{"id":2909,"date":"2025-02-12T06:00:27","date_gmt":"2025-02-12T06:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-consolidates-at-support-will-it-fuel-the-next-move\/"},"modified":"2025-02-12T06:00:27","modified_gmt":"2025-02-12T06:00:27","slug":"ethereum-price-consolidates-at-support-will-it-fuel-the-next-move","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-consolidates-at-support-will-it-fuel-the-next-move\/","title":{"rendered":"Ethereum Price Consolidates at Support\u2014Will It Fuel the Next Move?"},"content":{"rendered":"<p><em>Ethereum price is consolidating above the $2,500 zone. ETH might gain bullish momentum if it clears the $2,700 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh decline below the $2,650 level.<\/li>\n<li>The price is trading below $2,680 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $2,690 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a decent upward move if it settles above $2,700 and $2,735.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Upside Break<\/h2>\n<p>Ethereum price started a fresh decline below the $2,800 support zone, like Bitcoin. ETH declined below the $2,750 and $2,700 support levels to move into a short-term bearish zone.<\/p>\n<p>The price dipped and tested the 50% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Finally, it found support near the $2,500 zone. The price is now consolidating and seems to be forming a base above the $2,500 level.<\/p>\n<p>Ethereum price is now trading below $2,680 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,690 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $2,680 level. The first major resistance is near the $2,735 level. The main resistance is now forming near $2,800 or $2,820. A clear move above the $2,820 resistance might send the price toward the $2,920 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-694582\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Ethereum_8bdd0e.png?resize=1024%2C478\" alt=\"Ethereum Price \" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>An upside break above the $2,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term.<\/p>\n<h2>Another Drop In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,700 resistance, it could start another decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone.<\/p>\n<p>A clear move below the $2,520 support might push the price toward the $2,440 support or the 61.8% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Any more losses might send the price toward the $2,365 support level in the near term. The next key support sits at $2,250.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,525<\/p>\n<p>Major Resistance Level \u2013 $2,700<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is consolidating above the $2,500 zone. ETH might gain bullish momentum if it clears the $2,700 resistance zone. Ethereum started a fresh decline below the $2,650 level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,690 on the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-2909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2909"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2910"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}