BEARISH 📉 : Ethereum breaks $2,350, trades below 100-hour SMA; bears target $2,255
Ethereum slips below $2,350 as momentum fades. Price consolidates above $2,285 after a break of intraday support.
Ethereum pulled back from $2,425 and trades under $2,365 and the 100-hour SMA. It underperformed Bitcoin during the session, per NewsBTC’s read of the move as BTC’s rally extended.
Bulls lost the $2,340 trendline. ETH printed a $2,286 low, then retraced to the 23.6% Fib of the $2,423–$2,286 drop, with immediate resistance near $2,355. Prior ETH weakness near $2,400 was flagged by NewsBTC in earlier analysis.
What matters for investors:
- Key support at $2,285; stronger support at $2,255. A break risks $2,200, then $2,150–$2,120
- Resistance at $2,355 and $2,385; major hurdle at $2,425. Above $2,450 opens $2,510–$2,550
- Hourly MACD stays in bearish territory; RSI below 50
Source: NewsBTC analysis citing intraday ETH/USD levels and indicators for BTC context and recent ETH rejection near $2,400.