{"id":40190,"date":"2025-01-30T03:28:52","date_gmt":"2025-01-30T03:28:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=40190"},"modified":"2025-01-30T03:28:52","modified_gmt":"2025-01-30T03:28:52","slug":"ethereum-price-struggles-against-resistance-a-tough-road-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=40190","title":{"rendered":"Ethereum Price Struggles Against Resistance: A Tough Road Ahead"},"content":{"rendered":"

Ethereum price struggled to continue higher above $3,220. ETH is now consolidating losses and might face resistance near the $3,220 zone.<\/em><\/p>\n

Ethereum started a fresh decline below the $3,120 zone.
\nThe price is trading below $3,180 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start another decline if it stays below the $3,200 level.<\/p>\n

Ethereum Price Faces Resistance<\/h2>\n

Ethereum price started a fresh decline below the $3,220 and $3,180 levels, like Bitcoin<\/a>. ETH even declined below the $3,050 level before the bulls appeared.<\/p>\n

A low was formed at $3,021 and the price recently corrected some losses<\/a>. There was a move above the $3,120 and $3,150 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,425 wing high to the $3,020 swing low.<\/p>\n

However, the bears were active below the $3,200 resistance. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price seems to be facing hurdles near the $3,180 level. The first major resistance is near the $3,200 level and the trend line. The main resistance is now forming near $3,220 and the 50% Fib retracement level of the downward move from the $3,425 wing high to the $3,020 swing low.<\/p>\n

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

A clear move above the $3,220 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,0750 level. The first major support sits near the $3,050.<\/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 support level in the near term. The next key support sits at $2,950.<\/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 $3,050<\/p>\n

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

Ethereum price struggled to continue higher above $3,220. ETH is now consolidating losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,120 zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,220 on […]<\/p>\n","protected":false},"author":0,"featured_media":40191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40190","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\/40190"}],"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=40190"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40191"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}