Ethereum Price Trapped Below $2,320, Recovery Hopes Start Fading
By Aayush Jindal | 2026-05-15 02:58:11 | 4 months ago
Ethereum price started a recovery wave above the $2,280 zone.
ETH is now consolidating and might struggle to continue higher above the $2,320 resistance.
Ethereum started a recovery wave from the $2,235 zone.
The price is trading below $2,300 and the 100-hourly Simple Moving Average.
There is a bullish trend line forming with support at $2,260 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,320 zone.
Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,220 support zone and attempted to recover, like Bitcoin .
ETH price formed a base and started a recovery wave above the $2,265 resistance.
The price surpassed the 50% Fib retracement level of the downward move from the $2,382 swing high to the $2,233 low.
The bulls even pushed the price toward $2,320.
The bears remained active and pushed the price below $2,300.
Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average .
Besides, there is a bullish trend line forming with support at $2,260 on the hourly chart of ETH/USD.
If the bulls remain in action above $2,260, the price could attempt another increase.
Immediate resistance is seen near the $2,300 level.
The first key resistance is near the $2,320 level or the 61.8% Fib retracement level of the downward move from the $2,382 swing high to the $2,233 low.
The next major resistance is near the $2,380 level.
A clear move above the $2,380 resistance might send the price toward the $2,420 resistance.
An upside break above the $2,420 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term.
More Losses In ETH? If Ethereum fails to clear the $2,320 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,260 level.
The first major support sits near the $2,250 zone.
A clear move below the $2,250 support might push the price toward the $2,220 support.
Any more losses might send the price toward the $2,150 region.
The main support could be $2,120.
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 – $2,250 Major Resistance Level – $2,320
ETH is now consolidating and might struggle to continue higher above the $2,320 resistance.
Ethereum started a recovery wave from the $2,235 zone.
The price is trading below $2,300 and the 100-hourly Simple Moving Average.
There is a bullish trend line forming with support at $2,260 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,320 zone.
Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,220 support zone and attempted to recover, like Bitcoin .
ETH price formed a base and started a recovery wave above the $2,265 resistance.
The price surpassed the 50% Fib retracement level of the downward move from the $2,382 swing high to the $2,233 low.
The bulls even pushed the price toward $2,320.
The bears remained active and pushed the price below $2,300.
Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average .
Besides, there is a bullish trend line forming with support at $2,260 on the hourly chart of ETH/USD.
If the bulls remain in action above $2,260, the price could attempt another increase.
Immediate resistance is seen near the $2,300 level.
The first key resistance is near the $2,320 level or the 61.8% Fib retracement level of the downward move from the $2,382 swing high to the $2,233 low.
The next major resistance is near the $2,380 level.
A clear move above the $2,380 resistance might send the price toward the $2,420 resistance.
An upside break above the $2,420 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term.
More Losses In ETH? If Ethereum fails to clear the $2,320 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,260 level.
The first major support sits near the $2,250 zone.
A clear move below the $2,250 support might push the price toward the $2,220 support.
Any more losses might send the price toward the $2,150 region.
The main support could be $2,120.
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 – $2,250 Major Resistance Level – $2,320
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEUTRAL
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY