NewsBTC
Dec 15, 2025
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Ethereum Price Declines Below $3,120 Amid Bearish Trend

Ethereum's price has declined below $3,120, and is now consolidating with potential for a recovery above $3,200.

  • The price initiated a correction from the $3,250 level.
  • Currently trading below $3,200 and the 100-hourly Simple Moving Average.
  • A bearish trend line forms resistance at $3,175 on the ETH/USD hourly chart.
  • A decline below $3,050 could lead to further downside.

Price Movement Details

ETH entered a short-term bearish zone after dropping below $3,150. It reached a low of $3,026 before attempting to recover.

Resistance levels include:

  • $3,150 (50% Fib retracement from $3,273 high to $3,026 low)
  • $3,180 and the connecting trend line
  • $3,200 as major resistance

A clear move above $3,200 could drive the price towards $3,250, with potential gains leading to $3,320 or $3,400.

Ethereum Price

Potential Decline

If Ethereum fails to surpass the $3,200 resistance, it may decline further:

  • Initial support at $3,080
  • Major support at $3,050
  • Further decline could target $3,020 and $3,000, with $2,940 as a key support

Technical Indicators

  • Hourly MACD is bullish
  • Hourly RSI is above 50