{"id":120703,"date":"2025-12-16T03:18:54","date_gmt":"2025-12-16T03:18:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=120703"},"modified":"2025-12-16T03:18:54","modified_gmt":"2025-12-16T03:18:54","slug":"ethereum-price-sinks-under-3k-is-volatility-about-to-explode","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=120703","title":{"rendered":"Ethereum Price Sinks Under $3K\u2014Is Volatility About to Explode?"},"content":{"rendered":"

Ethereum price started a fresh decline below $3,00<\/em>0. ETH is now consolidating and might soon aim to start a recovery wave above $2,980.<\/em><\/p>\n

Ethereum started a fresh decline from the $3,175 zone.
\nThe price is trading below $3,000 and the 100-hourly Simple Moving Average.
\nThere is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it settles below the $2,920 zone.<\/p>\n

Ethereum Price Dips 5%<\/h2>\n

Ethereum price failed to stay above $3,150 and started a fresh decline, like Bitcoin<\/a>. ETH price dipped below $3,120 and $3,050 to enter a bearish zone.<\/p>\n

The bears even pushed the price below $3,000. A low was formed at $2,916 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low.<\/p>\n

Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average<\/a>. Besides, there is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH\/USD.<\/p>\n

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

If there is another upward move, the price could face resistance near the $2,980 level. The next key resistance is near the $3,050 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low. The first major resistance is near the $3,080 level. A clear move above the $3,080 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,175 resistance zone or even $3,200 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,980 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 $2,920 zone.<\/p>\n

A clear move below the $2,920 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,840 region. The next key support sits at $2,800.<\/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 $2,920<\/p>\n

Major Resistance Level \u2013 $3,080<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave above $2,980. Ethereum started a fresh decline from the $3,175 zone. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":120704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-120703","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\/120703"}],"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=120703"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/120703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/120704"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}