{"id":9278,"date":"2026-01-08T06:00:23","date_gmt":"2026-01-08T06:00:23","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-latest-push-raises-question-has-a-short-term-top-formed\/"},"modified":"2026-01-08T06:00:23","modified_gmt":"2026-01-08T06:00:23","slug":"ethereum-price-latest-push-raises-question-has-a-short-term-top-formed","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-latest-push-raises-question-has-a-short-term-top-formed\/","title":{"rendered":"Ethereum Price Latest Push Raises Question: Has a Short-Term Top Formed?"},"content":{"rendered":"<p><em>Ethereum price failed to clear the $3,300 resistance and dipped. ETH is now showing a few bearish signs and might decline toward $3,080.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction below $3,240 and $3,200.<\/li>\n<li>The price is trading below $3,200 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move down if it stays below the $3,200 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Trims Gains<\/h2>\n<p>Ethereum price failed to continue higher above $3,300 and started a downside correction, like Bitcoin. ETH price dipped below $3,240 and $3,220 to enter a short-term bearish zone.<\/p>\n<p>There was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH\/USD. The pair even dipped below $3,150. A low was formed at $3,123, and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $3,308 swing high to the $3,123 low.<\/p>\n<p>Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,120, the price could attempt another increase. Immediate resistance is seen near the $3,180 level.<\/p>\n<p>The first key resistance is near the $3,200 level. The next major resistance is near the $3,220 level or the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,123 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-873764\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Ethereum_727201.png?resize=1024%2C488\" alt=\"Ethereum Price\" width=\"1024\" height=\"488\" \/><\/p>\n<p>A clear move above the $3,220 resistance might send the price toward the $3,250 resistance. An upside break above the $3,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,300 resistance zone or even $3,320 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 a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,080 zone.<\/p>\n<p>A clear move below the $3,080 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 region.<\/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 $3,120<\/p>\n<p>Major Resistance Level \u2013 $3,220<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price failed to clear the $3,300 resistance and dipped. ETH is now showing a few bearish signs and might decline toward $3,080. Ethereum started a downside correction below $3,240 and $3,200. The price is trading below $3,200 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":9279,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-9278","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\/9278","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=9278"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9279"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}