Ethereum Price Stabilizes After Selloff, But Bears Still Hold Advantage

📄Full Article· Automatically extracted by trafilatura2586 words

Reason to trust How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum price started a fresh decline and traded below $2,120. ETH is now consolidating above $2,050 and might struggle to recover. - Ethereum remained in a bearish zone after a sharp decline. - The price is trading below $2,165 and the 100-hourly Simple Moving Average. - There is a connecting trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). - The pair could continue to move down if it stays below the $2,200 zone. Ethereum Price Consolidates Losses Ethereum price failed to remain stable above $2,200 and started a downside correction, like Bitcoin. ETH price dipped below the $2,165 and $2,150 levels. The price even traded below $2,020. A low was formed at $1,914 on Kraken, and the price is now attempting to recover most losses. There was a recovery wave above the 61.8% Fib retracement level of the downward move from the $2,198 swing high to the $1,914 low. Ethereum price is now trading below $2,165 and the 100-hourly Simple Moving Average. Besides, there is a connecting trend line forming with support at $2,020 on the hourly chart of ETH/USD. If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,150 level or the 83.2% Fib retracement level of the downward move from the $2,198 swing high to the $1,914 low. The first key resistance is near the $2,175 level. The next major resistance is near the $2,200 level. A clear move above the $2,200 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,320 resistance zone or even $2,350 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,090 level. The first major support sits near the $2,050 zone. A clear move below the $2,050 support might push the price toward the $2,020 support. Any more losses might send the price toward the $1,940 region. The main support could be $1,920. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,020 Major Resistance Level – $2,190

Data Status✓ Full text extractedRead Original (NewsBTC)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-18

Ethereum traders say bears ‘in control’ after ETH price drop to $2K

2026-05-20

Ethereum Price Bounce Looks Fragile, Another Selloff May Be Brewing

2026-05-15

Ethereum analysts see ‘downside risks’ as bears eye 20% ETH price drop

2026-04-23

Ethereum Price Warning Fires Again After a 9% Drop Last Week

2026-05-18

Ethereum Price Tumbles Hard, Bears Tighten Grip On Market Momentum