Nov 14, 2025
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Ethereum Drops Below $3,350 as Price Declines Over 5%
Ethereum Price Analysis
- Ethereum's price fell below $3,350, continuing its decline after failing to hold above $3,500.
- The price is trading below the 100-hourly Simple Moving Average and is showing a bearish trend.
- A key bearish trend line has resistance at $3,500 on the hourly ETH/USD chart.
- If Ethereum settles below $3,150, further declines are possible.
Current Price Movement
- ETH dipped below $3,250, reaching a low of $3,153, before attempting a correction.
- Resistance is expected near $3,300 and $3,350, aligning with the 50% Fibonacci retracement level from the recent decline.
- A major resistance is at $3,500; a break above this could lead to gains toward $3,650 and possibly $3,800.
Potential for Further Losses
- If ETH cannot surpass $3,350, it may face renewed selling pressure.
- Initial support levels are at $3,200 and $3,150.
- Further decline could push the price toward $3,050, with additional support at $2,880 and $2,850.
Technical Indicators
- MACD: Gaining momentum in the bearish zone.
- RSI: Below the 50 mark, indicating weakness.
- Major Support Level: $3,150
- Major Resistance Level: $3,350
