Ethereum Price On Verge Of Breakout, Can Bulls Seize Control?
By Aayush Jindal | 2026-05-06 03:28:48 | 4 months ago
Ethereum price started a fresh increase and remained stable above $2,360.
ETH is now consolidating and might aim for more gains if it clears $2,400.
Ethereum started a steady increase above the $2,360 zone.
The price is trading above $2,355 and the 100-hourly Simple Moving Average.
There is a bullish trend line forming with support at $2,360 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up if it stays above the $2,310 zone.
Ethereum Price Aims for Fresh Surge Ethereum price managed to stay above the $2,300 support and started a fresh increase, like Bitcoin .
ETH price gained pace for a move above $2,350 and $2,360.
The price even climbed toward $2,385.
A high was formed at $2,398, and the price is now consolidating gains .
There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2,220 swing low to the $2,399 high.
Ethereum price is now trading above $2,350 and the 100-hourly Simple Moving Average.
There is also a bullish trend line forming with support at $2,360 on the hourly chart of ETH/USD, If the bulls remain in action above $2,310, the price could attempt another increase.
Immediate resistance is seen near the $2,380 level.
The first key resistance is near the $2,400 level.
The next major resistance is near the $2,440 level.
A clear move above the $2,440 resistance might send the price toward the $2,500 resistance.
An upside break above the $2,500 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 Pullback In ETH? If Ethereum fails to clear the $2,400 resistance, it could start a downside correction.
Initial support on the downside is near the $2,360 level and the trend line.
The first major support sits near the $2,340 zone.
A clear move below the $2,340 support might push the price toward the $2,310 support or the 50% Fib retracement level of the upward move from the $2,220 swing low to the $2,399 high.
Any more losses might send the price toward the $2,265 region.
The main support could be $2,220.
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 – $2,360 Major Resistance Level – $2,400
ETH is now consolidating and might aim for more gains if it clears $2,400.
Ethereum started a steady increase above the $2,360 zone.
The price is trading above $2,355 and the 100-hourly Simple Moving Average.
There is a bullish trend line forming with support at $2,360 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up if it stays above the $2,310 zone.
Ethereum Price Aims for Fresh Surge Ethereum price managed to stay above the $2,300 support and started a fresh increase, like Bitcoin .
ETH price gained pace for a move above $2,350 and $2,360.
The price even climbed toward $2,385.
A high was formed at $2,398, and the price is now consolidating gains .
There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2,220 swing low to the $2,399 high.
Ethereum price is now trading above $2,350 and the 100-hourly Simple Moving Average.
There is also a bullish trend line forming with support at $2,360 on the hourly chart of ETH/USD, If the bulls remain in action above $2,310, the price could attempt another increase.
Immediate resistance is seen near the $2,380 level.
The first key resistance is near the $2,400 level.
The next major resistance is near the $2,440 level.
A clear move above the $2,440 resistance might send the price toward the $2,500 resistance.
An upside break above the $2,500 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 Pullback In ETH? If Ethereum fails to clear the $2,400 resistance, it could start a downside correction.
Initial support on the downside is near the $2,360 level and the trend line.
The first major support sits near the $2,340 zone.
A clear move below the $2,340 support might push the price toward the $2,310 support or the 50% Fib retracement level of the upward move from the $2,220 swing low to the $2,399 high.
Any more losses might send the price toward the $2,265 region.
The main support could be $2,220.
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 – $2,360 Major Resistance Level – $2,400
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : POSITIVE
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY