Ethereum price started a fresh increase and remained stable above $2,320. ETH 
is now consolidating and might aim for more gains if it clears $2,380. 
Ethereum started a steady increase above the $2,300 zone. The price is trading 
above $2,320 and the 100-hourly Simple Moving Average. There is a contracting 
triangle forming with resistance at $2,380 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could continue to move up if it stays above 
the $2,400 zone. Ethereum Price Aims Fresh Increase Ethereum price managed to 
stay above the $2,220 support and started a fresh increase, like Bitcoin. ETH 
price gained pace for a move above $2,250 and $2,300. The last swing high was 
formed at $2,417 before there was a downside correction. The price dipped 
below the $2,350 level. There was a move below the 38.2% Fib retracement level 
of the upward move from the $2,180 swing low to the $2,417 high. Ethereum 
price is now trading above $2,320 and the 100-hourly Simple Moving Average. If 
the bulls remain in action above $2,300, the price could attempt another 
increase. Immediate resistance is seen near the $2,365 level. The first key 
resistance is near the $2,380 level. There is also a contracting triangle 
forming with resistance at $2,380 on the hourly chart of ETH/USD. The next 
major resistance is near the $2,400 level. A clear move above the $2,400 
resistance might send the price toward the $2,440 resistance. An upside break 
above the $2,440 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 
in the near term. Another Decline In ETH? If Ethereum fails to clear the 
$2,380 resistance, it could start a downside correction. Initial support on 
the downside is near the $2,330 level. The first major support sits near the 
$2,295 zone or the 50% Fib retracement level of the upward move from the 
$2,180 swing low to the $2,417 high. A clear move below the $2,295 support 
might push the price toward the $2,265 support. Any more losses might send the 
price toward the $2,230 region. The main support could be $2,200. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the 
bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major 
Support Level – $2,295 Major Resistance Level – $2,380

Ethereum Price Gears Up, Another Increase Could Be Imminent

Bitcoin has faced strong rejection around the $76,000 resistance zone, 
signaling that bullish momentum is beginning to fade at higher levels. With 
selling pressure increasing and key support levels now in focus, the market is 
entering a critical phase where a breakdown could start to take shape if 
buyers fail to regain control. Rejection At $74,000–$76,000 Caps Bitcoin’s 
Momentum Bitcoin faced a firm rejection after pushing into the $74,000–$76,000 
resistance zone, highlighting strong selling pressure at the top of the range. 
The inability to sustain momentum above this region suggests that bulls are 
struggling to take full control, leaving price vulnerable to short-term 
pullbacks. Related Reading: Why Every Bitcoin Macro Triangle Breakdown Has Led 
To A Retracement Phase According to analyst Kamile Uray, the $70,467 level on 
the 4-hour chart has now become a critical pivot point. As long as BTC 
continues to hold above this level, the structure remains supportive of 
further upside. If a breakout above resistance occurs with strong volume 
confirmation, Bitcoin could extend its rally toward the $79,000 level. Beyond 
that, $98,000 stands as the next major macro target to monitor. However, 
repeated rejection at resistance combined with a breakdown below $70,467 would 
weaken the structure and likely open the door for a move into the 
$68,000–$66,000 support region. On the daily timeframe, the $65,666 level 
remains a crucial foundation for the broader trend. Staying above it preserves 
the bullish outlook in the bigger picture, but a decisive close below this 
level would signal growing weakness. In that scenario, BTC could revisit 
support zones at $63,823, $62,433, and $60,000, with a daily close under 
$60,000 potentially confirming a more extended bearish phase. Bearish 
Engulfing Hints At Shift In Market Control In a recent BTC update on the 
4-hour timeframe, analyst Minga revealed that the price is currently ranging 
above the previous weekly high on lower timeframes, indicating a period of 
consolidation after the recent upward push. While holding above this level 
suggests some underlying strength, the lack of follow-through highlights 
growing hesitation among buyers. Related Reading: Bitcoin Supply Map Reveals 
Key Support And Resistance Zones – Analyst On the 4H chart, Bitcoin pushed 
into the upper boundary of its rising channel but was met with a strong 
rejection. The move was followed by a bearish engulfing candle, a pattern that 
often signals a shift in momentum at key resistance zones. The first 4H candle 
of the new day attempted to reclaim upside momentum but ultimately closed as 
an inverted hammer. Such a formation typically reflects a potential 
continuation to the downside. Bears are gradually stepping in and building a 
stronger case for a pullback. A decisive break below the $73,700 level could 
accelerate the move toward the lower boundary of the rising wedge. If that 
structure breaks to the downside, Bitcoin could extend its decline toward the 
monthly open region around $65,000 over the coming weeks. Featured image from 
Getty Images, chart from Tradingview.com

Bitcoin Rejected At $76,000: Bears Tighten Grip As Breakdown Risks Grow

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