2026-01-09 09:20:16

Ethereum Struggles Near Key Moving Average Resistance

Ethereum encountered significant selling pressure after testing the 100-day exponential moving average at $3,298 midweek. The pullback intensified through subsequent sessions, with ETH dropping approximately 6% and now trading around the 50-day EMA level at $3,128.

The price action highlights a critical technical juncture. Currently hovering near $3,128, Ethereum is caught between two crucial moving averages. The 100-day EMA at $3,298 has proven to be a formidable resistance level, while the 50-day EMA is now acting as immediate support.

Traders are closely monitoring whether ETH can hold above the 50-day EMA. A break below this level could trigger additional selling and test lower support zones. Conversely, a sustained rebound might provide another opportunity to challenge the 100-day resistance. The interplay between these moving averages will likely dictate near-term price direction for the world's second-largest blockchain.

ETH1,98%

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LightningLady

· 01-09 21:23

Are you again occupying position 3128? Really, these two moving averages are tightly intertwined, ETH is really uncomfortable.

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rugged_again

· 01-09 09:50

Once again, it's about to break the 50-day moving average. I'm tired of this routine.

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GateUser-2fce706c

· 01-09 09:46

I've already said that this wave of pullback is the best opportunity to get in. If you're still hesitating, it's like questioning the internet back in the day. Holding the 50-day moving average is the key. When others are fearful, I am greedy. Time waits for no one, brothers.

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ZenChainWalker

· 01-09 09:44

Are you again trapped... Can 3128 still hold?

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MEVSandwich

· 01-09 09:43

It's time for the EMA sandwich again. Can we hold the 3128 level this time? --- If 3298 can't be broken, it feels like we still need to fall. That's how a bear market keeps tormenting us repeatedly. --- Wait, isn't this the same old trick as last time? Why does it keep getting stuck at the moving averages? --- If it breaks the 50-day moving average, it might drop below 3000 to find support... --- I bet on a rebound, but honestly, the current bearish momentum is too strong. --- ETH is in a pattern of repeated shakeouts at this level. Let's see who loses patience first.

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MetaverseLandlord

· 01-09 09:38

It's being suppressed again. The 3298 level is really a dead end...

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NFTHoarder

· 01-09 09:37

3298 has been smashed down again. Can we hold the 3128 this time? Feels risky.

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