Ethereum Could Drop Below Its Crucial $3,000 Level

Published: Jan 20, 2026 at 13:57

Updated: Jan 20, 2026 at 14:05

Ethereums price has fallen below the moving average lines after being rejected at the $3,400 level.

ETH price long-term analysis: bearish

The decline has paused above the 50-day SMA support. Since November 4, buyers have repeatedly tried to keep the price above $3,400 but have been unsuccessful.

Today, Ether has dropped to its crucial support above $3,000, which coincides with the 50-day SMA support. The cryptocurrency is currently trading above the 50-day SMA support but below the 21-day SMA resistance. The largest altcoin risks further decline if the bearish trend breaks below the 50-day SMA support. A break below the 50-day SMA support or the $3,000 low will send Ether to its previous bottom of $2,270. Meanwhile, the price is fluctuating between the moving average lines. Ether is currently at $3,102.

Technical indicators:

Resistance Levels: $4,500 and $5,000

• Support levels: $3,000 and $2,500

ETH price indicators analysis

The moving average lines are sloping upwards, but the price has fallen to the area above the 50-day SMA support and below the 21-day SMA resistance. The previous trend is indicated by the 21-day SMA being above the 50-day SMA support. The price bars on the 4-hour chart are below the moving average lines, which are sloping upwards.

What is the next direction for ETH？

Ethereum has paused its decline above the $3,000 level. Since January 8, the largest altcoin has traded above $3,000 but below $3,400.

Today, the price has dropped and is hovering above its critical level of $3,000. The altcoin will trend when either the $3,000 or $3,400 support levels are breached.