Ethereum (ETH) Plunges Below $3,200, Will $3,000 Be the New Battleground?

Updated

December 16, 2025

Gambar Ethereum (ETH) Plunges Below $3,200, Will $3,000 Be the New Battleground?

Jakarta, Pintu News – Ethereum has recently experienced a significant drop, breaking below $3,120. Currently, ETH is in a consolidation phase and may soon try to start a recovery wave above $3,200.

Ethereum Price Drop

Ethereum (ETH) price failed to hold above $3,180 and started a new decline, similar to Bitcoin . ETH price dropped below $3,150 and $3,120, entering a short-term bearish zone.

The bears even pushed the price close to $3,000, with the lowest recorded price being $3,026. Currently, Ethereum is trying to recover some of its losses, having moved above the 23.6% Fibonacci retracement level of the drop from $3,273 to $3,026.

Also Read: Ethereum Headed to $5,000: Investment Opportunities Ahead of 2026!

Technical Analysis and Key Resistances

Currently, Ethereum (ETH) price is trading below $3,200 and the 100-hour simple moving average. Moreover, there is a bearish trend line formed with resistance at $3,175 on the hourly chart of ETH/USD. In case of another rise, the price may face resistance near $3,150 or the 50% Fibonacci retracement level of the drop from $3,273 to $3,026. The next key resistance is near $3,180 and the trend line.

Recovery Potential and Price Targets

The first major resistance is near $3,200. If the price manages to cross the $3,200 resistance, it could push the price towards $3,250. In case of a breakout above the $3,250 area, it might trigger further gains in the coming days. In that scenario, Ethereum (ETH) could rise towards the $3,320 or even $3,400 resistance zone in the short term.

Possible Further Decline

If Ethereum (ETH) fails to break the $3,200 resistance, the price may start a new decline. Initial support on the downside is near $3,080. The first major support lies in the $3,050 zone. If the price moves below the $3,050 support, it could push the price towards the $3,020 support. Further losses might send the price towards the $3,000 region. The next key support is at $2,940.

Ethereum Price Outlook

With the current market conditions, Ethereum (ETH) is at a critical point. Investors and market watchers should take note of the support and resistance levels mentioned to anticipate the next price movement. Will ETH return to the $3,200 level or even higher, or will we see a further drop towards $3,000 as a new battleground?

Also Read: Bitcoin Stuck Below $94,000: When Will Price Recovery Happen?

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*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. Crypto trading activities are subject to 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.