NewsBTC
Jan 26, 2026
4 0

Ethereum Price Drops Below $2,800 Amid Bearish Market Trends

Ethereum Price Analysis:

  • Ethereum is in a bearish trend, trading below $2,900 and the 100-hourly SMA.
  • A bearish trend line shows resistance at $2,920 on the hourly ETH/USD chart.
  • If Ethereum remains above $2,800, it may attempt recovery.

Current Situation

  • ETH dropped below $2,865, entering a bearish zone similar to Bitcoin.
  • The price tested $2,800 and is consolidating losses.
  • Potential upside if resistance at $2,920 is cleared; key resistances are at $2,960 and $3,000.
  • An upward move above $3,065 could push ETH towards $3,120-$3,150.

Ethereum Price

Potential Downside

  • If ETH fails to surpass $2,920, it might decline further.
  • Initial support levels are at $2,840 and then $2,800.
  • A drop below $2,800 could lead to $2,780 or even $2,720, with main support at $2,650.

Technical Indicators:

  • Hourly MACD: Losing momentum in the bearish zone.
  • Hourly RSI: Below 50.
  • Major Support: $2,800.
  • Major Resistance: $2,920.