|

Ethereum Technical Analysis: ETH/USD extends losses toward critical support area near $400

  • The RSI on the daily chart moves below 40, points to strengthening bearish momentum.
  • A break through the critical $400 support could drag the pair to a fresh 2018 low near $360.

ETH/USD daily chart

Spot rate:                   435.45

Relative change:        -7.7%

High:                           473

Low:                            426.84

Trend:                        Bearish

Support 1:                 400 (Jun. 29 low/end point of May 5 - June 29 doıwntrend).

Support 2:                 360 (2018 low).   

Support 3:                 300 (psychological level/horizontal support from Nov. 2017).  

Resistance 1:            460 (20-DMA).

Resistance 2:            520 (50-DMA).

Resistance 3:            570 (Fibo. 38.2% retracement of May 5 - June 29 doıwntrend). 

Author

Eren Sengezer

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

More from Eren Sengezer
Share:

Editor's Picks

Stellar mixed sentiment caps recovery

Stellar price remains under pressure, trading at $0.170 on Tuesday after failing to close above the key resistance on Sunday. The derivatives metric supports the bearish sentiment, with XLM’s short bets rising among traders and funding rates turning negative.

Jupiter  rises on native SOL staking, TVL rebound

Jupiter edges higher by 3% at press time on Tuesday, approaching the $0.1700 level. The lending protocol announced native staking as collateral, allowing users to borrow against natively staked SOL on certain vaults.

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends its gains, trading above $2.80 on Tuesday after rallying over 58% in the previous day. The upcoming Saturn One network upgrade on Wednesday has fueled renewed buying interest.

Pi Network rallies ahead of its first anniversary

Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.