{"id":58527,"date":"2025-11-14T13:01:46","date_gmt":"2025-11-14T13:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58527"},"modified":"2025-11-14T13:01:46","modified_gmt":"2025-11-14T13:01:46","slug":"ethereum-eth-near-collapse-key-support-under-pressure-after-10-drop","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58527","title":{"rendered":"Ethereum (ETH) Near Collapse? Key Support Under Pressure After 10% Drop"},"content":{"rendered":"
\n

Ethereum is trading near a key technical level, raising questions about the strength of its current trend. As of press time, the price stands at $3,130, down 11% in the last 24 hours and 4% over the past week.<\/p>\n

Analysts are monitoring this zone to assess whether the asset can hold support or continue its decline.<\/p>\n

Weekly 50 EMA Retest in Focus<\/h2>\n

ETH is now testing the weekly 50 EMA, a level that acted as resistance for more than a year. This zone, around the $3,200\u2013$3,500 area, is now being retested from the other side. Merlijn The Trader described the setup as \u201cmake or break<\/em>,\u201d noting<\/a>:<\/p>\n

\n

\u201cLose this\u2026 and momentum dies. Hold it\u2026 and we send.\u201d<\/p>\n<\/blockquote>\n

Holding this support keeps Ethereum within a broader trend structure. If the level gives way, sellers may take control again, and the price could shift lower toward the next support zones.<\/p>\n

\"Ethereum<\/a>
Source: Merlijn The Trader\/X<\/figcaption><\/figure>\n

Ethereum\u2019s strength against Bitcoin is also being monitored after reclaiming<\/a> the 50-week EMA on the ETH\/BTC pair. In earlier cycles, including 2021, this development came just before ETH began a major upward move.<\/p>\n

Moreover, Ethereum is also moving in a narrow range between $3,350 and $3,675 on the daily chart. It is currently stuck between the 200-day EMA near $3,590 and the 200-day MA at around $3,355. This range has been respected over multiple sessions, with no clear breakout in either direction.<\/p>\n

Daan Crypto Trades said<\/a> that a break outside this range \u201cshould lead to another 5%+ move<\/em>,\u201d but added that only a clean break \u2014 not a short-lived wick \u2014 would confirm direction.\u00a0Until a clear move occurs, ETH remains boxed in between these two long-term moving averages.<\/p>\n

Double Bottom Structure Near Key Support<\/h2>\n

GalaxyBTC pointed out<\/a> that Ethereum may be forming a double bottom near the $3,100\u2013$3,200 area. This setup comes after a ~36% correction and mirrors a structure seen in 2020. At that time, ETH bounced from a similar double bottom and began a strong rally.<\/p>\n

\n

\u201cA bounce here means that the 2020 pattern is still in play,\u201d GalaxyBTC wrote.<\/p>\n<\/blockquote>\n

A failure to hold here may cancel that pattern and shift expectations to the downside. Price has recently moved from ATH to just above $3,100, matching<\/a> the scale of that earlier pullback.<\/p>\n

Weak Daily Close and Exchange Withdrawals<\/h2>\n

CryptoWZRD noted<\/a> that Ethereum closed the day in a bearish position and warned that further weakness is possible. ETHBTC is nearing a support level. They added, \u201cA strong bullish reversal is necessary<\/em>,\u201d or ETH could stay under pressure. A drop to $2,800 remains on the table if the price fails to recover.<\/p>\n

Short-term support is near $3,230, while resistance is seen around $3,640. Without stronger moves in Bitcoin, Ethereum may stay within this range or trade lower.<\/p>\n

Meanwhile, data shows<\/a> large ETH wallets are pulling funds off Binance. This has reduced the available exchange supply. Analysts suggest this may be a sign of long-term positioning, as fewer coins remain ready to sell.<\/p>\n

The post Ethereum (ETH) Near Collapse? Key Support Under Pressure After 10% Drop<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum is trading near a key technical level, raising questions about the strength of its current trend. As of press time, the price stands at $3,130, down 11% in the last 24 hours and 4% over the past week. Analysts are monitoring this zone to assess whether the asset can hold support or continue its […]<\/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-58527","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\/58527","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=58527"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58527\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}