Ethereum: Is Your Wallet Crying Yet?

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So, Ethereum. It tried, bless its heart. It had a little moment above $2,880, like a hopeful child at a spelling bee. Then… back down. It peeked at $3,050, which is almost, but not quite, the price of a decent handbag, and then decided, “Nah, I’m good.” Honestly, crypto is just mood swings with extra steps.

  • Ethereum apparently couldn’t commit to being above $3,000. Commitment issues, relatable.
  • It’s now trading below $2,990. Which, in the grand scheme of things, is… still a lot of money?
  • Some “bullish trend line” with support at $3,000 got broken. Bless its little trendline heart.
  • If it can stay above $2,880, maybe, just maybe, it’ll try again. Don’t hold your breath.

The Price Did a Thing

Ethereum, like Bitcoin – because they apparently copy each other’s homework – briefly pretended to be stable above $2,880. It cleared some resistance levels, like it was clearing a cluttered desk, before hitting that $3,000 mark. Then the bears showed up, which, let’s be real, they always show up. A high of $3,040 was achieved. Briefly. Then came the decline, because drama.

There was some talk of “Fib retracement levels” which, frankly, sounds like an excuse. And a trend line broke. Again. It’s now below the 100-hourly Simple Moving Average, which is a very specific detail that mostly makes me feel inadequate.

If the bulls decide to show up and actually do something above $2,920, we might see another attempt. Resistance awaits at $2,980 and $3,000. Because life loves a good obstacle. And then, potentially, $3,050. The suspense is killing me.

A clear move past $3,050 might send it to $3,120. Honestly, at this point, I’m just making up numbers. And if it breaks that? $3,180 or even $3,200! At that point, you’re just bragging.

Will It Go Down? (Probably)

If Ethereum fails at $3,000 (and I’m placing money that it will), prepare for a downward spiral. Initial support is at $2,920, then $2,880. Then things get… sad. We’re talking $2,820. $2,780. And finally, the abyss. Okay, maybe not the abyss, but $2,740. It’s support, but it felt like a threat.

Technical Indicators: Because of course there are technical indicators. Apparently, the MACD is being “bearish,” which is excellent news for bears and mildly concerning for the rest of us. And the RSI is below 50. This is all very… scientific.

Major Support Level – $2,880

Major Resistance Level – $3,000

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2026-01-29 06:22