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{"id":566268,"date":"2024-12-21T04:40:28","date_gmt":"2024-12-21T04:40:28","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=566268"},"modified":"2025-06-11T14:43:32","modified_gmt":"2025-06-11T14:43:32","slug":"ethereum-price-struggles-bitcoin-jumps-2250","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ethereum\/ethereum-price-struggles-bitcoin-jumps-2250\/","title":{"rendered":"Ethereum Price Struggles While Bitcoin Jumps \u2013 Why ETH Could Take Major Hit"},"content":{"rendered":"

Ethereum price is still struggling to climb again above $2,250 while Bitcoin broke $43,500. ETH is showing a few concerning signs and might take a major hit.<\/em><\/p>\n

\n
Ethereum is struggling to gain pace for a move above the $2,250 resistance zone.<\/li>\n
The price is trading below $2,220 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support near $2,170 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could decline heavily if it stays below $2,250 for a long time.<\/li>\n<\/ul>\n
Ethereum Price Faces Hurdles<\/h2>\n
Ethereum price made another attempt to clear the $2,250 and $2,265 resistance levels<\/a>. However, ETH failed to settle above the $2,250 resistance. There are clearly more than two rejections noted near the $2,250 and $2,265 levels.<\/p>\n
On the other hand, Bitcoin<\/a> gained pace for a move above the $43,500 resistance. This could be a warning sign for ETH bulls. The recent low was formed near $2,155 and the price is now consolidating. It is above the 23.6% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low.<\/p>\n
There is also a key bullish trend line forming with support near $2,170 on the hourly chart of ETH\/USD. Ethereum is now trading below $2,220 and the 100-hourly Simple Moving Average.<\/p>\n
On the upside, the price is facing resistance near the $2,210 level. It is close to the 50% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low. The next key resistance is near the $2,250 level or $2,265. A clear move above the $2,2650 zone could send the price toward the $2,320 level.<\/p>\n
$\"Ethereum$ <\/a>
Ethereum Price<\/figcaption><\/figure>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next resistance sits at $2,365. Any more gains could start a wave toward the $2,450 level, above which Ethereum might rally and test the $2,500 zone.<\/p>\n
More Losses in ETH?<\/h2>\n
If Ethereum fails to clear the $2,250 resistance, it could start another decline. Initial support on the downside is near the $2,170 level and the trend line.<\/p>\n
The first key support could be the $2,120 zone. A downside break and a close below $2,120 might spark strong bearish moves. In the stated case, Ether could revisit the $2,000 support. Any more losses might send the price toward the $1,880 level in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $2,170<\/p>\n
Major Resistance Level \u2013 $2,250<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is still struggling to climb again above $2,250 while Bitcoin broke $43,500. ETH is showing a few concerning signs and might take a major hit. Ethereum is struggling to gain pace for a move above the $2,250 resistance zone. The price is trading below $2,220 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,170 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could decline heavily if it stays below $2,250 for a long time. Ethereum Price Faces Hurdles Ethereum price made another attempt to clear the $2,250 and $2,265 resistance levels. However, ETH failed to settle above the $2,250 resistance. There are clearly more than two rejections noted near the $2,250 and $2,265 levels. On the other hand, Bitcoin gained pace for a move above the $43,500 resistance. This could be a warning sign for ETH bulls. The recent low was formed near $2,155 and the price is now consolidating. It is above the 23.6% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low. There is also a key bullish trend line forming with support near $2,170 on the hourly chart of ETH\/USD. Ethereum is now trading below $2,220 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,210 level. It is close to the 50% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low. The next key resistance is near the $2,250 level or $2,265. A clear move above the $2,2650 zone could send the price toward the $2,320 level. Source: ETHUSD on TradingView.com The next resistance sits at $2,365. Any more gains could start a wave toward the $2,450 level, above which Ethereum might rally and test the $2,500 zone. More Losses in ETH? If Ethereum fails to clear the $2,250 resistance, it could start another decline. Initial support on the downside is near the $2,170 level and the trend line. The first key support could be the $2,120 zone. A downside break and a close below $2,120 might spark strong bearish moves. In the stated case, Ether could revisit the $2,000 support. Any more losses might send the price toward the $1,880 level in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $2,170 Major Resistance Level \u2013 $2,250<\/p>\n","protected":false},"author":67,"featured_media":461707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,1946,8686,78803],"class_list":["post-566268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Struggles While Bitcoin Jumps \u2013 Why ETH Could Take Major Hit<\/title>\n<meta name=\"description\" content=\"Ethereum price is still struggling to climb again above $2,250 while Bitcoin broke $43,500. 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