Ethereum Price Rejected Near $2,400 Again, Sellers Defend Key Barrier
By Aayush Jindal | 2026-05-12 03:08:09 | 4 months ago
Ethereum price started a downside correction from $2,380.
ETH is now showing a few bearish signs and might decline further if it trades below $2,300.
Ethereum started a downside correction below the $2,360 zone.
The price is trading below $2,350 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it stays below the $2,350 zone.
Ethereum Price Dips Again Ethereum price failed to stay above the $2,365 zone and extended its decline, like Bitcoin .
ETH price gained pace for a move below the $2,350 and $2,340 levels.
There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD.
The bears pushed the price below the 50% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high.
Finally, the bulls appeared near $2,300.
Ethereum price is now trading below $2,340 and the 100-hourly Simple Moving Average.
If the bulls remain in action above $2,300, the price could attempt another increase .
Immediate resistance is seen near the $2,340 level.
The first key resistance is near the $2,365 level.
The next major resistance is near the $2,380 level.
A clear move above the $2,380 resistance might send the price toward the $2,400 resistance.
An upside break above the $2,400 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,440 resistance zone or even $2,450 in the near term.
More Downside In ETH? If Ethereum fails to clear the $2,350 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,300 level and the 76.4% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high.
The first major support sits near the $2,265 zone.
A clear move below the $2,265 support might push the price toward the $2,220 support.
Any more losses might send the price toward the $2,200 region.
The main support could be $2,150.
Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $2,300 Major Resistance Level – $2,380
ETH is now showing a few bearish signs and might decline further if it trades below $2,300.
Ethereum started a downside correction below the $2,360 zone.
The price is trading below $2,350 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it stays below the $2,350 zone.
Ethereum Price Dips Again Ethereum price failed to stay above the $2,365 zone and extended its decline, like Bitcoin .
ETH price gained pace for a move below the $2,350 and $2,340 levels.
There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD.
The bears pushed the price below the 50% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high.
Finally, the bulls appeared near $2,300.
Ethereum price is now trading below $2,340 and the 100-hourly Simple Moving Average.
If the bulls remain in action above $2,300, the price could attempt another increase .
Immediate resistance is seen near the $2,340 level.
The first key resistance is near the $2,365 level.
The next major resistance is near the $2,380 level.
A clear move above the $2,380 resistance might send the price toward the $2,400 resistance.
An upside break above the $2,400 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,440 resistance zone or even $2,450 in the near term.
More Downside In ETH? If Ethereum fails to clear the $2,350 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,300 level and the 76.4% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high.
The first major support sits near the $2,265 zone.
A clear move below the $2,265 support might push the price toward the $2,220 support.
Any more losses might send the price toward the $2,200 region.
The main support could be $2,150.
Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $2,300 Major Resistance Level – $2,380
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEGATIVE
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY