{"id":2579,"date":"2025-01-27T05:11:06","date_gmt":"2025-01-27T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-battle-persists-will-it-overcome-the-struggles\/"},"modified":"2025-01-27T05:11:06","modified_gmt":"2025-01-27T05:11:06","slug":"ethereum-battle-persists-will-it-overcome-the-struggles","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-battle-persists-will-it-overcome-the-struggles\/","title":{"rendered":"Ethereum Battle Persists: Will It Overcome The Struggles?"},"content":{"rendered":"<p><em>Ethereum price struggled to continue higher above $3,420 and dipped. ETH is now approaching $3,150 and might struggle to start a fresh increase.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh decline from the $3,420 resistance 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 key contracting triangle with support at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start another increase if it stays above the $3,150 support level.<\/li>\n<\/ul>\n<h2>Ethereum Price Breaks Support<\/h2>\n<p>Ethereum price started a decent upward move from the $3,280 level, like Bitcoin. ETH was able to surpass the $3,320 and $3,350 resistance levels.<\/p>\n<p>The pair even surpassed $3,400 and tested $3,420. A high was formed at $3,427 and the price corrected most gains. There was a move below the $3,320 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH\/USD.<\/p>\n<p>A low was formed at $3,161 and the pair is now consolidating losses. Ethereum price is now trading below $3,250 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,220 level or the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low.<\/p>\n<p>The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300 or the 50% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-683498\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Ethereum_abee1e.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $3,300 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 $3,250 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120.<\/p>\n<p>A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000.<\/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 $3,150<\/p>\n<p>Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price struggled to continue higher above $3,420 and dipped. ETH is now approaching $3,150 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,420 resistance zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-2579","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:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=2579"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2580"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}