{"id":2367,"date":"2025-01-14T06:00:28","date_gmt":"2025-01-14T06:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-tests-limits-can-it-conquer-the-uphill-task\/"},"modified":"2025-01-14T06:00:28","modified_gmt":"2025-01-14T06:00:28","slug":"ethereum-price-tests-limits-can-it-conquer-the-uphill-task","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-tests-limits-can-it-conquer-the-uphill-task\/","title":{"rendered":"Ethereum Price Tests Limits: Can It Conquer the Uphill Task?"},"content":{"rendered":"<p><em>Ethereum price started a minor recovery wave after it dropped to the $2,920 zone. ETH is rising and might face hurdles near the $3,240 zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a minor recovery wave from the $2,920 zone.<\/li>\n<li>The price is trading below $3,250 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a connecting bullish trend line with support at $3,240 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could struggle to start a fresh increase above the $3,200 resistance level.<\/li>\n<\/ul>\n<h2>Ethereum Price Attempts Recovery<\/h2>\n<p>Ethereum price failed to settle above $3,250 and extended losses like Bitcoin. ETH declined below the $3,120 and $3,000 support levels. There was a break below a connecting bullish trend line with support at $3,240 on the hourly chart of ETH\/USD.<\/p>\n<p>The pair even dipped below $2,950. A low was formed at $2,920 and the price is now attempting a recovery wave. There was a move above the $3,000 and $3,050 resistance levels. The price cleared the 50% Fib retracement level of the downward move from the $3,335 swing high to the $2,920 low.<\/p>\n<p>However, the bears are active below the $3,200 and $3,220 levels. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $3,175 level. It is near the 61.8% Fib retracement level of the downward move from the $3,335 swing high to the $2,920 low. The first major resistance is near the $3,200 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-675100\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Ethereum_6a5399.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The main resistance is now forming near $3,240. A clear move above the $3,240 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 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<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050.<\/p>\n<p>A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,920 support level in the near term. The next key support sits at $2,880.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,120<\/p>\n<p>Major Resistance Level \u2013 $3,240<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a minor recovery wave after it dropped to the $2,920 zone. ETH is rising and might face hurdles near the $3,240 zone. Ethereum started a minor recovery wave from the $2,920 zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-2367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2367"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2368"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}