{"id":126900,"date":"2026-01-14T03:28:20","date_gmt":"2026-01-14T03:28:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=126900"},"modified":"2026-01-14T03:28:20","modified_gmt":"2026-01-14T03:28:20","slug":"ethereum-price-rips-higher-by-8-forcing-bears-to-reassess","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=126900","title":{"rendered":"Ethereum Price Rips Higher by 8%, Forcing Bears to Reassess"},"content":{"rendered":"

Ethereum price started a major increase above the $3,160 resistance. ETH is now consolidating gains and might dip toward the $3,250 zone.<\/em><\/p>\n

Ethereum started a downside correction after a major rally to $3,375.
\nThe price is trading above $3,300 and the 100-hourly Simple Moving Average.
\nThere was a break above a major bearish trend line with resistance at $3,140 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move up if it stays above the $3,250 zone.<\/p>\n

Ethereum Price Revisits $3,350<\/h2>\n

Ethereum price remained stable above $31,20 and started a fresh increase, like Bitcoin<\/a>. ETH price rallied above the $3,160 and $3,200 resistance levels.<\/p>\n

There was a break above a major bearish trend line with resistance at $3,140 on the hourly chart of ETH\/USD. The bulls even pumped the price above $3,300. A high was formed at $3,374, and the price is now correcting some gains.<\/p>\n

Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average<\/a>. If the bulls can protect more losses below $3,300 or the 23.6% Fib retracement level of the recent wave from the $3,061 swing low to the $3,374 high, the price could attempt another increase.<\/p>\n

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

Immediate resistance is seen near the $3,340 level. The first key resistance is near the $3,380 level. The next major resistance is near the $3,420 level. A clear move above the $3,420 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,340 resistance, it could start a fresh decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.<\/p>\n

A clear move below the $3,250 support might push the price toward the $3,220 support and the 50% Fib retracement level of the recent wave from the $3,061 swing low to the $3,374 high. Any more losses might send the price toward the $3,180 region.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n

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

Major Support Level \u2013 $3,250<\/p>\n

Major Resistance Level \u2013 $3,340<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a major increase above the $3,160 resistance. ETH is now consolidating gains and might dip toward the $3,250 zone. Ethereum started a downside correction after a major rally to $3,375. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":126901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-126900","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\/126900"}],"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=126900"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/126900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/126901"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}