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Dec 24, 2025
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Ethereum Price Declines Below $3,000 Amid Bearish Momentum

Ethereum Price Analysis

  • Ethereum price declined below $3,000 and is now trading under $2,950.
  • A break occurred below a rising channel at $2,980 on the hourly ETH/USD chart.
  • The price could slide further if it drops below the $2,880 support zone.

Current Market Situation

  • ETH failed to maintain levels above $3,000, similar to Bitcoin, entering a bearish phase below $2,980.
  • The price fell past the 50% Fibonacci retracement from the $2,775 low to the $3,075 high.
  • Trading is currently below both the $2,980 mark and the 100-hourly Simple Moving Average.

Ethereum Price

Resistance and Support Levels

  • Immediate resistance is near $2,980, with key resistances at $3,000 and $3,050.
  • A move above $3,050 may lead to $3,120, and potentially up to $3,200 or $3,220.
  • If ETH fails to surpass $3,000, it might decline further. Initial support lies around $2,880, then $2,845, followed by $2,800 and $2,775.

Technical Indicators

  • Hourly MACD: Indicates increasing bearish momentum.
  • Hourly RSI: Positioned below the 50 level, suggesting bearish conditions.