{"id":61589,"date":"2025-01-08T10:43:16","date_gmt":"2025-01-08T15:43:16","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=61589"},"modified":"2025-01-08T10:43:16","modified_gmt":"2025-01-08T15:43:16","slug":"crypto-update-ethereum-struggles-after-price-rejection-at-4k-3k-support-holds-the-key","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/crypto-update-ethereum-struggles-after-price-rejection-at-4k-3k-support-holds-the-key\/61589\/","title":{"rendered":"Crypto update: Ethereum struggles after price rejection at $4K, $3K support holds the key"},"content":{"rendered":"<p>As of <strong>10:37 AM GMT-5 on January 8, 2025<\/strong>, Ethereum (ETH) is trading at <strong>$3,345.79<\/strong>, showing a decline of <strong>4.62%<\/strong> from the previous close of <strong>$3,380.73<\/strong>. The <strong>day\u2019s range<\/strong> for Ethereum is between <strong>$3,308.61 and $3,412.27<\/strong>, while its <strong>52-week range<\/strong> spans from <strong>$2,122.55 to $4,106.96<\/strong>.<\/p>\n<p>Key data points include:<\/p>\n<ul>\n<li><strong>Market Cap<\/strong>: <strong>$403.091 billion<\/strong><\/li>\n<li><strong>Circulating Supply<\/strong>: <strong>120.48 million ETH<\/strong><\/li>\n<li><strong>Volume (24h)<\/strong>: <strong>$36.34 billion<\/strong><\/li>\n<\/ul>\n<p><strong>Ethereum Price Action and Market Outlook:<\/strong><\/p>\n<p>Ethereum recently experienced a surge, targeting the critical $4,000 resistance level. However, substantial selling pressure between <strong>$3,700 and $3,800<\/strong> led to a strong rejection, causing ETH to pull back toward its previous swing low near <strong>$3,300<\/strong>. A daily candle close below this level could signal further bearish momentum.<\/p>\n<p>The <strong>$3,000 support region<\/strong> is considered a critical defense zone for buyers, aligning with the 100-day moving average. A breach below this support level could trigger significant downward movement in the mid-term. On shorter timeframes, Ethereum formed a bearish pattern near the $4,000 level, accompanied by a divergence on the RSI, signaling a loss of buying momentum.<\/p>\n<p>Having broken the <strong>$3,500 support region<\/strong>, Ethereum is now nearing the key <strong>$3,000<\/strong> support area, which aligns with the <strong>0.5-0.618 Fibonacci retracement levels<\/strong>.<\/p>\n<p><strong>Disclaimer<\/strong>: This information is for educational purposes only and does not constitute financial advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of 10:37 AM GMT-5 on January 8, 2025, Ethereum (ETH) is trading at $3,345.79, showing a decline of 4.62%\u2026<\/p>\n","protected":false},"author":434,"featured_media":59987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[3927,3926,19169,22400,6817,24221,22448,24223,24220,22929,2645,24224,24222],"class_list":["post-61589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-crypto","tag-cryptocurrency","tag-digital-assets","tag-eth","tag-ethereum","tag-ethereum-market","tag-ethereum-price","tag-fibonacci","tag-january-2025","tag-market-analysis","tag-resistance","tag-rsi-divergence","tag-support-levels"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=61589"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/59987"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=61589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=61589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=61589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}