{"id":125798,"date":"2026-01-09T03:08:21","date_gmt":"2026-01-09T03:08:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=125798"},"modified":"2026-01-09T03:08:21","modified_gmt":"2026-01-09T03:08:21","slug":"ethereum-price-inches-higher-building-pressure-for-a-follow-through","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=125798","title":{"rendered":"Ethereum Price Inches Higher, Building Pressure for a Follow-Through"},"content":{"rendered":"

Ethereum price failed to clear the $3,220 resistance and dipped. ETH is now attempting to recover and faces an uphill task near the $3,150 level.<\/em><\/p>\n

Ethereum started a downside correction below $3,220 and $3,200.
\nThe price is trading below $3,180 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $3,100 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move up if it stays above the $3,050 zone.<\/p>\n

Ethereum Price Attempts Fresh Increase<\/h2>\n

Ethereum price failed to remain stable above $3,220 and dipped further, like Bitcoin<\/a>. ETH price declined below $3,200 and $3,120 to enter a short-term bearish zone.<\/p>\n

The price even dipped below $3,120. A low was formed at $3,050, 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 $3,050 low. Besides, there was a break above a connecting bearish trend line with resistance at $3,100 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading below $3,180 and the 100-hourly Simple Moving Average<\/a>. If the bulls can protect more losses below $3,050, the price could attempt another increase. Immediate resistance is seen near the $3,150 level.<\/p>\n

The first key resistance is near the $3,180 level and the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low. The next major resistance is near the $3,210 level.<\/p>\n

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

A clear move above the $3,210 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

Another Decline In ETH?<\/h2>\n

If Ethereum fails to clear the $3,180 resistance, it could start a fresh decline. Initial support on the downside is near the $3,080 level. The first major support sits near the $3,050 zone.<\/p>\n

A clear move below the $3,050 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 bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n

Major Support Level \u2013 $3,050<\/p>\n

Major Resistance Level \u2013 $3,180<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price failed to clear the $3,220 resistance and dipped. ETH is now attempting to recover and faces an uphill task near the $3,150 level. Ethereum started a downside correction below $3,220 and $3,200. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":125799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125798","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\/125798"}],"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=125798"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125799"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}