Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break.

• Ethereum struggled to continue higher above the $2,050 resistance level.
• The price is trading below $2,020 and the 100-hourly Simple Moving Average.
• There is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair must clear the $2,040 and $2,100 resistance levels to start a decent increase.

Ethereum Price Dips Again

Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin. ETH declined below the $2,040 and $2,020 support levels.

It tested the $1,980 zone. A low was formed at $1,982 and the price recently attempted a fresh upward move. There was a move above the $2,020 level. The price tested the 50% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low.

Ethereum price is now trading below $2,020 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $2,040 level. The next key resistance is near the $2,050 level and the 61.8% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low. The first major resistance is near the $2,095 level.

A clear move above the $2,095 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.

Downside Break In ETH?

If Ethereum fails to clear the $2,040 resistance, it could start another decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone.

A clear move below the $1,980 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,820 support level in the near term. The next key support sits at $1,750.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,980

Major Resistance Level – $2,040

Pi Network is now integrated with Telegram’s crypto wallet, potentially giving it access to a massive new customer base. Telegram CEO Pavel Durov claims that the messaging app has reached over 1 billion monthly users in 2025.

This means that Telegram users will now be able to buy PI through the app’s integrated crypto wallet. While it certainly boosts the token’s visibility, Pi Network still lacks listing from tier-1 exchanges like Binance and Coinbase, which could improve its credibility in the market.

Pi Network is On the Telegram Wallet

PI made an explosive entry into the crypto market, surging nearly 100% in its first week and hitting a peak of $2.92 on February 27. However, the altcoin has seen continuous liquidations since then. Scrutiny from the big exchanges is delaying major listings, and demand is drying up in a big way.

Yet, today’s Telegram integration provides some optimism for the PI community.

Integration into Telegram’s crypto wallet is a particularly useful development for Pi Network for a few reasons. Telegram’s CEO, Pavel Durov, was released this month after being arrested in August 2024. Now that he’s resumed his activities, he posted notable statistics about the platform’s user base:

“Telegram now has significantly over 1 billion monthly active users, becoming the second most popular messaging app in the world (excluding the China-specific WeChat.) User engagement is also rising, [and] our revenue growth has exploded. We are just getting started,” Durov claimed via Telegram.

In other words, Pi Network is now able to reach one billion Telegram users at a time when the average user spends 41 minutes on the platform daily. This could potentially be a huge pool of new customers, and Pi fans are calling it a “historic step toward mass adoption of decentralized finance.”

However, it’s important to note that Telegram’s crypto functionality, while growing in usage, remains largely underutilized. Despite today’s announcement, the PI price has remained over 25% down in the past week. This reflects declining consumer interest in the project.

Major crypto exchanges like Binance and Coinbase may be dragging their feet with Pi Network, but Telegram has its own substantial user base. If the project can convince a decent chunk of these users to invest, it would be huge.

If it cannot, however, then Pi Network’s losing streak may continue for the foreseeable future.

Bitcoin price remained supported above the $86,000 zone. BTC is now consolidating and might aim for a move above the $88,000 resistance zone.

• Bitcoin started a fresh recovery wave above the $86,800 zone.
• The price is trading below $87,200 and the 100 hourly Simple moving average.
• There is a key bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it clears the $88,000 and $88,200 levels.

Bitcoin Price Faces Key Resistance

Bitcoin price remained stable above the $85,500 level. BTC formed a base and recently started a recovery wave above the $86,500 resistance level.

The bulls pushed the price above the $87,200 resistance level. There was even a move above the 61.8% Fib retracement level of the downward move from the $88,260 swing high to the $85,852 swing low. However, the bears seem to be active below the $88,000 level.

Bitcoin price is now trading below $87,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $87,700 level and the 76.4% Fib retracement level of the downward move from the $88,260 swing high to the $85,852 swing low.

The first key resistance is near the $88,000 level. There is also a key bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC/USD pair. The next key resistance could be $88,250.

A close above the $88,250 resistance might send the price further higher. In the stated case, the price could rise and test the $88,800 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $88,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $86,800 level. The first major support is near the $86,400 level.

The next support is now near the $85,850 zone. Any more losses might send the price toward the $85,000 support in the near term. The main support sits at $84,500.

Technical indicators:

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

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

Major Support Levels – $86,400, followed by $85,850.

Major Resistance Levels – $88,000 and $88,250.