Has Ethereum Reached Its Short-Term Peak? Here’s What Analysts Say!

Jakarta, Pintu News – Ethereum recently failed to break the $3,300 resistance and experienced a decline. Currently, Ethereum is showing some bearish signs and may continue to decline towards $3,080.

Ethereum’s Recent Performance

Ethereum (ETH) had a hard time extending its gains above $3,300 and started a downward correction, similar to Bitcoin . ETH price dropped below $3,240 and $3,220, entering a short-term bearish zone. It broke below an important bullish trend line with support at $3,200 on the ETH/USD hourly chart. The pair even dropped below $3,150, recording a low of $3,123, and is currently consolidating losses.

Also Read: 5 Conditions for the Crypto Market to Hit an All-Time High in 2026, Here’s What Needs to Happen!

Recent Technical Analysis

Currently, Ethereum price is below $3,200 and the 100-hour simple moving average. If market participants can prevent a further drop below $3,120, it is possible that the price will try to rise again. Immediate resistance is seen near the $3,180 level.

The first key resistance is near the $3,200 level, with the next major resistance near the $3,220 level or the 50% Fibonacci retracement level of the last drop from $3,308 to $3,123. If it manages to cross the $3,220 resistance, the price could head to $3,250. An increase above the $3,250 area could trigger further gains in the coming days, with the potential to reach the $3,300 or even $3,320 resistance zone.

Ethereum Price Drop Potential

If Ethereum fails to break through the $3,220 resistance, there could be a new drop. Initial support on the downside lies near the $3,120 level, with the first major support being in the $3,080 zone.

A clear drop below the $3,080 support could push the price towards the $3,020 support. Further losses could send the price to the $3,000 region. The hourly MACD indicator for ETH/USD is gaining momentum in the bearish zone, and the hourly RSI for ETH/USD is now below the 50 zone.

Conclusion: Ethereum’s Short-Term Outlook

With various technical indicators pointing to further downside potential, market participants should be wary of a possible Ethereum price drop in the short term. However, if Ethereum can hold critical support and reverse the current trend, there is a chance for a price recovery.

Also Read: The Pattern Repeats? Ripple (XRP) is Ready to Surge Like 2017!

Follow us on Google News to get the latest information about crypto and blockchain technology. Check Bitcoin price today, Solana price today, Pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects
this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Price Could Be At a Short Term Top Near $4.94K. Accessed on January 9, 2026