If Ethereum fails to break the resistance level of $2,550, it may continue to decline. The initial support level on the downside is around $2,480. The first major support level is near the $2,450 area.

Falling below the $2,450 support level could push the price down to $2,380. If the price continues to decline, it may fall to the support level of $2,320 in the short term. The next key support level is at $2,250.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 area.

Major Support Level - $2,450

Major Resistance Level - $2,550

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ETH

2,509.75

BabyMarvin f9c7#11月市场预测