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Reading: Can ETH Challenge $3.4K Again or Is a Drop Below $3K Looming?
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Mycryptopot > News > Crypto > Ethereum > Can ETH Challenge $3.4K Again or Is a Drop Below $3K Looming?
Ethereum

Can ETH Challenge $3.4K Again or Is a Drop Below $3K Looming?

December 15, 2025 3 Min Read
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Can ETH Challenge $3.4K Again or Is a Drop Below $3K Looming?
mycryptopot

ETH had a short-term push above the trendline and examined the $3,400 resistance, however the bounce rapidly light. The market is displaying indicators of exhaustion once more, and bulls are struggling to keep up management. Until stronger momentum steps in, Ethereum could also be prone to rolling again into the vary.

Technical Evaluation

By Shayan

mycryptopot

The Each day Chart

After breaking above the descending trendline, ETH tapped into the $3,400–$3,500 resistance zone however did not maintain larger costs. The asset continues to be buying and selling under the 100-day and 200-day shifting averages, each situated above the $3,500 mark, and regardless of flipping the trendline, the construction stays fragile.

The latest candle reveals rejection from the identical zone that capped the value in early November, making this a transparent short-term barrier. If consumers lose grip, the following potential assist is across the $2,900 bullish order block, which coincides with the damaged trendline in the mean time.

The 4-Hour Chart

On the 4-hour chart, it’s evident that the breakout above the bearish trendline was clear, however the worth confronted fast resistance close to $3,400 and dropped again under $3,300.

mycryptopot

The earlier resistance has now changed into a minor assist zone round $3,100–$3,200. Nonetheless, the rejection wick from the latest high reveals an absence of follow-through. If this assist fails, the value may revisit the $2,950–$2,900 vary. Construction stays weak, and RSI is cooling off after overbought situations, suggesting weakening momentum.

Sentiment Evaluation

Open Curiosity

Open Curiosity is regularly rising once more and sits close to $19.4B, whereas the value has bounced again to round $3.2K. The final time this combo was seen, rising OI with flat or correcting worth, it preceded a pointy transfer.

This might go both manner, however traditionally, when OI climbs quicker than worth, it indicators aggressive speculative positioning, usually adopted by liquidations. Subsequently, merchants ought to keep cautious right here as the chance of a flush isn’t off the desk, particularly if spot market demand doesn’t comply with.

mycryptopot

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Reading: Can ETH Challenge $3.4K Again or Is a Drop Below $3K Looming?
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