{"id":4672,"date":"2025-05-15T05:00:29","date_gmt":"2025-05-15T05:00:29","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-dips-may-offer-buying-opportunity-bulls-eye-reentry\/"},"modified":"2025-05-15T05:00:29","modified_gmt":"2025-05-15T05:00:29","slug":"ethereum-price-dips-may-offer-buying-opportunity-bulls-eye-reentry","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-dips-may-offer-buying-opportunity-bulls-eye-reentry\/","title":{"rendered":"Ethereum Price Dips May Offer Buying Opportunity \u2014 Bulls Eye Reentry"},"content":{"rendered":"<p><em>Ethereum price extended its increase above the $2,720 zone. ETH is now correcting gains and might revisit the $2,500 support zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase and cleared the $2,720 resistance.<\/li>\n<li>The price is trading above $2,520 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term declining channel or a possible bullish flag forming with resistance at $2,630 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could find bids near $2,500 and start a fresh increase in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Again<\/h2>\n<p>Ethereum price remained supported and started a fresh increase above $2,620, beating Bitcoin. ETH gained pace for a move above the $2,650 resistance zone.<\/p>\n<p>The bulls were able to push the price above the $2,700 resistance zone. A high was formed at $2,736 and the price is now correcting gains. The price dipped below $2,650 and even spiked below the 50% Fib retracement level of the upward move from the $2,415 swing low to the $2,736 high.<\/p>\n<p>However, the bulls are still active above $2,550. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,620 level. There is also a short-term declining channel or a possible bullish flag forming with resistance at $2,630 on the hourly chart of ETH\/USD.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-751587\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Ethereum_d56852.png?resize=1024%2C479\" alt=\"Ethereum Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>The next key resistance is near the $2,680 level. The first major resistance is near the $2,720 level. A clear move above the $2,720 resistance might send the price toward the $2,820 resistance. An upside break above the $2,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone or even $2,950 in the near term.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,630 resistance, it could start a fresh downside correction. Initial support on the downside is near the $2,575 level. The first major support sits near the $2,500 zone or the 76.4% Fib retracement level of the upward move from the $2,415 swing low to the $2,736 high.<\/p>\n<p>A clear move below the $2,500 support might push the price toward the $2,420 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish 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 $2,575<\/p>\n<p>Major Resistance Level \u2013 $2,680<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended its increase above the $2,720 zone. ETH is now correcting gains and might revisit the $2,500 support zone. Ethereum started a fresh increase and cleared the $2,720 resistance. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a short-term declining channel or a possible bullish flag forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4673,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-4672","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\/4672","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=4672"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4673"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}