{"id":9275,"date":"2026-01-09T05:11:08","date_gmt":"2026-01-09T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-inches-higher-building-pressure-for-a-follow-through\/"},"modified":"2026-01-09T05:11:08","modified_gmt":"2026-01-09T05:11:08","slug":"ethereum-price-inches-higher-building-pressure-for-a-follow-through","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-inches-higher-building-pressure-for-a-follow-through\/","title":{"rendered":"Ethereum Price Inches Higher, Building Pressure for a Follow-Through"},"content":{"rendered":"<p><em>Ethereum price failed to clear the $3,220 resistance and dipped. ETH is now attempting to recover and faces an uphill task near the $3,150 level.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction below $3,220 and $3,200.<\/li>\n<li>The price is trading below $3,180 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $3,100 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up if it stays above the $3,050 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Attempts Fresh Increase<\/h2>\n<p>Ethereum price failed to remain stable above $3,220 and dipped further, like Bitcoin. ETH price declined below $3,200 and $3,120 to enter a short-term bearish zone.<\/p>\n<p>The price even dipped below $3,120. A low was formed at $3,050, 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 $3,050 low. Besides, there was a break above a connecting bearish trend line with resistance at $3,100 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum price is now trading below $3,180 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,050, the price could attempt another increase. Immediate resistance is seen near the $3,150 level.<\/p>\n<p>The first key resistance is near the $3,180 level and the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low. The next major resistance is near the $3,210 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-874056\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Ethereum_751788.png?resize=1024%2C488\" alt=\"Ethereum Price \" width=\"1024\" height=\"488\" \/><\/p>\n<p>A clear move above the $3,210 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>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,180 resistance, it could start a fresh decline. Initial support on the downside is near the $3,080 level. The first major support sits near the $3,050 zone.<\/p>\n<p>A clear move below the $3,050 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 bullish 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 $3,180<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price failed to clear the $3,220 resistance and dipped. ETH is now attempting to recover and faces an uphill task near the $3,150 level. Ethereum started a downside correction below $3,220 and $3,200. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9276,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-9275","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\/9275","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=9275"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9276"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}