NewsBTC
30 May 2025
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Ethereum Price Declines Below $2,650 with Key Support at $2,550

Ethereum price is experiencing a decline, currently trading below $2,650.

  • ETH started a downside correction after failing to hold above $2,700.
  • The price is below the 100-hourly Simple Moving Average.
  • A significant bearish trend line was broken, with support at $2,625.
  • If it drops below $2,550, further losses might occur.

Current Price Movement

Ethereum rebounded from the $2,550 support zone but faced resistance around $2,780. It formed a high at $2,787 before declining below the $2,700 level and the 50% Fib retracement of the previous move.

Resistance levels include $2,625 and $2,720. A breakout above $2,720 could push ETH toward $2,780 or higher.

Ethereum Price

Potential for Further Losses

Failure to surpass the $2,650 resistance may lead to a new decline. Key support levels are:

  • $2,600 (initial support)
  • $2,550 (major support, near 76.4% Fib retracement)
  • $2,500 (next support)
  • $2,440 (further potential drop)
  • $2,400 (key support)

Technical Indicators

  • Hourly MACD indicates bearish momentum.
  • Hourly RSI is below 50.

Major support is at $2,550; major resistance at $2,650.