{"id":5851,"date":"2025-07-15T05:00:21","date_gmt":"2025-07-15T05:00:21","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-fails-to-hold-momentum-above-3k-correction-ahead\/"},"modified":"2025-07-15T05:00:21","modified_gmt":"2025-07-15T05:00:21","slug":"ethereum-price-fails-to-hold-momentum-above-3k-correction-ahead","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-fails-to-hold-momentum-above-3k-correction-ahead\/","title":{"rendered":"Ethereum Price Fails to Hold Momentum Above $3K \u2014 Correction Ahead?"},"content":{"rendered":"<p><em>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<ul>\n<li>Ethereum started a fresh increase above the $3,000 level.<\/li>\n<li>The price is trading near $2,940 and the 100-hourly Simple Moving Average.<\/li>\n<li>There 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).<\/li>\n<li>The pair could start a fresh increase if it remains supported above the $2,900 zone in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Rallies Above $3,000<\/h2>\n<p>Ethereum price started a fresh increase above the $2,800 zone, like Bitcoin. ETH price gained pace for a move above the $2,880 resistance zone and entered a positive zone.<\/p>\n<p>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 from the $2,905 swing low to the $3,081 high.<\/p>\n<p>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<p>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<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-788774\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Ethereum_b06d03.png?resize=1024%2C479\" alt=\"Ethereum Price\" width=\"1024\" height=\"479\" loading=\"lazy\" \/><\/p>\n<p>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<h2>Are Downsides Supported In ETH?<\/h2>\n<p>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<p>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<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 $2,900<\/p>\n<p>Major Resistance Level \u2013 $3,000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5852,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-5851","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\/5851","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=5851"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5852"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}