NewsBTC
Dec 16, 2025
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Ethereum Price Drops Below $3,000 Amid Bearish Trend

Ethereum's price has dipped below $3,000, marking a 5% decline. Key points include:

  • ETH began falling from the $3,175 zone and is now trading below $3,000 and the 100-hourly Simple Moving Average.
  • A bearish trend line is forming, with resistance at $3,120 on the hourly ETH/USD chart.
  • Current support levels are at $2,950 and $2,920. A drop below $2,920 could see further declines toward $2,880 or even $2,840.
  • Resistance levels to watch for potential recovery are at $2,980, $3,050, and $3,080. Breaking above $3,120 could lead to gains up to $3,175 or $3,200.

Ethereum Price

Technical indicators show the MACD gaining momentum in the bearish zone, while the RSI is below 50, indicating a bearish trend.