
  • wrapped-eethWrapped eETH (WEETH) $ 3,309.29
  • kaspaKaspa (KAS) $ 0.169845
  • internet-computerInternet Computer (ICP) $ 8.85
  • pepePepe (PEPE) $ 0.000009
  • ethena-usdeEthena USDe (USDE) $ 0.999085
  • ethereum-classicEthereum Classic (ETC) $ 22.28
  • aptosAptos (APT) $ 6.45
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.18
  • stellarStellar (XLM) $ 0.100024
  • moneroMonero (XMR) $ 156.49
  • makerMaker (MKR) $ 2,738.77
  • hedera-hashgraphHedera (HBAR) $ 0.070788
  • blockstackStacks (STX) $ 1.67
  • crypto-com-chainCronos (CRO) $ 0.091638
  • filecoinFilecoin (FIL) $ 4.28
  • cosmosCosmos Hub (ATOM) $ 6.17
  • render-tokenRender (RNDR) $ 6.14
  • mantleMantle (MNT) $ 0.722857
  • okbOKB (OKB) $ 39.36
  • vechainVeChain (VET) $ 0.028908
  • arbitrumArbitrum (ARB) $ 0.695832
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,215.77
  • immutable-xImmutable (IMX) $ 1.35
  • injective-protocolInjective (INJ) $ 20.41
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999275
  • suiSui (SUI) $ 0.767840
  • optimismOptimism (OP) $ 1.70
  • bittensorBittensor (TAO) $ 260.70
  • the-graphThe Graph (GRT) $ 0.191662
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,549.32
  • dogwifcoindogwifhat (WIF) $ 1.64
  • bonkBonk (BONK) $ 0.000023
  • arweaveArweave (AR) $ 24.60
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,298.82
  • notcoinNotcoin (NOT) $ 0.015361
  • aaveAave (AAVE) $ 100.67
  • lido-daoLido DAO (LDO) $ 1.67
  • bitget-tokenBitget Token (BGB) $ 1.03
  • ondo-financeOndo (ONDO) $ 1.00
  • theta-tokenTheta Network (THETA) $ 1.42
  • flokiFLOKI (FLOKI) $ 0.000145
  • whitebitWhiteBIT Coin (WBT) $ 9.54
  • fantomFantom (FTM) $ 0.488630
  • thorchainTHORChain (RUNE) $ 3.70
  • celestiaCelestia (TIA) $ 6.18
  • algorandAlgorand (ALGO) $ 0.145213
  • jasmycoinJasmyCoin (JASMY) $ 0.024179
  • based-brettBrett (BRETT) $ 0.116690
  • pyth-networkPyth Network (PYTH) $ 0.305362
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,169.36
  • jupiter-exchange-solanaJupiter (JUP) $ 0.784637
  • quant-networkQuant (QNT) $ 71.41
  • sei-networkSei (SEI) $ 0.326883
  • coredaoorgCore (CORE) $ 1.10
  • elrond-erd-2MultiversX (EGLD) $ 35.52
  • gatechain-tokenGate (GT) $ 7.17
  • flare-networksFlare (FLR) $ 0.019968
  • mantra-daoMANTRA (OM) $ 1.08
  • kucoin-sharesKuCoin (KCS) $ 9.18
  • flowFlow (FLOW) $ 0.575342
  • akash-networkAkash Network (AKT) $ 3.42
  • axie-infinityAxie Infinity (AXS) $ 5.59
  • eosEOS (EOS) $ 0.546868
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,223.62
  • dydx-chaindYdX (DYDX) $ 1.33
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.27
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.00
  • bitcoin-svBitcoin SV (BSV) $ 40.34
  • galaGALA (GALA) $ 0.021717
  • bittorrentBitTorrent (BTT) $ 0.00000082
  • beam-2Beam (BEAM) $ 0.015554
  • tezosTezos (XTZ) $ 0.785474
  • msolMarinade Staked SOL (MSOL) $ 173.31
  • neoNEO (NEO) $ 10.81
  • fasttokenFasttoken (FTN) $ 2.35
  • usddUSDD (USDD) $ 0.999171
  • starknetStarknet (STRK) $ 0.562319
  • zebec-protocolZebec Protocol (ZBC) $ 0.014148
  • the-sandboxThe Sandbox (SAND) $ 0.314842
  • roninRonin (RON) $ 2.12
  • ordinalsORDI (ORDI) $ 33.18
  • gnosisGnosis (GNO) $ 265.01
  • ethenaEthena (ENA) $ 0.397171
  • lido-staked-solLido Staked SOL (STSOL) $ 169.76
  • fraxFrax (FRAX) $ 0.997418
  • nexoNEXO (NEXO) $ 1.14
  • mog-coinMog Coin (MOG) $ 0.000002
  • frax-etherFrax Ether (FRXETH) $ 3,169.53
  • decentralandDecentraland (MANA) $ 0.331531
  • ecasheCash (XEC) $ 0.000031
  • conflux-tokenConflux (CFX) $ 0.145627
  • chilizChiliz (CHZ) $ 0.068155
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,418.72
  • safeSafe (SAFE) $ 1.40
  • tether-goldTether Gold (XAUT) $ 2,411.06
  • pendlePendle (PENDLE) $ 3.78
  • zksyncZKsync (ZK) $ 0.157636
  • mina-protocolMina Protocol (MINA) $ 0.506635
  • dexeDeXe (DEXE) $ 10.04
  • havvenSynthetix Network (SNX) $ 1.69
  • klay-tokenKlaytn (KLAY) $ 0.149216
  • oasis-networkOasis Network (ROSE) $ 0.081585
  • popcatPopcat (POPCAT) $ 0.554277
  • astarAstar (ASTR) $ 0.076988
  • heliumHelium (HNT) $ 3.20
  • iotaIOTA (IOTA) $ 0.159710
  • book-of-memeBOOK OF MEME (BOME) $ 0.007682
  • swethSwell Ethereum (SWETH) $ 3,362.68
  • 1inch1inch (1INCH) $ 0.412698
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.90
  • wormholeWormhole (W) $ 0.282248
  • wemix-tokenWEMIX (WEMIX) $ 1.24
  • axelarAxelar (AXL) $ 0.702046
  • raydiumRaydium (RAY) $ 1.89
  • apecoinApeCoin (APE) $ 0.739163
  • worldcoin-wldWorldcoin (WLD) $ 1.82
  • true-usdTrueUSD (TUSD) $ 0.998460
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,457.08
  • nervos-networkNervos Network (CKB) $ 0.010905
  • aioz-networkAIOZ Network (AIOZ) $ 0.428060
  • xdce-crowd-saleXDC Network (XDC) $ 0.031098
  • livepeerLivepeer (LPT) $ 13.76
  • theta-fuelTheta Fuel (TFUEL) $ 0.069280
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004527
  • apenftAPENFT (NFT) $ 0.00000045
  • pax-goldPAX Gold (PAXG) $ 2,396.08
  • bitcoin-goldBitcoin Gold (BTG) $ 24.79
  • kavaKava (KAVA) $ 0.398241
  • illuviumIlluvium (ILV) $ 64.73
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000020
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.01
  • stader-ethxStader ETHx (ETHX) $ 3,278.05
  • zcashZcash (ZEC) $ 26.93
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  • usdbUSDB (USDB) $ 0.993833
  • layerzeroLayerZero (ZRO) $ 3.63
  • aevo-exchangeAevo (AEVO) $ 0.467705
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.716788
  • mx-tokenMX (MX) $ 3.78
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  • compound-ethercETH (CETH) $ 63.77
  • rocket-poolRocket Pool (RPL) $ 16.32
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  • beldexBeldex (BDX) $ 0.048255
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Ethereum Price Could Avoid a Major Breakdown if it Closes Above One Key Level

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Ethereum Price Could Avoid a Major Breakdown if it Closes Above One Key Level

Ethereum price is moving lower from the $1,780 resistance against the US Dollar. ETH could decline heavily if there is a clear move below the $1,720 support.

  • Ethereum is struggling to clear the $1,780 and $1,800 resistance levels.
  • The price is trading below $1,800 and the 100-hourly Simple Moving Average.
  • There is a key bearish trend line forming with resistance near $1,760 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could decline heavily if there is a close below $1,720.

Ethereum Price Remains At Risk

Ethereum’s price attempted a fresh increase above the $1,775 and $1,780 resistance levels. ETH failed to gain bullish momentum above the $1,780 resistance, similar to Bitcoin.

Earlier, the price climbed above the 23.6% Fib retracement level of the key decline from the $1,854 swing high to the $1,718 low. The price is now back below $1,750 and showing bearish signs. There is also a key bearish trend line forming with resistance near $1,760 on the hourly chart of ETH/USD.

Ether is clearly struggling to clear $1,800 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,755 zone and the trend line. The next major resistance is near the $1,780 level. It is close to the 50% Fib retracement level of the key decline from the $1,854 swing high to the $1,718 low.

Ethereum Price Could Avoid a Major Breakdown if it Closes Above One Key Level

Source: ETHUSD on TradingView.com

A proper move above the $1,775 and $1,780 resistance levels might send Ether toward $1,850. The next resistance sits near $1,880, above which Ethereum could rise toward the key barrier at $1,920. Any more gains above the $1,920 resistance zone might send the price toward the $2,000 resistance.

More Downsides in ETH?

If Ethereum fails to clear the $1,755 resistance, it could continue to move down. Initial support on the downside is near the $1,720 level.

The next major support is near the $1,700 level. If there is a break and close below the $1,700 support, the price could decline toward the $1,640 support. Any more losses may perhaps send the price toward the $1,600 level or even $1,550 in the coming sessions.

Technical Indicators

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

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

Major Support Level – $1,720

Major Resistance Level – $1,780

Source

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