NewsBTC
Dec 2, 2025
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Ethereum Price Drops Below $2,880 as Recovery Faces Resistance

Ethereum's price has declined below $2,880 and $2,800, now attempting recovery from $2,720.

  • The price is trading below $2,850 and the 100-hourly Simple Moving Average.
  • A short-term bearish trend line with resistance at $2,820 is forming on the hourly chart of ETH/USD.
  • The price could rise if it settles above the $2,850 zone.

Ethereum Price Recovery Attempts

ETH price fell below $2,950, aligning with Bitcoin's decline. It entered a bearish zone under $2,880 and $2,800.

  • After reaching a low of $2,718, ETH is attempting to recover, having moved above $2,750.
  • The price surpassed the 23.6% Fibonacci retracement level from the $3,052 swing high to the $2,718 low.
  • Key resistance levels are $2,820, $2,880, and $2,920. Surpassing $2,920 may lead to further gains toward $3,000 or higher.

Ethereum Price

Potential Decline in ETH?

If Ethereum fails to overcome the $2,880 resistance, a fresh decline might occur.

  • Initial support is near $2,760, with major support at $2,740.
  • A drop below $2,740 could push the price to $2,720, potentially declining further to $2,650, $2,550, or $2,500.

Technical Indicators

  • Hourly MACD: Losing momentum in the bearish zone.
  • Hourly RSI: Below the 50 zone.

Major Support Level: $2,720

Major Resistance Level: $2,880