NewsBTC
17 June 2025
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Ethereum Price Declines Below $2,600, Support Found Near $2,525

Ethereum price is experiencing a decline after attempting to rise above $2,600. Currently, it may struggle to maintain support above $2,500.

  • Ethereum declined below the $2,600 level.
  • Price is trading under $2,575 and below the 100-hourly Simple Moving Average.
  • A bullish trend line is forming with support at $2,525 on the hourly chart of ETH/USD.
  • If it stays above the $2,500 zone, a fresh increase could occur.

Price Correction Details

Ethereum found support near $2,440 and initiated a recovery, surpassing the $2,500 and $2,550 resistance levels. It briefly exceeded the $2,620 resistance but faced selling pressure near $2,660.

  • The price is currently trading below $2,600.
  • Resistance levels are identified at $2,620, $2,640, and $2,660.
  • A move above $2,660 could lead to targets around $2,720 and possibly $2,800 or $2,880.

Ethereum Price

Potential Further Losses

If Ethereum does not break through the $2,660 resistance, it may face further declines.

  • Initial support is at $2,540.
  • Major support lies near $2,525 and the trend line.
  • A drop below $2,525 could push the price toward $2,500 or further down to $2,440.
  • The next key support is at $2,350.

Technical Indicators

  • Hourly MACD indicates bearish momentum.
  • Hourly RSI is below the 50 zone.
  • Major support level is $2,500.
  • Major resistance level is $2,660.