Ethereum Crashes Like Your Hopes of a $10,000 ETH – Market Panic Mode Activated!

by

Ethereum couldn’t quite hold its ground above $3,350 and is now in the midst of a minor crisis. It’s down over 5%, and there’s a good chance it’ll struggle to break above $3,450 anytime soon. Don’t worry, it’s not the end of the world… yet.

  • Ethereum began its inevitable downward spiral after failing to stay above $3,500. Apparently, $3,500 is just a number that taunts ETH.
  • The price is now below $3,350 and has even betrayed the 100-hourly Simple Moving Average. That’s like the financial equivalent of a breakup text.
  • A key bearish trend line has formed, with resistance looming at $3,500 on the hourly chart. ETH can’t seem to catch a break.
  • There’s a chance ETH could keep falling if it doesn’t manage to hold onto the $3,150 level. What’s next, a free fall? Let’s find out.

Ethereum Price Takes a Nosedive, But We’re Not Shocked

Ethereum’s price tried to do its best impression of a rocket, but reality kicked in. After failing to break above $3,550, ETH started a graceful descent back to Earth, just like Bitcoin. Classic.

The downfall escalated once it dropped below $3,350, with the price plummeting further to below $3,250. A low was hit at $3,153, and now, like every good drama, it’s attempting to correct itself. How charming.

ETH has been hovering below $3,350 and its 100-hourly Simple Moving Average. If it attempts to rise again, resistance might greet it near the $3,300 level. Spoiler alert: $3,350 is the next hurdle, followed by the 50% Fib retracement level from the recent high at $3,561 to the low at $3,153.

So, here’s the fun part. If ETH manages to break above $3,500 (which, frankly, is looking unlikely), it could then aim for $3,650. Anything above that could see ETH pushing toward $3,800 or even $3,880 in the near future. Dream big, right?

Is Ethereum Headed For Even More Losses?

In case you’re wondering whether ETH will bounce back, well, if it doesn’t clear the $3,350 resistance, brace yourselves. More declines could follow. Support on the downside comes in at $3,200, and below that, we’re looking at $3,150 as the next major support level. Seriously, this feels like a slow-motion trainwreck.

If $3,150 doesn’t hold, ETH could plunge towards $3,050, with further doom and gloom looming near $3,000. The truly unlucky could see it sinking to $2,880 or $2,850.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gathering momentum in the bearish zone. Because why not?

Hourly RSI – The RSI for ETH/USD is now comfortably below the 50 zone. It’s a ‘meh’ moment for ETH.

Major Support Level – $3,150 (if you can call it “support” at this point)

Major Resistance Level – $3,350. Best of luck with that.

Read More

2025-11-14 06:25