{"id":110152,"date":"2025-11-04T03:08:49","date_gmt":"2025-11-04T03:08:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=110152"},"modified":"2025-11-04T03:08:49","modified_gmt":"2025-11-04T03:08:49","slug":"ethereum-faces-new-wave-of-selling-3550-support-in-focus","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=110152","title":{"rendered":"Ethereum Faces New Wave Of Selling \u2014 $3,550 Support In Focus"},"content":{"rendered":"

Ethereum price started a fresh decline below $3,750. ETH is moving lower below $3,700 and might decline further if it trades below $3,550.<\/em><\/p>\n

Ethereum started another bearish wave after it failed to clear $3,880.
\nThe price is trading below $3,700 and the 100-hourly Simple Moving Average.
\nThere is a contracting triangle forming with resistance at $3,650 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it trades below $3,550.<\/p>\n

Ethereum Price Dips Further<\/h2>\n

Ethereum price failed to stay in a positive zone and started a fresh decline below $3,880, like Bitcoin<\/a>. ETH price declined below $3,800 and $3,750 to enter a bearish zone.<\/p>\n

The decline gained pace below $3,650. Finally, the bulls appeared near $3,550. A low was formed at $3,557 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $3,920 swing high to the $3,557 low.<\/p>\n

Ethereum price is now trading below $3,800 and the 100-hourly Simple Moving Average<\/a>. If there is a recovery wave, the price could face resistance near the $3,650 level. There is also a contracting triangle forming with resistance at $3,650 on the hourly chart of ETH\/USD.<\/p>\n

<\/a><\/p>\n

The next key resistance is near the $3,740 level and the 50% Fib retracement level of the recent decline from the $3,920 swing high to the $3,557 low. The first major resistance is near the $3,800 level. A clear move above the $3,800 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,050 in the near term.<\/p>\n

More Losses In ETH?<\/h2>\n

If Ethereum fails to clear the $3,800 resistance, it could start a fresh decline. Initial support on the downside is near the $3,580 level. The first major support sits near the $3,550 zone.<\/p>\n

A clear move below the $3,550 support might push the price toward the $3,500 support. Any more losses might send the price toward the $3,420 region in the near term. The next key support sits at $3,350 and $3,320.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n

Major Support Level \u2013 $3,550<\/p>\n

Major Resistance Level \u2013 $3,800<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline below $3,750. ETH is moving lower below $3,700 and might decline further if it trades below $3,550. Ethereum started another bearish wave after it failed to clear $3,880. The price is trading below $3,700 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":110153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110152"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110152"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110153"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}