Yes

>>Ethereum price again hits resistance around $2,400 as sellers maintain the key barrier.

Ethereum price again hits resistance around $2,400 as sellers maintain the key barrier.

crypthub

5/12/2026, 3:20:21 AM

Current Price Action

Ethereum fell from $2,380 and now trades below $2,350 and the 100‑hour SMA. It broke a bullish trend line at $2,340 on the hourly chart. A further decline is likely if the pair slips under $2,300.

Resistance Outlook

Immediate resistance sits at $2,340, followed by $2,365 and $2,380. A clean break above $2,380 could target $2,400 and later $2,440‑$2,450. Holding above $2,380 would signal a bullish reversal.

Support Levels

If ETH stays under $2,350, the next support is $2,300 and the 76.4% Fib level. Stronger support lies near $2,265; a break may expose $2,220, $2,200 and $2,150 zones. These levels could define the next downside range.

Technical Indicators

The hourly MACD shows bearish momentum while RSI is below 50, reinforcing downside pressure. Both indicators suggest the bears are in control. A shift to neutral or bullish readings would be needed for a recovery.