Ethereum Price Downtrend Gains Pace—Is A Steeper Drop Ahead?
By Aayush Jindal | 2026-04-30 03:08:50 | 4 months ago
Ethereum price started a fresh decline and traded below $2,265.
ETH is now consolidating above $2,220 and might struggle to recover.
Ethereum started a downside correction below the $2,280 zone.
The price is trading below $2,300 and the 100-hourly Simple Moving Average.
There was a break below a rising channel with support at $2,295 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $2,220 zone.
Ethereum Price Dips Further Ethereum price failed to remain stable above $2,320 and started a downside correction, like Bitcoin .
ETH price dipped below the $2,300 and $2,280 levels.
There was a break below a rising channel with support at $2,295 on the hourly chart of ETH/USD.
The price even spiked to $2,220.
A low was formed at $2,220, and the price is now consolidating losses.
There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,345 swing high to the $2,220 low.
Ethereum price is now trading below $2,280 and the 100-hourly Simple Moving Average .
If the bulls remain in action above $2,220, the price could attempt another increase.
Immediate resistance is seen near the $2,265 level.
The first key resistance is near the $2,280 level and the 50% Fib retracement level of the downward move from the $2,345 swing high to the $2,220 low.
The next major resistance is near the $2,300 level.
A clear move above the $2,300 resistance might send the price toward the $2,345 resistance.
An upside break above the $2,345 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,400 resistance zone or even $2,420 in the near term.
Downside Continuation In ETH? If Ethereum fails to clear the $2,280 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,230 level.
The first major support sits near the $2,220 zone.
A clear move below the $2,220 support might push the price toward the $2,165 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 – $2,220 Major Resistance Level – $2,280
ETH is now consolidating above $2,220 and might struggle to recover.
Ethereum started a downside correction below the $2,280 zone.
The price is trading below $2,300 and the 100-hourly Simple Moving Average.
There was a break below a rising channel with support at $2,295 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $2,220 zone.
Ethereum Price Dips Further Ethereum price failed to remain stable above $2,320 and started a downside correction, like Bitcoin .
ETH price dipped below the $2,300 and $2,280 levels.
There was a break below a rising channel with support at $2,295 on the hourly chart of ETH/USD.
The price even spiked to $2,220.
A low was formed at $2,220, and the price is now consolidating losses.
There was a minor upward move above the 23.6% Fib retracement level of the downward move from the $2,345 swing high to the $2,220 low.
Ethereum price is now trading below $2,280 and the 100-hourly Simple Moving Average .
If the bulls remain in action above $2,220, the price could attempt another increase.
Immediate resistance is seen near the $2,265 level.
The first key resistance is near the $2,280 level and the 50% Fib retracement level of the downward move from the $2,345 swing high to the $2,220 low.
The next major resistance is near the $2,300 level.
A clear move above the $2,300 resistance might send the price toward the $2,345 resistance.
An upside break above the $2,345 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,400 resistance zone or even $2,420 in the near term.
Downside Continuation In ETH? If Ethereum fails to clear the $2,280 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,230 level.
The first major support sits near the $2,220 zone.
A clear move below the $2,220 support might push the price toward the $2,165 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 – $2,220 Major Resistance Level – $2,280
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEGATIVE
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY