{"id":113778,"date":"2025-11-18T03:08:47","date_gmt":"2025-11-18T03:08:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=113778"},"modified":"2025-11-18T03:08:47","modified_gmt":"2025-11-18T03:08:47","slug":"ethereum-breaks-3k-floor-as-bears-press-for-additional-downside","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=113778","title":{"rendered":"Ethereum Breaks $3K Floor as Bears Press for Additional Downside"},"content":{"rendered":"

Ethereum price failed to stay above $3,150 and extended losses. ETH is down over 5% and might struggle to recover above $3,200 in the near term.<\/em><\/p>\n

Ethereum started a fresh decline after it failed to stay above $3,150.
\nThe price is trading below $3,100 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it settles below the $3,000 zone.<\/p>\n

Ethereum Price Turns Red<\/h2>\n

Ethereum price failed to continue higher above $3,150 and started a fresh decline, like Bitcoin<\/a>. ETH price dipped below $3,180 and entered a bearish zone.<\/p>\n

The decline gathered pace below $3,120 and the price dipped below $3,000. A low was formed at $2,955 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline<\/a> from the $3,562 swing high to the $2,955 low.<\/p>\n

Ethereum price is now trading below $3,150 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,050 level. The next key resistance is near the $3,150 level. There is also a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH\/USD.<\/p>\n

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

The first major resistance is near the $3,260 level and the 50% Fib retracement level of the recent decline from the $3,562 swing high to the $2,955 low. A clear move above the $3,260 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,880 zone.<\/p>\n

A clear move below the $2,880 support might push the price toward the $2,750 support. Any more losses might send the price toward the $2,680 region in the near term. The next key support sits at $2,650 and $2,640.<\/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 $2,950<\/p>\n

Major Resistance Level \u2013 $3,150<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price failed to stay above $3,150 and extended losses. ETH is down over 5% and might struggle to recover above $3,200 in the near term. Ethereum started a fresh decline after it failed to stay above $3,150. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish […]<\/p>\n","protected":false},"author":0,"featured_media":113779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113778","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\/113778"}],"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=113778"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113779"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}