{"id":113022,"date":"2025-11-14T03:08:07","date_gmt":"2025-11-14T03:08:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=113022"},"modified":"2025-11-14T03:08:07","modified_gmt":"2025-11-14T03:08:07","slug":"ethereum-sheds-5-amid-market-pullback-raising-risks-of-deeper-correction","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=113022","title":{"rendered":"Ethereum Sheds 5% Amid Market Pullback, Raising Risks of Deeper Correction"},"content":{"rendered":"

Ethereum price failed to stay above $3,350 and extended losses. ETH is down over 5% and might struggle to recover above $3,450 in the near term.<\/em><\/p>\n

Ethereum started a fresh decline after it failed to stay above $3,500.
\nThe price is trading below $3,350 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $3,500 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it settles below the $3,150 zone.<\/p>\n

Ethereum Price Dips Sharply<\/h2>\n

Ethereum price failed to continue higher above $3,550 and started a fresh decline, like Bitcoin<\/a>. ETH price dipped below $3,500 and entered a short-term bearish zone.<\/p>\n

The decline gathered pace below $3,350 and the price dipped below $3,250. A low was formed at $3,153 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline from the $3,561 swing high to the $3,153 low.<\/p>\n

Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave<\/a>, the price could face resistance near the $3,300 level. The next key resistance is near the $3,350 level and the 50% Fib retracement level of the recent decline from the $3,561 swing high to the $3,153 low.<\/p>\n

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

The first major resistance is near the $3,500 level. There is also a key bearish trend line forming with resistance at $3,500 on the hourly chart of ETH\/USD. A clear move above the $3,500 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,800 resistance zone or even $3,880 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,350 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 $3,150 zone.<\/p>\n

A clear move below the $3,150 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,000 region in the near term. The next key support sits at $2,880 and $2,850.<\/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 $3,150<\/p>\n

Major Resistance Level \u2013 $3,350<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price failed to stay above $3,350 and extended losses. ETH is down over 5% and might struggle to recover above $3,450 in the near term. Ethereum started a fresh decline after it failed to stay above $3,500. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a key bearish […]<\/p>\n","protected":false},"author":0,"featured_media":113023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113022","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\/113022"}],"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=113022"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113023"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}