{"id":64942,"date":"2025-12-23T17:31:53","date_gmt":"2025-12-23T17:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=64942"},"modified":"2025-12-23T17:31:53","modified_gmt":"2025-12-23T17:31:53","slug":"the-3100-trigger-will-ethereum-finally-break-out-or-crash-to-2400","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=64942","title":{"rendered":"The $3,100 Trigger: Will Ethereum Finally Break Out or Crash to $2,400?"},"content":{"rendered":"<div>\n<p>Ethereum is trading just below a key price level watched across the market. The $3,100 area has capped price moves for several years, and recent trading has brought ETH back near that zone.<\/p>\n<p>The asset is priced at around $2,950 at press time, down 3% over the past 24 hours and up almost 1% over the last seven days. Daily trading volume is close to $22.6 billion.<\/p>\n<h2>Ethereum Tests Multi-Year Resistance<\/h2>\n<p>Ethereum has spent more than five years moving within a tightening price structure. The ascending triangle pattern on the chart is formed by rising lows and a flat resistance band between $3,100 and $4,000. Analyst StockTrader_Max <a href=\"https:\/\/x.com\/StockTrader_Max\/status\/2003235800931270675?s=20\">noted<\/a>, \u201c<em>$ETH bulls have full control above $3,100<\/em>,\u201d adding that a breakout from this range could trigger a strong move higher.<\/p>\n<p>It is worth noting that the price is heading towards the top limit of this structure. The 50-week and 200-week moving averages are also close to the current level, providing additional support. A clean-up and close above $3,100 can open the door to re-test the $5,000 area that was approached in previous cycles.<\/p>\n<p>Simultaneously, throughout the period of September to November, Ethereum exhibited a falling wedge, the pattern usually associated with reversals. This wedge broke out at the end of November, and the price moved back into a smaller range of between $2,750 and $3,200.<\/p>\n<p>According to Don, this range is now showing signs of accumulation. ETH has remained above the wedge resistance. If the asset moves above $3,200, it could begin a run toward the $4,400 level projected from the earlier wedge breakout.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> is in accumulation <a href=\"https:\/\/t.co\/DDYxjl2vJw\">pic.twitter.com\/DDYxjl2vJw<\/a><\/p>\n<p>\u2014 Don <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f402.png\" alt=\"\ud83d\udc02\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@DonWedge) <a href=\"https:\/\/twitter.com\/DonWedge\/status\/2003410093044638107?ref_src=twsrc%5Etfw\">December 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Short-Term Pattern Raises Near-Term Risks<\/h2>\n<p>On the 4-hour chart, ETH may be forming a head-and-shoulders pattern, a setup often associated with local trend reversals. The left shoulder, head, and right shoulder are visible, with the neckline drawn near $2,780.<\/p>\n<p>Analyst Ali Martinez <a href=\"https:\/\/x.com\/alicharts\/status\/2003412264913895482?s=20\">said<\/a>,<\/p>\n<blockquote>\n<p>\u201cEthereum appears to be forming a head and shoulders pattern, pointing to a potential move toward $2,400.\u201d<\/p>\n<\/blockquote>\n<p>The pattern would only confirm if the price breaks below the neckline. Until then, the structure remains unconfirmed.<\/p>\n<p>Meanwhile, Bitmine Immersion Technologies, led by Tom Lee, <a href=\"https:\/\/cryptopotato.com\/tom-lees-bitmine-adds-98852-eth-in-a-week-now-holds-3-37-of-supply\/\">added<\/a> 98,852 ETH to its balance sheet over the past week. This increase places Bitmine among the largest known ETH holders in the market.<\/p>\n<p>Despite recent market outflows, Ethereum recorded $555 million in withdrawals this week, but 2025 remains a strong year overall, as previously <a href=\"https:\/\/cryptopotato.com\/ethereum-leads-the-charge-as-investors-pull-555-million-amid-clarity-act-uncertainty\/\">reported<\/a>. Total ETH inflows for the year have reached $12.7 billion, well ahead of the $5.3 billion recorded in 2024.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/the-3100-trigger-will-ethereum-finally-break-out-or-crash-to-2400\/\">The $3,100 Trigger: Will Ethereum Finally Break Out or Crash to $2,400?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is trading just below a key price level watched across the market. The $3,100 area has capped price moves for several years, and recent trading has brought ETH back near that zone. The asset is priced at around $2,950 at press time, down 3% over the past 24 hours and up almost 1% over [&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-64942","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\/64942","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=64942"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64942\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}