Ethereum Faces $3,060 Resistance, Short-Term Downside Risk Intensifies
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 23 2025- Price Resistance Analysis: Ethereum faces resistance around the $3,060 mark, currently trading near $2,958 with a daily loss exceeding 3%, indicating strong selling pressure at this level, which could lead to further declines in the short term.
- Head and Shoulders Formation: The 4-hour chart reveals Ethereum is forming a head and shoulders pattern, and a break below the neckline support between $2,950 and $2,900 would confirm this pattern and increase selling pressure, potentially targeting a price move towards $2,400.
- Support Zone Attention: Daily price action shows Ethereum failing to reclaim the $3,000 level, with analysts noting that if it does not recover soon, it could drop towards the $2,700 to $2,800 support zone, which previously acted as a strong demand area that may attract buyers again.
- Long-Term Structure Stability: Despite Ethereum's sideways movement on the weekly chart, the $2,100 to $2,350 support zone remains crucial for maintaining the long-term trend, as a drop below this range would signal further weakness, while staying above it helps sustain price stability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
