{"id":110499,"date":"2025-11-05T03:28:08","date_gmt":"2025-11-05T03:28:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=110499"},"modified":"2025-11-05T03:28:08","modified_gmt":"2025-11-05T03:28:08","slug":"ethereum-tanks-10-can-bulls-defend-the-next-major-demand-zone","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=110499","title":{"rendered":"Ethereum Tanks 10% \u2014 Can Bulls Defend the Next Major Demand Zone?"},"content":{"rendered":"

Ethereum price started a fresh decline below $3,550. ETH is struggling below $3,400 and might decline further if it stays below $3,500.<\/em><\/p>\n

Ethereum started another bearish wave after it failed to clear $3,650.
\nThe price is trading below $3,500 and the 100-hourly Simple Moving Average.
\nThere is a bearish trend line forming with resistance at $3,450 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it trades below $3,200.<\/p>\n

Ethereum Price Dips Sharply<\/h2>\n

Ethereum price failed to stay in a positive zone and started a fresh decline below $3,550, like Bitcoin<\/a>. ETH price declined below $3,500 and $3,450 to enter a bearish zone.<\/p>\n

The decline gained pace below $3,350. Finally, the bulls appeared near $3,050. A low was formed at $3,058 and the price is now consolidating losses. There was a recovery wave above the 23.6% Fib retracement level of the recent decline<\/a> from the $3,920 swing high to the $3,058 low.<\/p>\n

Ethereum price is now trading below $3,400 and the 100-hourly Simple Moving Average. If there is a decent increase, the price could face resistance near the $3,350 level. The next key resistance is near the $3,480 level and the 50% Fib retracement level of the recent decline from the $3,920 swing high to the $3,058 low. There is also a bearish trend line forming with resistance at $3,450 on the hourly chart of ETH\/USD.<\/p>\n

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

The first major resistance is near the $3,500 level. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,750 resistance zone or even $3,800 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,500 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level. The first major support sits near the $3,200 zone.<\/p>\n

A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 region in the near term. The next key support sits at $3,020 and $3,000.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $3,200<\/p>\n

Major Resistance Level \u2013 $3,500<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline below $3,550. ETH is struggling below $3,400 and might decline further if it stays below $3,500. Ethereum started another bearish wave after it failed to clear $3,650. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":110500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110499","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\/110499"}],"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=110499"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110500"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}