XRP price extended losses and traded below $1.880. The price is now consolidating and might decline further if it remains below $1.920.

• XRP price started a fresh decline below the $1.90 zone.
• The price is now trading below $1.90 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance at $1.885 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could continue to move down if it stays below $1.90.

XRP Price Dips Further

XRP price failed to stay above $1.950 and started a fresh decline, like Bitcoin and Ethereum. The price declined below $1.920 and $1.90 to enter a short-term bearish zone.

The price even spiked below $1.850. A low was formed at $1.810, and the price is now consolidating losses. There was a recovery wave above $1.850. The price cleared the 23.6% Fib retracement level of the downward move from the $1.963 swing high to the $1.810 low, but the bears remained active.

The price is now trading below $1.90 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.8850 level and the 50% Fib retracement level of the downward move from the $1.963 swing high to the $1.810 low. There is also a key bearish trend line forming with resistance at $1.885 on the hourly chart of the XRP/USD pair.

The first major resistance is near the $1.90 level. A close above $1.90 could send the price to $1.950. The next hurdle sits at $2.00. A clear move above the $2.00 resistance might send the price toward the $2.050 resistance. Any more gains might send the price toward the $2.120 resistance. The next major hurdle for the bulls might be near $2.20.

Downside Break?

If XRP fails to clear the $1.90 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.840 level. The next major support is near the $1.820 level.

If there is a downside break and a close below the $1.820 level, the price might continue to decline toward $1.780. The next major support sits near the $1.750 zone, below which the price could continue lower toward $1.70.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

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

Major Support Levels – $1.840 and $1.820.

Major Resistance Levels – $1.8850 and $1.90.

Ethereum price extended losses and traded below the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $2,920.

• Ethereum remained in a bearish zone and traded below $2,950.
• The price is trading below $2,900 and the 100-hourly Simple Moving Average.
• There is a bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $2,800 zone.

Ethereum Price Dips Further

Ethereum price failed to remain stable above $2,950 and extended losses, like Bitcoin. ETH price declined below $2,880 and $2,865 to enter a bearish zone.

The bears even pushed the price below $2,840. The price finally tested $2,800 and is currently consolidating losses. There was a minor upside above the 23.6% Fib retracement level of the downward wave from the $3,067 swing high to the $2,784 swing low.

Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,800, the price could attempt another increase.

Immediate resistance is seen near the $2,920 level. There is also a bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD. The first key resistance is near the $2,960 level or the 61.8% Fib retracement level of the downward wave from the $3,067 swing high to the $2,784 swing low. The next major resistance is near the $3,000 level. A clear move above the $3,000 resistance might send the price toward the $3,065 resistance.

An upside break above the $3,065 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,150 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $2,920 resistance, it could start a fresh decline. Initial support on the downside is near the $2,840 level. The first major support sits near the $2,800 zone.

A clear move below the $2,800 support might push the price toward the $2,780 support. Any more losses might send the price toward the $2,720 region. The main support could be $2,650.

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 – $2,800

Major Resistance Level – $2,920

Ethereum price started a minor recovery wave from the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $3,050.

• Ethereum started a consolidation phase below $3,050.
• The price is trading below $3,040 and the 100-hourly Simple Moving Average.
• There was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $2,900 zone.

Ethereum Price Aims Recovery

Ethereum price failed to remain stable above $3,050 and extended losses, like Bitcoin. ETH price declined below $3,000 and $2,920 to enter a bearish zone.

The bears even pushed the price below $2,880. The price finally tested $2,865 and is currently consolidating losses. There was a minor upside above the 23.6% Fib retracement level of the downward wave from the $3,365 swing high to the $2,865 swing low.

Besides, there was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,040 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,900, the price could attempt another increase.

Immediate resistance is seen near the $3,050 level. The first key resistance is near the $3,110 level or the 50% Fib retracement level of the downward wave from the $3,365 swing high to the $2,865 swing low. The next major resistance is near the $3,175 level. A clear move above the $3,175 resistance might send the price toward the $3,220 resistance.

An upside break above the $3,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,280 resistance zone or even $3,300 in the near term.

Another Drop In ETH?

If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,910 level. The first major support sits near the $2,880 zone.

A clear move below the $2,880 support might push the price toward the $2,865 support. Any more losses might send the price toward the $2,820 region. The main support could be $2,750.

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 above the 50 zone.

Major Support Level – $2,880

Major Resistance Level – $3,050

Ethereum price started a fresh decline from the $3,000 resistance. ETH is now consolidating losses and might aim for a recovery if it clears $3,120.

• Ethereum started another decline and traded below $2,920.
• The price is trading below $3,050 and the 100-hourly Simple Moving Average.
• There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $2,900 zone.

Ethereum Price Attempts Recovery

Ethereum price failed to remain stable above $3,050 and started a fresh decline, like Bitcoin. ETH price declined below $3,020 and $3,000 to enter a bearish zone.

The bears even pushed the price below $2,920. The price finally tested $2,865 and is currently consolidating losses. There was a minor upside above the 23.6% Fib retracement level of the recent downward move from the $3,366 swing high to the $2,865 swing low. Besides, there was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD.

Ethereum price is now trading below $3,050 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,900, the price could attempt another increase.

Immediate resistance is seen near the $3,065 level. The first key resistance is near the $3,100 level. The next major resistance is near the $3,120 level and the 50% Fib retracement level of the recent downward move from the $3,366 swing high to the $2,865 swing low. A clear move above the $3,120 resistance might send the price toward the $3,175 resistance.

An upside break above the $3,175 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,300 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,065 resistance, it could start a fresh decline. Initial support on the downside is near the $2,980 level. The first major support sits near the $2,900 zone.

A clear move below the $2,900 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,780 region. The main support could be $2,720.

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 above the 50 zone.

Major Support Level – $2,900

Major Resistance Level – $3,065

Ethereum price started a fresh decline from the $3,200 resistance. ETH is now consolidating losses and is at risk of more losses below $2,880.

• Ethereum started a sharp downside correction below $3,000.
• The price is trading below $3,000 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance at $3,020 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $2,880 zone.

Ethereum Price Dips Over 5%

Ethereum price failed to remain stable above $3,200 and started a fresh decline, like Bitcoin. ETH price declined below $3,150 and $3,120 to enter a bearish zone.

The bears even pushed the price below $3,000. The price finally tested $2,910 and is currently consolidating losses below the 23.6% Fib retracement level of the recent downward move from the $3,367 swing high to the $2,910 swing low. There is also a key bearish trend line forming with resistance at $3,020 on the hourly chart of ETH/USD.

Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,880, the price could attempt another increase.

Immediate resistance is seen near the $3,020 level. The first key resistance is near the $3,080 level. The next major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,150 resistance or the 50% Fib retracement level of the recent downward move from the $3,367 swing high to the $2,910 swing low.

An upside break above the $3,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,300 in the near term.

Downside Continuation In ETH?

If Ethereum fails to clear the $3,020 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,880 zone.

A clear move below the $2,880 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,750 region. The main support could be $2,650.

Technical Indicators

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

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

Major Support Level – $2,880

Major Resistance Level – $3,020

Ethereum price started a fresh decline from the $3,300 resistance. ETH is now consolidating losses and is at risk of more losses below $3,150.

• Ethereum started a sharp downside correction below $3,250.
• The price is trading below $3,220 and the 100-hourly Simple Moving Average.
• There is a short-term declining channel forming with resistance at $3,210 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $3,160 zone.

Ethereum Price Struggles Below Resistance

Ethereum price failed to remain stable above $3,280 and started a fresh decline, like Bitcoin. ETH price declined below $3,250 and $3,220 to enter a bearish zone.

The bears even pushed the price below the 61.8% Fib retracement level of the recent wave from the $3,060 swing low to the $3,402 high. The price finally tested $3,160 and is currently consolidating losses. There is also a short-term declining channel forming with resistance at $3,210 on the hourly chart of ETH/USD.

Ethereum price is now trading below $3,220 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,160, the price could attempt another increase.

Immediate resistance is seen near the $3,220 level. The first key resistance is near the $3,260 level. The next major resistance is near the $3,280 level. A clear move above the $3,280 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,400 resistance zone or even $3,450 in the near term.

Downside Continuation In ETH?

If Ethereum fails to clear the $3,220 resistance, it could start a fresh decline. Initial support on the downside is near the $3,160 level. The first major support sits near the $3,140 zone or the 76.4% Fib retracement level of the recent wave from the $3,060 swing low to the $3,402 high.

A clear move below the $3,140 support might push the price toward the $3,080 support. Any more losses might send the price toward the $3,050 region. The main support could be $3,000.

Technical Indicators

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

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

Major Support Level – $3,160

Major Resistance Level – $3,220

Ethereum price started a fresh decline from the $3,400 resistance. ETH is now consolidating losses and holding the key support at $3,200.

• Ethereum started a sharp downside correction below $3,320.
• The price is trading below $3,250 and the 100-hourly Simple Moving Average.
• There was a break below a bullish trend line with support at $3,220 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $3,180 zone.

Ethereum Price Dips To Support

Ethereum price failed to remain stable above $3,300 and started a fresh decline, like Bitcoin. ETH price declined below $3,280 and $3,250 to enter a bearish zone.

There was a break below a bullish trend line with support at $3,220 on the hourly chart of ETH/USD. The pair even declined below the 50% Fib retracement level of the recent wave from the $3,060 swing low to the $3,402 high. The price finally tested $3,180.

Ethereum price is now trading below $3,250 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,180 or the 61.8% Fib retracement level of the recent wave from the $3,060 swing low to the $3,402 high, the price could attempt another increase.

Immediate resistance is seen near the $3,230 level. The first key resistance is near the $3,250 level. The next major resistance is near the $3,280 level. A clear move above the $3,280 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,400 resistance zone or even $3,450 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $3,250 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,180 zone.

A clear move below the $3,180 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 region. The main support could be $3,000.

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 – $3,180

Major Resistance Level – $3,280

Ethereum price started a major increase above the $3,350 resistance. ETH is now consolidating gains and holding the key support at $3,280.

• Ethereum started a downside correction after a major rally to $3,400.
• The price is trading above $3,280 and the 100-hourly Simple Moving Average.
• There is a bullish trend line forming with support at $3,280 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $3,280 zone.

Ethereum Price Hits Support

Ethereum price remained stable above $3,300 and started a fresh increase, like Bitcoin. ETH price rallied above the $3,320 and $3,350 resistance levels.

A high was formed at $3,402, and the price recently started a downside correction. There was a move below $3,320. The price dipped below the 23.6% Fib retracement level of the recent wave from the $3,060 swing low to the $3,402 high.

Ethereum price is now trading above $3,280 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $3,280 on the hourly chart of ETH/USD.

If the bulls can protect more losses below $3,280, the price could attempt another increase. Immediate resistance is seen near the $3,320 level. The first key resistance is near the $3,350 level. The next major resistance is near the $3,385 level. A clear move above the $3,385 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term.

Downside Break In ETH?

If Ethereum fails to clear the $3,320 resistance, it could start a fresh decline. Initial support on the downside is near the $3,280 level and the trend line. The first major support sits near the $3,260 zone and the 100 hourly SMA.

A clear move below the $3,260 support might push the price toward the $3,220 support and the 50% Fib retracement level of the recent wave from the $3,060 swing low to the $3,402 high. Any more losses might send the price toward the $3,150 region.

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 below the 50 zone.

Major Support Level – $3,280

Major Resistance Level – $3,385

After its recent price breakout, Ethereum (ETH) is facing its next big test and attempting to turn a crucial area into support. Some analysts have suggested that the altcoin is ready to continue its bullish momentum, arguing that the biggest rotation in years is coming.

Ethereum Challenges Key Resistance Area

On Wednesday, Ethereum broke past a crucial area and retested the $3,400 level for the first time in over a month. The king of altcoins has seen a 6% increase in the daily timeframe, jumping from the $3,100 level to the current levels.

Notably, ETH has been hovering between the $3,000-$3,300 area since the start of the year rally, but failed to break the local range’s upper boundary during last week’s attempt. Now, the cryptocurrency has daily closed above this barrier and is testing this area as support.

Amid this performance, analyst Michaël van de Poppe affirmed that “it’s ETH season” as the leading altcoin has held above the 21-day Moving Average (MA) since January 1. He explained that this level, officially lost during the early Q4 2025 corrections, is crucial for the price to hold onto to strengthen the momentum.

To the market observer, Ethereum is “ready to make new highs and continue the uptrend,” and based on this structure, his main scenario is that the cryptocurrency will likely retest the $3,800 area soon.

Meanwhile, Daan Crypto Trades pointed out that ETH is currently facing a “big test.” The trader noted that the altcoin has been moving within its $2,600-$3,300 price range over the past two months, adding that a breakout from this range is necessary to define the direction of its next move.

Per the chart, Ethereum must reclaim the $3,350 level, where the 200-day exponential moving average (EMA) is located. This indicator has served as a key rejection area since November, and breaking above it “should lead to a move higher to catch the Daily 200MA next,” currently located around the $3,600 area.

ETH To Follow Its 2018 Playbook?

Crypto Jelle also shared an optimistic outlook for the cryptocurrency, asserting that Ethereum “looks better than it has looked in years” against both Bitcoin (BTC) and the US Dollar.

He argued that both charts are poised to move higher since ETH’s downtrend against BTC is over, and its USD chart looks ready to push towards the $4,000 barrier again. He added that the ETH/BTC anticipated rally means “ETHUSD could see price move a lot higher over the coming months.”

Similarly, Alex Wacy recently explained that the “biggest ETH rotation in 8 years [is] forming right now.” The analyst highlighted that the king of altcoins is repeating the same playbook that led to its 2018 breakout against BTC, but with “bigger players” and “more capital entering.”

According to the chart, ETH saw a multi-year accumulation against Bitcoin between 2015 and 2017, leading to its massive expansion in 2018. After an initial breakout, the cryptocurrency re-accumulated for an extended period inside a falling wedge pattern, which resulted in a 50x pump from this structure.

This time, Ethereum’s trading pair against BTC moved within a multi-year falling wedge pattern again, which was broken out of in Q4 2025. If history repeats itself, the altcoin could see a new massive surge against the flagship crypto over the coming months.

As of this writing, Ethereum is trading at $3,375, a 5% increase in the weekly timeframe.

Ethereum price started a major increase above the $3,320 resistance. ETH is now consolidating gains and might dip toward the $3,280 zone.

• Ethereum started a downside correction after a major rally to $3,400.
• The price is trading above $3,300 and the 100-hourly Simple Moving Average.
• There is a bullish trend line forming with support at $3,280 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move up if it stays above the $3,280 zone.

Ethereum Price Climbs To $3,400

Ethereum price remained stable above $3,220 and started a fresh increase, like Bitcoin. ETH price rallied above the $3,250 and $3,320 resistance levels.

The bulls even pumped the price above $3,350. A high was formed at $3,402, and the price is now correcting some gains. There was a minor decline below $3,350 and the 23.6% Fib retracement level of the recent wave from the $3,061 swing low to the $3,402 high.

Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $3,280 on the hourly chart of ETH/USD.

If the bulls can protect more losses below $3,280, the price could attempt another increase. Immediate resistance is seen near the $3,350 level. The first key resistance is near the $3,380 level. The next major resistance is near the $3,400 level. A clear move above the $3,400 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,400 resistance, it could start a fresh decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,280 zone and the trend line.

A clear move below the $3,280 support might push the price toward the $3,230 support and the 50% Fib retracement level of the recent wave from the $3,061 swing low to the $3,402 high. Any more losses might send the price toward the $3,200 region.

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 – $3,280

Major Resistance Level – $3,400

Ethereum price started a major increase above the $3,160 resistance. ETH is now consolidating gains and might dip toward the $3,250 zone.

• Ethereum started a downside correction after a major rally to $3,375.
• The price is trading above $3,300 and the 100-hourly Simple Moving Average.
• There was a break above a major bearish trend line with resistance at $3,140 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move up if it stays above the $3,250 zone.

Ethereum Price Revisits $3,350

Ethereum price remained stable above $31,20 and started a fresh increase, like Bitcoin. ETH price rallied above the $3,160 and $3,200 resistance levels.

There was a break above a major bearish trend line with resistance at $3,140 on the hourly chart of ETH/USD. The bulls even pumped the price above $3,300. A high was formed at $3,374, and the price is now correcting some gains.

Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,300 or the 23.6% Fib retracement level of the recent wave from the $3,061 swing low to the $3,374 high, the price could attempt another increase.

Immediate resistance is seen near the $3,340 level. The first key resistance is near the $3,380 level. The next major resistance is near the $3,420 level. A clear move above the $3,420 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term.

Downside Correction In ETH?

If Ethereum fails to clear the $3,340 resistance, it could start a fresh decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.

A clear move below the $3,250 support might push the price toward the $3,220 support and the 50% Fib retracement level of the recent wave from the $3,061 swing low to the $3,374 high. Any more losses might send the price toward the $3,180 region.

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 – $3,250

Major Resistance Level – $3,340

Ethereum price failed to clear the $3,160 resistance and dipped again. ETH is now consolidating and might make another attempt to surpass $3,200.

• Ethereum started a downside correction below $3,180 and $3,150.
• The price is trading below $3,120 and the 100-hourly Simple Moving Average.
• There is a key bullish trend line forming with support at $3,085 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move up if it stays above the $3,080 zone.

Ethereum Price Starts Consolidation

Ethereum price failed to surpass $3,150 and trimmed gains, like Bitcoin. ETH price declined below $3,120 and $3,120 to enter a short-term bearish zone.

The last major swing low was formed at $3,050 before the price started a consolidation phase. There was a minor upward move above $3,130, and the 23.6% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low.

However, the bears are active near $3,150 and $3,180. Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $3,085 on the hourly chart of ETH/USD.

If the bulls can protect more losses below $3,080, the price could attempt another increase. Immediate resistance is seen near the $3,120 level. The first key resistance is near the $3,180 level and the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low.

The next major resistance is near the $3,200 level. A clear move above the $3,200 resistance might send the price toward the $3,265 resistance. An upside break above the $3,265 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,320 resistance zone or even $3,350 in the near term.

Downside Break In ETH?

If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $3,085 level and the trend line. The first major support sits near the $3,050 zone.

A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,925 region.

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 below the 50 zone.

Major Support Level – $3,080

Major Resistance Level – $3,150