{"id":129313,"date":"2026-01-23T03:08:19","date_gmt":"2026-01-23T03:08:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=129313"},"modified":"2026-01-23T03:08:19","modified_gmt":"2026-01-23T03:08:19","slug":"ethereum-bulls-must-conquer-3050-or-momentum-quickly-fades","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=129313","title":{"rendered":"Ethereum Bulls Must Conquer $3,050 Or Momentum Quickly Fades"},"content":{"rendered":"

Ethereum price started a minor recovery wave from the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $3,050.<\/em><\/p>\n

Ethereum started a consolidation phase below $3,050.
\nThe price is trading below $3,040 and the 100-hourly Simple Moving Average.
\nThere was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it stays above the $2,900 zone.<\/p>\n

Ethereum Price Aims Recovery<\/h2>\n

Ethereum price failed to remain stable above $3,050 and extended losses, like Bitcoin<\/a>. ETH price declined below $3,000 and $2,920 to enter a bearish zone.<\/p>\n

The bears even pushed the price below $2,880. The price finally tested $2,865 and is currently consolidating losses<\/a>. There was a minor upside above the 23.6% Fib retracement level of the downward wave from the $3,365 swing high to the $2,865 swing low.<\/p>\n

Besides, there was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH\/USD. Ethereum price is now trading below $3,040 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,900, the price could attempt another increase.<\/p>\n

Immediate resistance is seen near the $3,050 level. The first key resistance is near the $3,110 level or the 50% Fib retracement level of the downward wave from the $3,365 swing high to the $2,865 swing low. The next major resistance is near the $3,175 level. A clear move above the $3,175 resistance might send the price toward the $3,220 resistance.<\/p>\n

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

An upside break above the $3,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,280 resistance zone or even $3,300 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,910 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 $2,865 support. Any more losses might send the price toward the $2,820 region. The main support could be $2,750.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $2,880<\/p>\n

Major Resistance Level \u2013 $3,050<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a minor recovery wave from the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $3,050. Ethereum started a consolidation phase below $3,050. The price is trading below $3,040 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":129314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129313","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\/129313"}],"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=129313"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129314"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}