NewsBTC
2 July 2025
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Ethereum Price Declines Below $2,450 as Support Weakens

Ethereum price is declining, currently struggling to maintain support above $2,350.

  • Ethereum has declined from the $2,520 level.
  • Current trading is below $2,450 and the 100-hourly Simple Moving Average.
  • A break occurred below a bullish trend line at $2,450 on the ETH/USD hourly chart.
  • The pair may rebound if it stays above the $2,350 zone.

Price Movements

Ethereum has entered a bearish phase after dropping below $2,500 and $2,450. The lowest point reached was $2,373, with an attempt to recover some losses seen.

The price is now under $2,450, facing resistance near $2,420 and again at $2,465. A move above $2,465 could push the price toward $2,520.

Ethereum Price

If the price fails to break past $2,450, there is potential for further declines. Initial support is at $2,375, followed by $2,350. A drop below $2,350 may lead to testing lower supports at $2,280 and $2,220.

Technical Indicators

Hourly MACD is losing momentum in the bearish zone.

Hourly RSI is below the 50 mark.

Major Support Level is at $2,350.

Major Resistance Level is at $2,450.