Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum Bears Emerge: Is a Deeper Downturn Coming?
EXCHANGE NEWS

Ethereum Bears Emerge: Is a Deeper Downturn Coming?

By Crypto FlexsJanuary 23, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Bears Emerge: Is a Deeper Downturn Coming?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is struggling below the $3,400 resistance level. ETH is showing some signs of weakness and could fall below the $3,150 support.

  • Ethereum has not been able to pace past $3,350 and $3,400.
  • The price is trading below $3,300 and the 100-hour simple moving average.
  • On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below the main contract triangle with support at $3,270.
  • If it holds above the $3,120 support level, the pair could initiate another hike.

Ethereum price discount support

Ethereum price began a significant rally around the $3,220 level, but the gains were limited compared to Bitcoin. ETH cleared the $3,300 resistance level before a downtrend took place.

The highest price was reached at $3,361 and the price is currently falling. It has moved below the $3,250 and $3,220 support levels. Moreover, on the hourly chart of ETH/USD, a break has occurred below the main contracting triangle supporting $3,270.

A low was made at $3,201 and the price is currently consolidating. Ethereum price is currently trading below $3,300 and the 100-hour simple moving average. On the upside, the price appears to be facing a hurdle near the $3,280 level or the 50% Fib retracement level of a downward move from the $3,363 swing high to the $3,201 low.

The first major resistance is near the $3,300 level or the 61.8% Fib retracement level for a downside move from the $3,363 swing high to the $3,201 low. Major resistance is currently forming near $3,350.

A clear break above the $3,350 resistance level could push the price towards the $3,450 resistance level. An upside break above the $3,450 resistance could lead to further gains in the coming sessions. If indicated, Ethereum could rise to the $3,550 resistance zone or $3,580 in the near term.

Will there be more losses in ETH?

If Ethereum fails to clear the $3,300 resistance, it could begin another downtrend. Initial support for the downside is near the $3,200 level. The first major support is near $3,150.

A clear move below the $3,150 support could push the price towards the $3,120 support. More losses may push the price towards the $3,050 support level in the near term. The next major support is $3,000.

technical indicators

Hourly MACD – ETH/USD MACD is gaining momentum in bearish territory.

RSI per hour – The RSI for ETH/USD is now below the 50 area.

Key Support Level – $3,200

Key Resistance Level – $3,300

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

What is zero knowledge proof (ZKP)? The upcoming blockchain protocol is redefined for verified truths

September 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025
Most Popular

Meme Coin Rollercoaster Ride – BONK’s Value Plunges Amid Market Turmoil and Rising Competitors

December 30, 2023

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025

Amuse 2.2 beta released with Stable Diffusion 3.5 and AMD AI enhancements

November 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.