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Ethereum price failed to recover above $1,700 and dropped below $1,550. ETH is now correcting losses and might face resistance near the $1,620 zone.

• Ethereum failed to stay above the $1,620 and $1,550 levels.
• The price is trading below $1,620 and the 100-hourly Simple Moving Average.
• There is a connecting bearish trend line forming with resistance at $1,615 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair remains at risk of more losses if it fails to clear the $1,620 resistance zone.

Ethereum Price Recovery Faces Resistance

Ethereum price failed to stay above the $1,700 support zone and extended losses, like Bitcoin. ETH declined heavily below the $1,650 and $1,620 levels.

The bears even pushed the price below the $1,550 level. A low was formed at $1,410 and the price recently corrected some losses. There was a move above the $1,550 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,815 swing high to the $1,410 low.

However, the bears are active near the $1,620 zone. Ethereum price is now trading below $1,620 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,615 level.

There is also a connecting bearish trend line forming with resistance at $1,615 on the hourly chart of ETH/USD. It is close to the 50% Fib retracement level of the downward move from the $1,815 swing high to the $1,410 low. The next key resistance is near the $1,660 level.

The first major resistance is near the $1,720 level. A clear move above the $1,720 resistance might send the price toward the $1,820 resistance. An upside break above the $1,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,620 resistance, it could start another decline. Initial support on the downside is near the $1,540 level. The first major support sits near the $1,505 zone.

A clear move below the $1,505 support might push the price toward the $1,420 support. Any more losses might send the price toward the $1,380 support level in the near term. The next key support sits at $1,320.

Technical Indicators

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

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

Major Support Level – $1,540

Major Resistance Level – $1,620

Hedera (HBAR) price rebounded over 10% in the last 24 hours, as some technical indicators are beginning to flash early signs of a potential recovery. The BBTrend has flipped positive after a full week in the red, hinting at a possible momentum shift. However, the Ichimoku Cloud still shows a firmly bearish setup, and EMA lines continue to favor downside risk. Whether HBAR can reclaim lost ground or continue sliding toward multi-month lows will depend on how these conflicting signals resolve in the coming days.

Hedera BBTrend Is Positive After Seven Days

Hedera’s BBTrend indicator has turned positive, currently sitting at 3.96 after spending the past seven days in negative territory and hitting a low of -17.12 on April 1.

The BBTrend (Bollinger Band Trend) is a momentum-based indicator used to assess the strength and direction of a trend relative to its position within the Bollinger Bands.

Readings above 0 suggest bullish momentum and potential upside movement, while readings below 0 indicate bearish pressure and downward momentum.

The current BBTrend value of 3.96 suggests that Hedera is showing early signs of a potential bullish reversal following a prolonged downtrend. The shift into positive territory could mean that buying pressure is returning and, if sustained, may support a price recovery.

However, given the recent volatility and overall weakness in the broader market, HBAR will need consistent follow-through above its mid-range levels to confirm this upward shift.

A failure to maintain a positive BBTrend could result in the continuation of sideways or downward movement.

HBAR Ichimoku Cloud Paints A Bearish Picture

The Ichimoku Cloud chart for Hedera currently displays a bearish structure. The price is positioned well below the Kumo (cloud), indicating that downward momentum remains dominant.

The Tenkan-sen (blue line) and Kijun-sen (red line) are both sloping downward and acting as immediate resistance levels, suggesting that sellers still have control over the trend.

The cloud ahead is thick and red, reinforcing a bearish outlook and signaling that strong resistance lies above the current price action. However, a recent bullish candle pushing toward the Tenkan-sen suggests early signs of a possible relief rally.

For any meaningful trend reversal to occur, HBAR would need to break above both the Tenkan-sen and Kijun-sen, and eventually move into the cloud itself—a challenging task given the current setup.

Overall, the Ichimoku configuration confirms that while some short-term upside is possible, the broader trend remains firmly bearish for now.

Will Hedera Fall To 5-Month Lows?

Hedera’s EMA (Exponential Moving Average) lines continue to signal a bearish trend, with short-term averages positioned below the long-term ones—a classic indication of downward momentum.

As long as this alignment holds, HBAR remains vulnerable to further declines.

If selling pressure resumes, the token could fall to test support at $0.124. A breakdown below that level would mark the first move under $0.12 since November 2024.

However, if Hedera price manages to reverse its current correction, a recovery could gain traction and push the price toward resistance at $0.155.

A breakout there could pave the way for further gains to $0.168, and if bullish momentum accelerates, HBAR could even attempt a move toward the $0.18 and $0.20 zones.

A crossover of the short-term EMAs above the long-term lines would be a key signal confirming a potential trend reversal.