{"id":2647,"date":"2025-01-29T06:00:26","date_gmt":"2025-01-29T06:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-battle-persists-can-bulls-turn-it-around\/"},"modified":"2025-01-29T06:00:26","modified_gmt":"2025-01-29T06:00:26","slug":"ethereum-price-battle-persists-can-bulls-turn-it-around","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-battle-persists-can-bulls-turn-it-around\/","title":{"rendered":"Ethereum Price Battle Persists: Can Bulls Turn It Around?"},"content":{"rendered":"<p><em>Ethereum price struggled to continue higher above $3,220 and dipped. ETH is now consolidating losses and might face resistance near the $3,200 zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh decline below the $3,150 zone.<\/li>\n<li>The price is trading below $3,200 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $3,250 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start another decline if it stays below the $3,220 level.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Again<\/h2>\n<p>Ethereum price started a fresh decline below the $3,250 and $3,200 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared.<\/p>\n<p>A low was formed at $3,021 and the price recently corrected some losses. There was a move above the $3,120 and $3,150 levels. The price surpassed the 23.6% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low.<\/p>\n<p>However, the bears were active near the $3,220 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 $3,250 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $3,150 level. The first major resistance is near the $3,220 level, the trend line, and the 50% Fib retracement level of the downward wave from the $3,425 swing high to the $3,021 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-685278\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Ethereum_8af30b.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The main resistance is now forming near $3,270. A clear move above the $3,270 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 $3,420 resistance zone or even $3,500 in the near term.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,020.<\/p>\n<p>A clear move below the $3,020 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,950 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 gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,050<\/p>\n<p>Major Resistance Level \u2013 $3,020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price struggled to continue higher above $3,220 and dipped. ETH is now consolidating losses and might face resistance near the $3,200 zone. Ethereum started a fresh decline below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-2647","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\/2647","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=2647"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2648"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}