⚠️ Ethereum Dips Below Key Support — Is $2,550 the Last Line
koinmilyoner
Updated at: a day ago
{"content":"⚠️ Ethereum Dips Below Key Support — Is $2,550 the Last Line of Defense?
From $2,780 resistance, Ethereum price fell again. ETH is below $2,650 and may fall.
Ethereum corrected below $2,700.
The price is below $2,650 and the 100-hour SMA.
On the hourly ETH/USD chart, a bullish trend line with support at $2,625 broke.
If it breaks $2,550, the pair may continue to lose.
Ethereum Drops Again
Ethereum rose from $2,550, topping Bitcoin. Before the bears emerged, ETH price recovered over $2,650 and $2,750 barrier levels.
After reaching $2,787, the price is correcting. Price fell below $2,700 support. Price fell below the 50% Fib retracement line of the $2,463 swing low to $2,787 high upward advance.
Ethereum has fallen below $2,650 and the 100-hour SMA. Additionally, ETH/USD's hourly chart broke below a crucial bullish trend line with support around $2,625
Price may find resistance at $2,625 on the upside. Around $2,650 is the next major resistance. Near $2,720 is the first substantial resistance. A clean break over $2,720 might push the price above $2,780.
Above $2,780 barrier might lead to greater advances in the following sessions. Ether might grow to $2,880 or $2,950 in the short future.
More ETH losses?
Ethereum may fall again if it fails to break $2,650. The downside has initial support at $2,600. First significant support is around $2,550. The upward rise from the $2,463 swing low to the $2,787 high is around the 76.4% Fib retracement level.
A decisive break below $2,550 might bring the price beyond $2,500. If losses continue, the price may reach $2,440 support. Next important support is $2,400.
Tech Indicators
The negative MACD for ETH/USD is growing.
Hourly RSI: ETH/USD is below 50.
Major Support: $2,550
Major Resistance: $2,650
#ETH #MarketPullback #TrumpTariffs #Bitcoin2025 $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/30/4144366890df495f87522d90f9da50c3.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}