Ethereum Price Fails to Break IDR 41.3 Million: This is the Deterrent Factor

Jakarta, Pintu News – Ethereum (ETH) price is under pressure again after failing to break through an important resistance level. The crypto asset is showing signs of correction amid mixed trends in the crypto market, where investors are still reassessing technical conditions and macroeconomic sentiment.

Price Corrections and Important Technical Levels

Ethereum started a price correction after reaching the $2,580 zone or around IDR 42,344,940 (assuming an exchange rate of $1 = IDR 16,413). Afterward, ETH dropped and tested support at $2,320 or around Rp38,097,560. This drop puts the price below the 100-hour simple moving average line and also below the key technical level of $2,500 (IDR 41,032,500).

Currently, Ethereum is trading below $2,450 (€40,248,850), with a downtrend line forming on the hourly chart with resistance around $2,540 (€41,688,020). This indicates that selling pressure is still dominating and traders are being cautious in entering new long positions.

Also Read: Top 5 Blockchains with the Largest TVL: Ethereum’s Dominance and Solana’s Rise!

Potential Recovery if Resistance is Breached

If Ethereum manages to break the resistance level at $2,550 (IDR 41,852,150), a potential short-term strengthening could occur. The next key level is $2,580 (IDR42,344,940), which if passed, ETH has the opportunity to rise towards $2,700 (IDR44,315,100) or even $2,780 (IDR45,640,140).

However, to achieve this, Ethereum must show consistent buying volume and stronger technical momentum. Currently, the RSI indicator is below the 50 zone, indicating weak buying strength, and the MACD is also showing a bearish trend.

Risk of Further Decline

If Ethereum fails to break the $2,500 (IDR 41,032,500) resistance, the downside scenario could return. Initial support is around $2,400 (IDR39,391,200), with significant support at $2,350 (IDR38,569,550). If the selling pressure continues, ETH could drop to $2,220 (IDR36,109,860) or even towards $2,120 (IDR34,468,560).

This movement reflects the uncertainty of the crypto market in general, where Ethereum as the main digital asset is experiencing significant technical challenges despite the more optimistic market sentiment towards Bitcoin (BTC) in recent weeks.

Conclusion

Ethereum is showing a technical movement pattern that signals a consolidation phase and potential bearish pressure in the short term. While recovery opportunities remain open, the strength of buyers needs to be tested by breaking through key resistance levels. Traders and investors are advised to monitor price movements closely and pay attention to key technical indicators before making decisions.

Also Read: Will Dogecoin (DOGE) Break $0.25? Check out the Analysis!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• NewsBTC. Ethereum Price Fails to Break Through – What’s Holding It Back? Accessed May 20, 2025.
• Featured Image: Decrypt