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Seeking Alpha 2025-06-18 07:30:00

Ethereum Price Falls Below $2,550 As Downside Pressure Builds Beneath Key Resistance Zone

Summary Ethereum price slips below $2,550 after rejecting from the $2,620–$2,650 resistance zone. Momentum indicators like BBP and CMF turn negative, signaling weakening accumulation pressure. Bears eye deeper retracement toward $2,480 and $2,400 if the $2,537–$2,540 support fails. By Jainam Mehta Ethereum ( ETH-USD ) has come under renewed pressure, dropping below the $2,550 mark after multiple failed attempts to reclaim the $2,620–$2,650 resistance zone. The pullback follows a sharp bearish engulfing candle from the $2,600 level, which now coincides with a key rejection area along a descending trendline. Price action on the 4-hour chart shows ETH slipping below the 20/50/100 EMA cluster, with short-term structure shifting toward bearish mean reversion. ETH price dynamics (Source: TradingView) Indicators confirm the weakening momentum. On the 30-minute chart, ETH is trading beneath the Ichimoku cloud, while Bollinger and Keltner Channels are narrowing — signaling reduced volatility with a bearish tilt. A key Break of Structure (BoS) has also occurred around the $2,525–$2,530 region on the Smart Money Concepts layout, indicating that sellers are targeting lower zones. If current levels fail to hold, the $2,480 demand block remains the next critical level to watch. Momentum signals suggest further losses if $2,537 fails The bearish shift is reinforced by momentum indicators. Bull and Bear Power ((BBP)) has dropped to -38.7, and the Chaikin Money Flow ((CMF)) has turned negative at -0.15, suggesting capital outflows. Directional Movement Index (DMI) confirms this with the -DI line overtaking +DI across both 30-minute and 4-hour charts, while ADX near 31 highlights growing trend strength in favor of sellers. Higher timeframe charts offer broader context. ETH continues to consolidate within a descending wedge and remains capped by the $2,780–$2,820 resistance zone. Price is now situated near the midline of the weekly Fibonacci retracement, with $2,286 representing the 0.382 level and the next major support if breakdowns continue. The long-term structure remains bearish until bulls reclaim control above $2,780. Outlook and previously discussed context Looking ahead, if ETH fails to defend the $2,537–$2,540 region, further declines toward $2,480 and $2,400 are likely. Only a decisive daily close above $2,600 — and later $2,655 — would restore bullish momentum. Until then, short-term risk remains skewed to the downside as market conditions cool. Previously, we noted in earlier ETH coverage that the $2,500–$2,520 range was a key demand reaccumulation zone . That area now risks being converted into supply, signaling a shift in sentiment that traders should monitor closely. This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post

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