{"id":4222,"date":"2025-04-22T05:00:25","date_gmt":"2025-04-22T05:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-loses-steam-but-maintains-bullish-structure-above-support\/"},"modified":"2025-04-22T05:00:25","modified_gmt":"2025-04-22T05:00:25","slug":"ethereum-price-loses-steam-but-maintains-bullish-structure-above-support","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-loses-steam-but-maintains-bullish-structure-above-support\/","title":{"rendered":"Ethereum Price Loses Steam\u2014But Maintains Bullish Structure Above Support"},"content":{"rendered":"<p><em>Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh bearish reaction from the $1,650 zone.<\/li>\n<li>The price is trading below $1,600 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a short-term contracting triangle with support at $1,595 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $1,620 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Again<\/h2>\n<p>Ethereum price remained stable above the $1,520 level and started a fresh increase, like Bitcoin. ETH traded above the $1,600 and $1,620 levels before the bears appeared.<\/p>\n<p>A high was formed at $1,655 and the price started a fresh pullback. There was a move below the $1,600 level. Besides, there was a break below a short-term contracting triangle with support at $1,595 on the hourly chart of ETH\/USD. The pair tested the $1,565 zone.<\/p>\n<p>A low was formed at $1,564 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $1,655 swing high to the $1,564 low.<\/p>\n<p>Ethereum price is now trading below $1,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,600 level. The next key resistance is near the $1,610 level and the 50% Fib retracement level of the downward move from the $1,655 swing high to the $1,564 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-736026\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/Ethereum_cfc9f6.png?resize=1024%2C478\" alt=\"Ethereum Price \" width=\"1024\" height=\"478\" \/><\/p>\n<p>The first major resistance is near the $1,620 level. A clear move above the $1,620 resistance might send the price toward the $1,650 resistance. An upside break above the $1,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,720 resistance zone or even $1,800 in the near term.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,620 resistance, it could start a fresh decline. Initial support on the downside is near the $1,565 level. The first major support sits near the $1,550 zone.<\/p>\n<p>A clear move below the $1,550 support might push the price toward the $1,500 support. Any more losses might send the price toward the $1,450 support level in the near term. The next key support sits at $1,420.<\/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 $1,550<\/p>\n<p>Major Resistance Level \u2013 $1,620<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh bearish reaction from the $1,650 zone. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There was a break below a short-term contracting triangle with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4223,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-4222","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\/4222","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=4222"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4223"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}