Ethereum Drops From $2,329 As Bearish MACD Gives Sellers The Upper Hand

Ethereum(ETH) slid below $2,200 after failing to hold support at $2,250, with technical indicators pointing to further downside risk unless bulls reclaim key resistance levels.

ETH Trend Line Break

The token dropped from a swing high near $2,329 and broke below a bullish trend line at $2,210 on the hourly chart. It traded as low as $2,176 before stabilizing.

ETH now sits below the 100-hourly simple moving average. The 23.6% Fibonacci retracement of the move from $2,329 to $2,175 remains overhead as immediate resistance.

On the upside, bulls need to clear $2,235 first, then $2,250 — the 50% Fib level — to target $2,290 and potentially $2,320. On the downside, a break below $2,140 opens the path toward $2,110, $2,060, and ultimately $2,020.

The hourly MACD is gaining momentum in bearish territory. RSI sits below the 50 mark, confirming sellers hold the advantage for now.

Also Read:XRP Trading Volume Hits 2025 Low On Binance As Buyers Vanish

ETH April Price Swings

Ethereum has traded in a wide band throughout April.

The token opened the month near $2,133 on Apr. 1, fell to roughly $2,046 by Apr. 3, then recovered above $2,250 by Apr. 8. That rally proved short-lived — ETH dropped back to $2,182 the following day before bouncing again to $2,217 on Apr. 10.

Over the past 12 months, the token's 52-week range stretches from $1,388 to nearly $4,956, a spread that reflects the persistent volatility that has defined Ethereum since a sharp selloff in early 2026.

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