Ethereum price started a fresh decline below $2,950. ETH is down over 5%, trading below $2,880, and might continue to move down.

• Ethereum started a fresh decline below $2,950 and $2,900.
• The price is trading below $2,880 and the 100-hourly Simple Moving Average.
• There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move down if it settles below the $2,800 zone.

Ethereum Price Dips Over 5%

Ethereum price failed to stay above $3,000 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone.

There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD. The bears even pushed the price below $2,850. A low was formed at $2,815 and the price is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low.

Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,880 level.

The next key resistance is near the $2,940 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. The first major resistance is near the $2,960 level. A clear move above the $2,960 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $2,960 resistance, it could start a fresh decline. Initial support on the downside is near the $2,820 level. The first major support sits near the $2,800 zone.

A clear move below the $2,800 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,720 region in the near term. The next key support sits at $2,650 and $2,620.

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 zone.

Major Support Level – $2,800

Major Resistance Level – $2,940

Ethereum price started a fresh decline below $4,050. ETH is now struggling and might decline further if it breaks the $3,850 support zone.

• Ethereum failed to extend gains and declined below the $4,000 zone.
• The price is trading below $4,050 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move down if it settles below $3,880 and $3,850.

Ethereum Price Dips Further

Ethereum price remained in a bearish zone after it settled below $4,250, like Bitcoin. ETH price declined below the $4,120 and $4,050 support levels.

The bears even pushed the price below $4,000. A low was formed at $3,826 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low.

However, the bears remained active near the $3,950 resistance zone. Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $4,000 level. The next key resistance is near the $4,050 level or the 50% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The first major resistance is near the $4,120 level. A clear move above the $4,120 resistance might send the price toward the $4,150 resistance and the trend line.

An upside break above the $4,250 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,320 resistance zone or even $4,350 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $4,050 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone.

A clear move below the $3,820 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,720 region in the near term. The next key support sits at $3,650.

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 zone.

Major Support Level – $3,820

Major Resistance Level – $4,050

Ethereum price started a fresh decline below $4,550. ETH is now consolidating and might decline further if it breaks the $4,250 support zone.

• Ethereum failed to extend gains and declined below the $4,550 zone.
• The price is trading below $4,450 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it settles above $4,400 and $4,450.

Ethereum Price Dips Sharply

Ethereum price failed to continue higher above the $4,650 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,600 and $4,550 support levels.

The bears even pushed the price below $4,420. A low was formed at $4,264 and the price is now consolidating losses and is well below the 23.6% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low.

Ethereum price is now trading below $4,400 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,350 level. The next key resistance is near the $4,400 level.

The first major resistance is near the $4,450 level. Besides, there is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD. A clear move above the $4,450 resistance might send the price toward the $4,500 resistance or the 61.8% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low.

An upside break above the $4,500 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,620 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $4,350 resistance, it could start a fresh decline. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,220 zone.

A clear move below the $4,220 support might push the price toward the $4,150 support. Any more losses might send the price toward the $4,120 region in the near term. The next key support sits at $4,050.

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 zone.

Major Support Level – $4,250

Major Resistance Level – $4,350

Bitcoin price started a fresh decline below the $103,000 zone. BTC is now consolidating and might struggle to recover above the $103,500 resistance.

• Bitcoin started a fresh decline below the $103,000 zone.
• The price is trading below $102,500 and the 100 hourly Simple moving average.
• There is a key bearish trend line forming with resistance at $101,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh increase if it stays above the $100,000 zone.

Bitcoin Price Dips Further

Bitcoin price started a fresh decline below the $105,500 zone. BTC gained pace and dipped below the $104,200 and $103,000 levels.

There was a clear move below the $102,000 support level. Finally, the price tested the $98,250 zone. A low was formed at $98,277 and the price started a consolidation phase. There was a minor recovery above the 23.6% Fib retracement level of the downward move from the $106,470 swing high to the $98,277 low.

However, the bears were active below the $101,200 zone. Bitcoin is now trading below $102,000 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance at $101,250 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $101,250 level. The first key resistance is near the $102,500 level or the 50% Fib retracement level of the downward move from the $106,470 swing high to the $98,277 low. The next key resistance could be $103,500.

A close above the $103,500 resistance might send the price further higher. In the stated case, the price could rise and test the $105,000 resistance level. Any more gains might send the price toward the $106,200 level.

Another Drop In BTC?

If Bitcoin fails to rise above the $102,000 resistance zone, it could start another decline. Immediate support is near the $100,150 level. The first major support is near the $98,500 level.

The next support is now near the $96,500 zone. Any more losses might send the price toward the $95,500 support in the near term. The main support sits at $95,000, below which BTC might struggle to find bids.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $100,150, followed by $100,000.

Major Resistance Levels – $101,250 and $103,500.

Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets.

The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions.

The world’s largest cryptocurrency touched a low of $101,500 before stabilizing slightly above $102,000. Bitcoin is now down more than 8% from last month’s peak of nearly $112,000 and further losses could follow if confidence continues to erode.

Other top digital assets also declined. Ethereum (ETH) fell to a low of $2,506, down approximately 4% on the day, while Solana (SOL) dropped to $144, a decline of about 8%. BNB also declined over 4% to a low of $640 before attempting to stabilize.

Dogecoin (DOGE) fell over 8% to $0.169, while XRP saw a roughly 4% decline to a low of $2.11.

As of press time, Bitcoin was trading at $101,900, down 2.87% for the day as bulls attempted to stabilize price in the six-figure zone.

Fading momentum

The decline follows a sharp reduction in inflows to spot Bitcoin ETFs, with fund data showing a 77% weekly drop. The slowdown in institutional buying has removed a key source of support that underpinned Bitcoin’s recent rally to record highs.

At the same time, larger holders have been cashing out after months of gains, adding further downward pressure. On-chain data indicates heightened profit-taking and a broad market cool-off following a period of rapid price appreciation across the crypto sector.

The tone among asset managers has also shifted, with many citing uncertainty around the Federal Reserve’s next move as a reason to reduce exposure to volatile assets like crypto.

The selling was not limited to crypto markets, with financial markets across the board seeing sharp declines for the trading day.

Macro uncertainty

Traders remain on edge ahead of upcoming US jobs data and new comments expected from the Federal Reserve. With inflation lingering and rates still high, risk appetite has weakened across asset classes. Crypto has not been spared, and many investors are moving to cash while volatility spikes.

A weaker-than-expected number may support arguments for rate cuts, but could also reinforce fears of a slowing economy. Earlier this week, the ADP private payrolls report showed job creation falling well short of expectations, its weakest print in over two years.

Meanwhile, geopolitical and macro uncertainty continues to persist amid tariff concerns and upcoming interest rate decisions by major central banks.

Adding to the uncertainty, leveraged long positions have fallen to their lowest levels since December. The rapid unwind of these positions suggests that even the most aggressive bulls are stepping back, at least for now.

If Bitcoin fails to hold the $100,000 line, traders expect a swift descent toward $97,000 or lower, marking a major retracement from the 2025 highs.

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