Ethereum’s price has begun to rise, moving above $2,280. It’s currently stabilizing, but may face difficulty breaking past the $2,320 resistance level.
- 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
Similar to Bitcoin, Ethereum’s price held steady above $2,220 and began to bounce back. It successfully broke through the $2,265 resistance level, starting a new upward trend.
The price went above the 50% Fibonacci retracement level, measured from the recent high of $2,382 down to the low of $2,233. Buyers briefly drove the price up to around $2,320, but sellers stepped in and brought it back down below $2,300.
Ethereum’s price has fallen below $2,300 and is now trading under its 100-hour moving average. However, a positive trend line is developing, offering support around $2,260, according to the hourly ETH/USD chart.
If the price stays above $2,260, it might try to climb higher. Initial resistance – a point where the price could stall – is around $2,300. A more significant resistance level is near $2,320, which also corresponds to a key technical indicator suggesting potential stalling based on recent price movements between $2,382 and $2,233.
The price is currently facing resistance around $2,380. If it breaks above this level, it could climb towards $2,420. A further increase past $2,420 suggests the price could continue rising in the short term, potentially reaching $2,500 or even $2,550.
More Losses In ETH?
If Ethereum doesn’t break past the $2,320 mark, its price might start to fall. It could initially find some support around $2,260, with stronger support likely near $2,250.
If the price falls below $2,250, it could drop to $2,220, and potentially even lower to around $2,150. The key support level to watch is $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
Read More
- Total Football free codes and how to redeem them (March 2026)
- Pixel Brave: Idle RPG redeem codes and how to use them (May 2026)
- Last Furry: Survival redeem codes and how to use them (April 2026)
- Clash of Clans May 2026: List of Weekly Events, Challenges, and Rewards
- Top 5 Best New Mobile Games to play in May 2026
- Light and Night brings its beloved otome romance experience to SEA region with a closed beta test starting May 20, 2026
- Gear Defenders redeem codes and how to use them (April 2026)
- Skip Bayless and Stephen A. Smith to reunite on ESPN’s ‘First Take’ for one day only
- Painful truth about Alexa Demie after she vanished… then emerged with drastic new look: Insiders spill on Sydney Sweeney feud and Euphoria star’s plan for revenge
- Winnita Casino Guida per vincere in grande nel gioco d’azzardo online
2026-05-15 06:15