Another Decline In $ETH ?

If ##ETH🔥🔥🔥🔥🔥🔥 fails to clear the $2,540 resistance, it could start a fresh decline. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,450 zone.

A clear move below the $2,450 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,240 support level in the near term. The next key support sits at $2,150.

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 below the 50 zone.

Major Support Level – $2,450

Major Resistance Level – $2,540