Ethereum price plummets below $3,000, warning signals emerge in the market

Updated

January 22, 2026

Gambar Ethereum price plummets below $3,000, warning signals emerge in the market

Jakarta, Pintu News – Ethereum price has fallen sharply from the $3,200 resistance and is now in a consolidation phase of losses, with a potential further drop below $2,880.

Ethereum Price Drops Over 5%

Ethereum (ETH) price did not manage to stay above $3,200 and experienced a fresh decline, similar to Bitcoin . ETH price dropped below $3,150 and $3,120, entering the bearish zone. This decline marks a difficult phase for investors hoping for price stabilization above the psychological threshold.

This decline has not only affected market perception but also raised concerns about a bearish trend that may continue. Investors and analysts are now watching closely to see if there will be a recovery or if prices will continue to slide to lower levels.

Also Read: 3 Bitcoin Scenarios of 2026: Failure to Survive at $100K Could Trigger a Major Crash

Possible Continued Decline for ETH?

If Ethereum (ETH) fails to break the $3,020 resistance, there is a possibility that the price will continue to decline. Initial support lies near the $2,920 level, with the next major support in the $2,880 zone. This suggests that the selling pressure is still quite strong and could push the price even lower.

Technical indicators are showing stronger bearish signals. The hourly Moving Average Convergence Divergence (MACD) for ETH/USD shows increasing momentum in the bearish zone. Meanwhile, the hourly Relative Strength Index (RSI) for ETH/USD is now below the 50 zone, signaling the dominance of sellers in the market.

Technical Indicators and Key Levels

The hourly MACD indicator for Ethereum (ETH) shows an increase in bearish momentum, which could be a warning signal for traders to be cautious. The hourly RSI being below 50 also confirms that the current conditions are more favorable for sellers than buyers.

Support and resistance levels become very important in market conditions like this. Ethereum’s (ETH) key support level is at $2,880, while the key resistance level is $3,020. Close monitoring of these indicators will help in making informed investment decisions.

Conclusion

The current state of the Ethereum (ETH) market shows that volatility and uncertainty are still very high. Investors need to consider all factors, including technical indicators and key support levels, before making investment decisions. Understanding market dynamics and being prepared for possible scenarios is key in navigating this often unpredictable crypto market.

Also Read: 3 Reasons 2026 Is No Longer About Cycles, This Is What Actually Drives Crypto Prices

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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.