{"id":27132,"date":"2026-04-30T10:42:24","date_gmt":"2026-04-30T10:42:24","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-ethereum-fall-below-2000-as-it-loses-trendline-support\/"},"modified":"2026-04-30T10:42:35","modified_gmt":"2026-04-30T10:42:35","slug":"will-ethereum-fall-below-2000-as-it-loses-trendline-support","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-ethereum-fall-below-2000-as-it-loses-trendline-support\/","title":{"rendered":"Will Ethereum fall below $2,000 as it loses trendline support?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price fell 5% to nearly $2,200 on Thursday, as the asset remains in a downtrend for the fourth straight day. Now, a confirmed breakdown below a key ascending trendline positions it for more downside in the coming sessions.<\/p>\n<div id=\"cn-block-summary-block_bc4cc4d3277d87a7e0e47106bd798170\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price drops 5% to near $2,200, extending losses for a fourth straight day after rejection at $2,400.<\/li>\n<li>Ethereum has broken below a key ascending trendline support, signaling a shift in momentum toward bears and increased downside risk.<\/li>\n<li>Bearish indicators have strengthened, with Aroon Down at 92.86% and a MACD crossover, pointing to potential decline toward $2,000.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Ethereum (ETH) price has been tanking for the past four days, which began when bulls faced resistance at $2,400 on April 27. Trading at $2,256 at press time, the token is still down 2.6% in the weekly period.<\/p>\n<p>Ethereum price fell due to investors turning cautious over delayed peace talks between the U.S. and Iran and a persistent hawkish stance taken by the Federal Reserve towards rate cuts so far this year.<\/p>\n<p>The token now stands at risk of more downside ahead after it confirmed a bearish breakdown from an ascending trendline that had been acting as a dynamic support for it since late March.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum price has broken down from an ascending trendline support on the daily chart \u2014 April 30 | Source: crypto.news<\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Each time Ethereum tested the support, it rebounded back above, making it a key foundation for the recent rally. As such, a decisive breakdown below the trendline has opened Ethereum to intensified selling pressure, with the overall momentum shifting to bears.<\/p>\n<p>Technical indicators point out that bears have been gaining dominance over the market, likely attempting to pressure prices even lower. Notably, the Aroon Down indicator has surged to 92.86% while the Aroon Up has plummeted to 7.14%.<\/p>\n<p>At the same time, the MACD lines have formed a bearish crossover, which further solidifies the current downward trajectory.<\/p>\n<p>The last time Ethereum formed such a bearish signal in mid January, it came crashing down over 45% in less than a month.<\/p>\n<p>Hence, the path of least resistance for Ethereum points toward the $2,000 mark, a breakdown from which could open the door for a much sharper decline.<\/p>\n<p>On the contrary, if the price manages to break out from the $2,400 resistance zone that has been limiting its recovery, the market could see a sudden reversal of this negative trend.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price fell 5% to nearly $2,200 on Thursday, as the asset remains in a downtrend for the fourth straight day. Now, a confirmed breakdown below a key ascending trendline&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27132"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27132\/revisions"}],"predecessor-version":[{"id":27133,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27132\/revisions\/27133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15300"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}