Ethereum Price Slide May Not Be Over Yet—More Losses Loom
By Aayush Jindal | 2026-06-01 03:18:22 | 3 months ago
Ethereum price started a fresh decline and traded below $2,000.
ETH is now consolidating near $2,000 and might continue to move down.
Ethereum remained in a bearish zone after a fresh decline below $2,010.
The price is trading below $2,010 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it stays below the $2,050 zone.
Ethereum Price Remains At Risk of More Downside Ethereum price failed to remain stable above $2,040 and started a fresh decline, like Bitcoin .
ETH price dipped below the $2,020 and $2,010 levels.
The price even traded below $1,985.
A low was formed at $1,965, and the price recently attempted a minor recovery wave.
There was a move above the 23.6% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low.
However, the bears remained active near $2,040.
The price dipped again below $2,020.
There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD.
Ethereum price is now trading below $2,010 and the 100-hourly Simple Moving Average.
If the bulls remain in action above $1,980, the price could attempt another increase.
Immediate resistance is seen near the $2,020 level.
The first key resistance is near the $2,030 level.
The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low.
A clear move above the $2,050 resistance might send the price toward the $2,085 resistance.
An upside break above the $2,085 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term.
More Downside In ETH? If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline.
Initial support on the downside is near the $1,980 level.
The first major support sits near the $1,965 zone.
A clear move below the $1,965 support might push the price toward the $1,920 support.
Any more losses might send the price toward the $1,850 region.
The main support could be $1,780.
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 – $1,980 Major Resistance Level – $2,050
ETH is now consolidating near $2,000 and might continue to move down.
Ethereum remained in a bearish zone after a fresh decline below $2,010.
The price is trading below $2,010 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it stays below the $2,050 zone.
Ethereum Price Remains At Risk of More Downside Ethereum price failed to remain stable above $2,040 and started a fresh decline, like Bitcoin .
ETH price dipped below the $2,020 and $2,010 levels.
The price even traded below $1,985.
A low was formed at $1,965, and the price recently attempted a minor recovery wave.
There was a move above the 23.6% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low.
However, the bears remained active near $2,040.
The price dipped again below $2,020.
There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD.
Ethereum price is now trading below $2,010 and the 100-hourly Simple Moving Average.
If the bulls remain in action above $1,980, the price could attempt another increase.
Immediate resistance is seen near the $2,020 level.
The first key resistance is near the $2,030 level.
The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low.
A clear move above the $2,050 resistance might send the price toward the $2,085 resistance.
An upside break above the $2,085 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term.
More Downside In ETH? If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline.
Initial support on the downside is near the $1,980 level.
The first major support sits near the $1,965 zone.
A clear move below the $1,965 support might push the price toward the $1,920 support.
Any more losses might send the price toward the $1,850 region.
The main support could be $1,780.
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 – $1,980 Major Resistance Level – $2,050
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEGATIVE
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY