{"id":80782,"date":"2025-07-15T03:58:49","date_gmt":"2025-07-15T03:58:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=80782"},"modified":"2025-07-15T03:58:49","modified_gmt":"2025-07-15T03:58:49","slug":"ethereum-price-fails-to-hold-momentum-above-3k-correction-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=80782","title":{"rendered":"Ethereum Price Fails to Hold Momentum Above $3K \u2014 Correction Ahead?"},"content":{"rendered":"

Ethereum price started a fresh increase above the $3,000 zone. ETH is now consolidating gains and might correct lower toward the $2,900 zone.<\/em><\/p>\n

Ethereum started a fresh increase above the $3,000 level.
\nThe price is trading near $2,940 and the 100-hourly Simple Moving Average.
\nThere was a break below a key bullish trend line with support at $2,980 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it remains supported above the $2,900 zone in the near term.<\/p>\n

Ethereum Price Rallies Above $3,000<\/h2>\n

Ethereum price started a fresh increase above the $2,800 zone, like Bitcoin<\/a>. ETH price gained pace for a move above the $2,880 resistance zone and entered a positive zone.<\/p>\n

The bulls even pumped the price above $2,920. Finally, it tested the $3,080 zone. A high was formed at $3,081 and the price is now consolidating gains. There was a move below the 50% Fib retracement level of the upward move<\/a> from the $2,905 swing low to the $3,081 high.<\/p>\n

Besides, there was a break below a key bullish trend line with support at $2,980 on the hourly chart of ETH\/USD. Ethereum price is now trading near $2,940 and the 100-hourly Simple Moving Average.<\/p>\n

On the upside, the price could face resistance near the $2,980 level. The next key resistance is near the $3,000 level. The first major resistance is near the $3,040 level. A clear move above the $3,040 resistance might send the price toward the $3,080 resistance.<\/p>\n

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

An upside break above the $3,080 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term.<\/p>\n

Are Downsides Supported In ETH?<\/h2>\n

If Ethereum fails to clear the $3,000 resistance, it could start a downside correction. Initial support on the downside is near the $2,940 level and the 76.4% Fib retracement level of the upward move from the $2,905 swing low to the $3,081 high. The first major support sits near the $2,900 zone.<\/p>\n

A clear move below the $2,900 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,720 support level in the near term. The next key support sits at $2,650.<\/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 $2,900<\/p>\n

Major Resistance Level \u2013 $3,000<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above the $3,000 zone. ETH is now consolidating gains and might correct lower toward the $2,900 zone. Ethereum started a fresh increase above the $3,000 level. The price is trading near $2,940 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":80783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80782","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\/80782"}],"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=80782"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80783"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}