{"id":5430,"date":"2025-06-23T05:00:25","date_gmt":"2025-06-23T05:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-slides-10-market-sentiment-turns-cautious\/"},"modified":"2025-06-23T05:00:25","modified_gmt":"2025-06-23T05:00:25","slug":"ethereum-price-slides-10-market-sentiment-turns-cautious","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-slides-10-market-sentiment-turns-cautious\/","title":{"rendered":"Ethereum Price Slides 10% \u2014 Market Sentiment Turns Cautious"},"content":{"rendered":"<p><em>Ethereum price started a fresh decline below the $2,500 zone. ETH is now consolidating losses and might attempt to recover above the $2,250 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh decline below the $2,350 level.<\/li>\n<li>The price is trading below $2,350 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase if it settles above the $2,320 resistance zone in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Recovery<\/h2>\n<p>Ethereum price started a fresh decline below the $2,500 support level, like Bitcoin. ETH price declined below the $2,350 and $2,250 levels.<\/p>\n<p>The bears even pushed the price below the $2,200 level. The pair tested the $2,120 zone and started a consolidation phase. There was a minor move above the $2,200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low.<\/p>\n<p>Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,250 level. There is also a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH\/USD.<\/p>\n<p>The next key resistance is near the $2,340 level. It is close to the 50% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. The first major resistance is near the $2,400 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-776119\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Ethereum_4ff25f.png?resize=1024%2C479\" alt=\"Ethereum Price\" width=\"1024\" height=\"479\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $2,400 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,340 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level. The first major support sits near the $2,150 zone.<\/p>\n<p>A clear move below the $2,150 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,050 support level in the near term. The next key support sits at $2,000.<\/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 $2,150<\/p>\n<p>Major Resistance Level \u2013 $2,340<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh decline below the $2,500 zone. ETH is now consolidating losses and might attempt to recover above the $2,250 resistance. Ethereum started a fresh decline below the $2,350 level. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5431,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-5430","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\/5430","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=5430"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5431"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}