NewsBTC •
May 7, 2026 at 05:00 •
Analysis
Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300. Ethereum started a downside correction from the $2,420 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,365 zone. Ethereum Price Trims Gains Ethereum price managed to stay above the $2,320 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,380 and $2,385. However, the bears were active near $2,420. The last swing high was formed at $2,423 before there was a downside ...
