{"id":9073,"date":"2025-12-30T05:11:04","date_gmt":"2025-12-30T05:11:04","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-momentum-rolls-over-bearish-move-warning\/"},"modified":"2025-12-30T05:11:04","modified_gmt":"2025-12-30T05:11:04","slug":"ethereum-price-momentum-rolls-over-bearish-move-warning","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-momentum-rolls-over-bearish-move-warning\/","title":{"rendered":"Ethereum Price Momentum Rolls Over, Bearish Move Warning"},"content":{"rendered":"<p><em>Ethereum price started a decent upward move but failed near $3,050. ETH is now struggling and might continue to move down below $2,900.<\/em><\/p>\n<ul>\n<li>Ethereum started a recovery wave but struggled above $3,000.<\/li>\n<li>The price is trading below $2,950 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term contracting triangle forming with resistance at $2,930 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move down if it breaks below the $2,880 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Again<\/h2>\n<p>Ethereum price started a recovery wave above the $2,920 and $2,950 levels, like Bitcoin. ETH price even climbed above the $3,000 resistance before the bears appeared.<\/p>\n<p>A high was formed at $3,053, and the price started another decline. There was a sharp decline below $3,000 and $2,980. The bears even pushed the price below $2,950. A low was formed at $2,907 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $3,053 swing high to the $2,907 low.<\/p>\n<p>Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If the bulls are able to protect more losses below $2,900, the price could attempt another recovery wave.<\/p>\n<p>Immediate resistance is seen near the $2,940 level. Besides, there is a short-term contracting triangle forming with resistance at $2,930 on the hourly chart of ETH\/USD. The first key resistance is near the $2,955 level. The next major resistance is near the $2,980 level. It is close to the 50% Fib retracement level of the downward move from the $3,053 swing high to the $2,907 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-870865\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Ethereum_60907e.png?resize=1024%2C469\" alt=\"Ethereum Price\" width=\"1024\" height=\"469\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $2,950 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,120 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,955 resistance, it could start a fresh decline. Initial support on the downside is near the $2,900 level.<\/p>\n<p>The first major support sits near the $2,880 zone. A clear move below the $2,880 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,720.<\/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 $2,955<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a decent upward move but failed near $3,050. ETH is now struggling and might continue to move down below $2,900. Ethereum started a recovery wave but struggled above $3,000. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2,930&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9074,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-9073","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\/9073","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=9073"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9074"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}