Ethereum Price Tries To Extend Gains, $2,420 Stands In The Way
By Aayush Jindal | 2026-05-11 03:18:37 | 4 months ago
Ethereum price started a fresh increase above the $2,320 zone.
ETH is now consolidating and might struggle to continue higher above the $2,385 resistance.
Ethereum started a decent upward move from the $2,265 zone.
The price is trading above $2,320 and the 100-hourly Simple Moving Average.
There is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,300 zone.
Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,265 support zone, like Bitcoin .
ETH price formed a base and started a recovery wave above the $2,300 resistance.
The price surpassed the 50% Fib retracement level of the downward move from the $2,423 swing high to the $2,265 low.
The bulls even pushed the price toward $2,380.
Besides, there is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD.
Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average .
If the bulls remain in action above $2,320, the price could attempt another increase.
Immediate resistance is seen near the $2,385 level or the 76.4% Fib retracement level of the downward move from the $2,423 swing high to the $2,265 low.
The first key resistance is near the $2,400 level.
The next major resistance is near the $2,420 level.
A clear move above the $2,420 resistance might send the price toward the $2,480 resistance.
An upside break above the $2,480 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,565 in the near term.
Another Drop In ETH? If Ethereum fails to clear the $2,385 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,320 level.
The first major support sits near the $2,300 zone.
A clear move below the $2,300 support might push the price toward the $2,265 support.
Any more losses might send the price toward the $2,220 region.
The main support could be $2,200.
Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,300 Major Resistance Level – $2,385
ETH is now consolidating and might struggle to continue higher above the $2,385 resistance.
Ethereum started a decent upward move from the $2,265 zone.
The price is trading above $2,320 and the 100-hourly Simple Moving Average.
There is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,300 zone.
Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,265 support zone, like Bitcoin .
ETH price formed a base and started a recovery wave above the $2,300 resistance.
The price surpassed the 50% Fib retracement level of the downward move from the $2,423 swing high to the $2,265 low.
The bulls even pushed the price toward $2,380.
Besides, there is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD.
Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average .
If the bulls remain in action above $2,320, the price could attempt another increase.
Immediate resistance is seen near the $2,385 level or the 76.4% Fib retracement level of the downward move from the $2,423 swing high to the $2,265 low.
The first key resistance is near the $2,400 level.
The next major resistance is near the $2,420 level.
A clear move above the $2,420 resistance might send the price toward the $2,480 resistance.
An upside break above the $2,480 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,565 in the near term.
Another Drop In ETH? If Ethereum fails to clear the $2,385 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,320 level.
The first major support sits near the $2,300 zone.
A clear move below the $2,300 support might push the price toward the $2,265 support.
Any more losses might send the price toward the $2,220 region.
The main support could be $2,200.
Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,300 Major Resistance Level – $2,385
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEUTRAL
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY