{"id":3005,"date":"2025-02-17T06:00:20","date_gmt":"2025-02-17T06:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-faces-renewed-pressure-is-a-breakdown-imminent\/"},"modified":"2025-02-17T06:00:20","modified_gmt":"2025-02-17T06:00:20","slug":"ethereum-price-faces-renewed-pressure-is-a-breakdown-imminent","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-faces-renewed-pressure-is-a-breakdown-imminent\/","title":{"rendered":"Ethereum Price Faces Renewed Pressure\u2014Is a Breakdown Imminent?"},"content":{"rendered":"<p><em>Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh decline below the $2,720 level.<\/li>\n<li>The price is trading below $2,700 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key bullish trend line with support at $2,680 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 $2,720.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Again<\/h2>\n<p>Ethereum price attempted a fresh increase above the $2,650 level, like Bitcoin. ETH broke the $2,720 resistance but it failed to clear the $2,800 resistance zone.<\/p>\n<p>A high was formed at $2,791 and the price started a fresh decline. There was a move below the $2,750 and $2,720 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $2,614 swing low to the $2,791 high.<\/p>\n<p>There was also a break below a key bullish trend line with support at $2,680 on the hourly chart of ETH\/USD. Ethereum price is now trading below $2,700 and the 100-hourly Simple Moving Average.<\/p>\n<p>However, it is now finding bids near the 76.4% Fib retracement level of the upward move from the $2,614 swing low to the $2,791 high. On the upside, the price seems to be facing hurdles near the $2,680 level. The first major resistance is near the $2,720 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-697559\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Ethereum_b1283d.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The main resistance is now forming near $2,780 or $2,800. A clear move above the $2,800 resistance might send the price toward the $2,880 resistance. An upside break above the $2,880 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>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,720 resistance, it could start another decline. Initial support on the downside is near the $2,655 level. The first major support sits near the $2,615 zone.<\/p>\n<p>A clear move below the $2,615 support might push the price toward the $2,550 support. Any more losses might send the price toward the $2,500 support level in the near term. The next key support sits at $2,440.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining 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 $2,650<\/p>\n<p>Major Resistance Level \u2013 $2,720<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone. Ethereum started a fresh decline below the $2,720 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-3005","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\/3005","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=3005"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3006"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}