Ethereum Faces Downside Pressure, Key Support at $3,000
- Key Resistance Level: Ethereum was rejected near the $3,300 level, a zone reinforced by the 50-day simple moving average and the 23.6% Fibonacci retracement, indicating that buyers currently lack the strength to shift market structure.
- Weakening Momentum: The daily Relative Strength Index sits at 56.99, indicating a neutral market state, while trading volume declined by 2% during the pullback, suggesting reduced buyer conviction which could lead to deeper corrections.
- Bearish Structure Intact: Ethereum has formed lower highs since its October 2025 peak near $4,700, and this descending structure remains unbroken; unless a decisive daily close above $3,300 occurs, rallies are likely to be viewed as corrective moves within a broader downtrend.
- Critical Support Level: The $2,900 to $3,000 range is seen as critical support, and a breakdown below $3,000 could trigger cascading liquidations, potentially driving prices quickly down to $2,600, thereby increasing downside momentum.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 624.833 | 1186.316 | 1705.683 | 2267.166 | 2786.533 | 3348.016 | 3867.383 |
| Fibonacci | 1186.316 | 1599.201 | 1854.282 | 2267.166 | 2680.051 | 2935.132 | 3348.016 |
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