NewsBTC
Dec 19, 2025
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Ethereum Price Declines Below $2,900 Amid Renewed Selling Pressure

Ethereum's price is experiencing selling pressure, failing to maintain levels above $2,950. The price has declined below $2,920 and $2,900, trading under the 100-hourly Simple Moving Average.

  • A bearish trend line with resistance at $2,925 is forming on the hourly chart of ETH/USD (via Kraken).
  • The price recently dipped to a low of $2,775 and is consolidating near the 23.6% Fib retracement level between $2,993 and $2,775.
  • If Ethereum clears the $2,850 resistance, it might target higher resistances at $2,880 and $2,925.

Ethereum Price

Potential Movements

  • A move above $2,925 could push the price towards $3,000, with further gains possible up to $3,080 or even $3,120.
  • Failing to clear $2,850 may result in a decline, with initial support at $2,800 and major support at $2,775.
  • A drop below $2,775 could lead to further losses towards $2,720 and possibly $2,640.

Technical Indicators:

  • Hourly MACD is losing momentum in the bearish zone.
  • Hourly RSI is below the 50 zone.
  • Major Support Level: $2,775
  • Major Resistance Level: $2,880