NewsBTC
Jan 20, 2026
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Ethereum Faces Resistance Below $3,220, Risk of Further Decline

Ethereum Price Analysis:

  • Ethereum's price has declined from the $3,300 resistance level.
  • The price is currently below $3,220 and the 100-hourly Simple Moving Average.
  • A short-term declining channel with resistance at $3,210 is forming on the ETH/USD hourly chart.

Current Situation

  • ETH failed to stay above $3,280, moving into a bearish zone similar to Bitcoin.
  • The price fell below the 61.8% Fib retracement level of the recent increase from $3,060 to $3,402.
  • Currently consolidating around $3,160, the price is under short-term pressure.

Ethereum Price

Potential Scenarios

  • If bullish support holds above $3,160, Ethereum could attempt to rise again.
  • Immediate resistance levels are at $3,220, $3,260, and $3,280. Breaking through these could lead to further gains toward $3,320 or higher.
  • Failure to overcome $3,220 may result in a decline, with support at $3,160 and potentially down to $3,080 or $3,050.

Technical Indicators

  • Hourly MACD: Showing increasing bearish momentum.
  • Hourly RSI: Below the 50 mark, indicating potential continued weakness.

Major Support: $3,160

Major Resistance: $3,220