Ethereum price threatens to fall, bears test key support!

Updated

June 19, 2025

Gambar Ethereum price threatens to fall, bears test key support!

Jakarta, Pintu News – Ethereum is on the decline again after failing to break the $2,680 level, similar to what happened to Bitcoin . Now, Ethereum (ETH) is under strong selling pressure, with the potential for further declines if it is unable to break key resistance.

Introduction: Ethereum’s Recent Performance

Ethereum (ETH) experienced a sharp decline after failing to maintain momentum above $2,680. The price dropped below the $2,620 and $2,600 levels, indicating the dominance of sellers in the market. The decline was compounded by a break below the bullish trend line that previously supported the price at $2,540 on the ETH/USD hourly chart. Currently, Ethereum (ETH) is trying to find a foothold above $2,450 after several attempts to recover its position.

Also Read: Ethereum (ETH) Prepares for a Surge: Bullish Signs Strengthen

Technical Analysis: Barriers and Support

In the latest move, Ethereum (ETH) briefly rose above the 23.6% Fibonacci retracement level of the decline from $2,679 to $2,455. However, this recovery attempt stalled below $2,550 and the 100-hour simple moving average. If Ethereum (ETH) manages to break the resistance at $2,540, there is a possibility of trying to break $2,620. However, if it fails, the price could drop back to the key support level at $2,450, which if broken, could trigger a deeper drop to $2,320 or even $2,240.

Downside Potential: Risks and Predictions

If Ethereum (ETH) is unable to break $2,540, further downside potential is highly likely. Initial support lies at $2,500, followed by key support at $2,450. A break below could take Ethereum (ETH) to the $2,320 level and, in the worst case scenario, towards $2,240. The hourly MACD indicator shows a loss of momentum in the bearish zone, while the hourly RSI is below the 50 zone, signaling greater bearish strength.

Conclusion: The Future of Ethereum

Current market dynamics suggest that Ethereum (ETH) is at a critical juncture. Success or failure in breaking the key resistance will determine the price direction in the short term. Investors and traders should closely monitor technical indicators and support/resistance levels to make informed decisions in managing their portfolios.

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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.