{"id":125513,"date":"2026-01-08T03:08:04","date_gmt":"2026-01-08T03:08:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=125513"},"modified":"2026-01-08T03:08:04","modified_gmt":"2026-01-08T03:08:04","slug":"ethereum-price-latest-push-raises-question-has-a-short-term-top-formed","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=125513","title":{"rendered":"Ethereum Price Latest Push Raises Question: Has a Short-Term Top Formed?"},"content":{"rendered":"

Ethereum price failed to clear the $3,300 resistance and dipped. ETH is now showing a few bearish signs and might decline toward $3,080.<\/em><\/p>\n

Ethereum started a downside correction below $3,240 and $3,200.
\nThe price is trading below $3,200 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $3,200 zone.<\/p>\n

Ethereum Price Trims Gains<\/h2>\n

Ethereum price failed to continue higher above $3,300 and started a downside correction, like Bitcoin<\/a>. ETH price dipped below $3,240 and $3,220 to enter a short-term bearish zone.<\/p>\n

There was a break below a key bullish trend line<\/a> with support at $3,200 on the hourly chart of ETH\/USD. The pair even dipped below $3,150. A low was formed at $3,123, and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $3,308 swing high to the $3,123 low.<\/p>\n

Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,120, the price could attempt another increase. Immediate resistance is seen near the $3,180 level.<\/p>\n

The first key resistance is near the $3,200 level. The next major resistance is near the $3,220 level or the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,123 low.<\/p>\n

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

A clear move above the $3,220 resistance might send the price toward the $3,250 resistance. An upside break above the $3,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,300 resistance zone or even $3,320 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,220 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,080 zone.<\/p>\n

A clear move below the $3,080 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 region.<\/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 $3,120<\/p>\n

Major Resistance Level \u2013 $3,220<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price failed to clear the $3,300 resistance and dipped. ETH is now showing a few bearish signs and might decline toward $3,080. Ethereum started a downside correction below $3,240 and $3,200. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":125514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125513","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\/125513"}],"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=125513"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125514"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}