Ethereum Faces Downside Pressure, Key Support at $3,000
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Key Resistance Level: Ethereum was rejected near the $3,300 level, a zone reinforced by the 50-day simple moving average and the 23.6% Fibonacci retracement, indicating that buyers currently lack the strength to shift market structure.
- Weakening Momentum: The daily Relative Strength Index sits at 56.99, indicating a neutral market state, while trading volume declined by 2% during the pullback, suggesting reduced buyer conviction which could lead to deeper corrections.
- Bearish Structure Intact: Ethereum has formed lower highs since its October 2025 peak near $4,700, and this descending structure remains unbroken; unless a decisive daily close above $3,300 occurs, rallies are likely to be viewed as corrective moves within a broader downtrend.
- Critical Support Level: The $2,900 to $3,000 range is seen as critical support, and a breakdown below $3,000 could trigger cascading liquidations, potentially driving prices quickly down to $2,600, thereby increasing downside momentum.
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.
