{"id":10865,"date":"2025-02-01T19:16:52","date_gmt":"2025-02-01T19:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10865"},"modified":"2025-02-01T19:16:52","modified_gmt":"2025-02-01T19:16:52","slug":"ethereum-price-analysis-eth-risks-falling-below-3k-after-recent-rejection","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10865","title":{"rendered":"Ethereum Price Analysis: ETH Risks Falling Below $3K After Recent Rejection"},"content":{"rendered":"<div>\n<p>Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout.<\/p>\n<p>If ETH faces a more profound rejection at current levels, lower prices could follow.<\/p>\n<h2>Technical Analysis<\/h2>\n<p>By <a href=\"https:\/\/www.linkedin.com\/in\/shayan-navabi-522107248\/\" data-wpel-link=\"external\" target=\"_blank\">Shayan<\/a><\/p>\n<h3>The Daily Chart<\/h3>\n<p>Ethereum saw a strong push from buyers at the $3K support range, driving the price slightly above a substantial resistance region. This key region includes:<\/p>\n<ul>\n<li>The 100-day moving average at $3.3K<\/li>\n<li>The bullish flag\u2019s upper boundary at $3.4K<\/li>\n<\/ul>\n<p>Despite clearing these levels, ETH encountered significant selling pressure at $3.5K, highlighting insufficient buying power. This false breakout raises concerns about a potential rejection.<\/p>\n<p>Continuing the bullish trend will be possible if the asset successfully breaks above these key thresholds and ultimately reclaims the $3.5K juncture. Otherwise, a rejection could lead to heightened volatility and a potential price drop.<a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-381470\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D.jpg\" alt=\"\" width=\"1835\" height=\"872\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D.jpg 1835w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D-300x143.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D-1024x487.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D-768x365.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D-1536x730.jpg 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ETH-D-50x24.jpg 50w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"><\/a><\/p>\n<h3>The 4-Hour Chart<\/h3>\n<p>On the lower timeframe, ETH gained momentum after bouncing from the 0.5-0.618 Fibonacci retracement zone, successfully breaking above a descending wedge pattern. Such a breakout often signals a potential bullish continuation, shifting sentiment in favor of buyers.<\/p>\n<p>However, upon reaching the critical $3,5K resistance, Ethereum encountered significant selling pressure, triggering a retracement toward the previously broken trendline of the wedge.<\/p>\n<p>The upcoming price action will be crucial; if Ethereum finds support at this trendline and completes a pullback, the bullish structure could remain intact, leading to another push toward $3.5K. Conversely, if demand remains weak and buyers fail to step in, the market could face a deeper correction, potentially targeting the $3K support level again.<\/p>\n<h2>Onchain Analysis<\/h2>\n<p>By <a href=\"https:\/\/www.linkedin.com\/in\/shayan-navabi-522107248\/\" data-wpel-link=\"external\" target=\"_blank\">Shayan<\/a><\/p>\n<p>The Binance liquidation heatmap offers valuable insights into areas where substantial liquidation events are likely to occur. As liquidity tends to act as a price magnet, these levels often become focal points for market movements, with traders seeking to capitalize on liquidity sweeps.<\/p>\n<p>Recent market consolidation has resulted in the formation of a significant cluster of liquidation levels just above the key $3.5K resistance. These levels correspond to short-position liquidation levels, making them an attractive target for bulls and institutional buyers. Given this setup, Ethereum\u2019s price could be drawn toward this liquidity pocket, increasing the probability of a breakout above $3.5K in the mid-term.<\/p>\n<p>Despite the current lack of strong bullish momentum, the $3.5K level remains a crucial battleground. A decisive move above this resistance to trigger short liquidations could act as a catalyst for further upside, potentially propelling Ethereum toward the psychological $4K mark in the coming sessions.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ethereum-price-analysis-eth-risks-falling-below-3k-after-recent-rejection\/\" rel=\"nofollow\">Ethereum Price Analysis: ETH Risks Falling Below $3K After Recent Rejection<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout. If ETH faces a more profound rejection at current levels, lower prices could follow. Technical Analysis By Shayan The Daily Chart Ethereum saw a strong push from buyers at the $3K [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10865","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10865"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10865\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}