NewsBTC
Jan 12, 2026
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Ethereum Price Attempts Recovery Amid $3,180 Resistance Challenge

Ethereum Price Analysis

  • Ethereum price dipped below $3,200 and is now trading above $3,100.
  • A break was observed above a contracting triangle with resistance at $3,125 on the ETH/USD hourly chart.
  • The price must remain above $3,080 to sustain upward movement.

Current Recovery Attempt

  • ETH failed to stay above $3,200, dipping to a low of $3,050.
  • Recovery attempts are seen with a move above the 23.6% Fib retracement level from $3,308 to $3,050.
  • Trading above the 100-hourly Simple Moving Average, immediate resistance lies near $3,150.
  • Key resistances are at $3,180 and potentially $3,220 if momentum continues.

Ethereum Price

Potential Decline

  • If unable to clear $3,180, Ethereum may face a decline.
  • Initial support is near $3,110, with major support at $3,080.
  • A drop below $3,080 could lead to further declines toward $3,050 or even $3,000.

Technical Indicators

  • Hourly MACD: Bullish momentum gaining.
  • Hourly RSI: Above 50, indicating potential strength.
  • Major Support Level: $3,080
  • Major Resistance Level: $3,180