Ethereum (ETH) Turns South: Is It Sliding Toward a Deeper Correction Phase?

TheNewsCryptoPublished on 2026-01-19Last updated on 2026-01-19

Abstract

Ethereum (ETH) is experiencing a bearish downturn, with its price dropping to around $3,222.34 amid a broader market decline. Trading volume surged by 143%, reaching $28.14 billion, while $156.31 million in ETH was liquidated. A critical support level is identified at $3,085; holding above it may preserve bullish structure and open a path toward $3.4K, while a break below could weaken momentum. Technical indicators signal bearish dominance: the MACD line is below zero, the Bull Bear Power is negative, and the RSI at 41.37 suggests further potential downside. Mild buying pressure exists but is insufficient to counter the current bearish trend.

As the bearish stretch across the market continues, all the major crypto assets are found in the red zone, with signs of exhaustion. The largest asset, Bitcoin (BTC), is hovering at $93K, while the largest altcoin, Ethereum (ETH), has registered a 2.91% slump. In the morning hours, the asset was trading at a high of $3,367.17.

With the potential bears taking control of the ETH market, the price has plummeted to a bottom of $3,181.67. At the time of writing, Ethereum traded at around $3,222.34, and the daily trading volume has rocketed by 143%, settling at $28.14 billion. Also, the market has observed a liquidation of $156.31 million worth of ETH.

Besides, an analyst chart displays $3,085 as a key support level for Ethereum, aligned with an ascending trendline. If it holds above this mark, it keeps the bullish structure intact and increases the chances of a breakout toward the $3.4K zone. A break below this level weakens the momentum and delays any upside move.

Ethereum’s downside trajectory pulls the price back to the $3,118 support. The emergence of the death cross might likely accelerate the loss even further to former lows. Assuming an upside move by ETH, the price might rise to the resistance at the $3.3K zone. Upon breaking this level, a potential recovery could loom, with the force of a golden cross.

Ethereum’s Technical Chart Signals a Bearish Bias

ETH’s Moving Average Convergence Divergence (MACD) line is below the zero line, which indicates that the downtrend is dominant and it trades below its longer-term average. The signal line remains above the zero line, showing the broader trend has not fully turned bearish, hinting at a weakening price trend.

Moreover, the Chaikin Money Flow (CMF) indicator at 0.02 sits briefly above the zero line, suggesting very mild buying pressure in the Ethereum market. Notably, the capital inflows slightly exceed the outflows, but the momentum is weak and not decisive, reflecting consolidation rather than a strong trend.

Ethereum’s Bull Bear Power (BBP) value, staying at -125.81, signals strong bearish dominance. The sellers are firmly in control, with the price trading below, giving a hint of an intense continuation of the downside unless momentum shifts. Furthermore, the daily Relative Strength Index (RSI) found at 41.37 is resting below the neutral 50 level, implying bearish momentum. As ETH is not oversold, it leaves room for further short-term consolidation.

Top Updated Crypto News

Solana (SOL) Tumbles 6%: Can Bulls Halt the Freefall, or Do Bears Truly Hold the Reins?

TagsAltcoinCryptocurrencyETHETH PriceETHEREUM

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
cake
PancakeSwapCAKE
jst
JUSTJST

Related Questions

QWhat is the current trading price of Ethereum (ETH) and how much has it declined?

AAt the time of writing, Ethereum is trading at around $3,222.34, having registered a 2.91% slump.

QWhat is the key support level for Ethereum according to the analyst's chart?

AThe key support level for Ethereum is $3,085, which is aligned with an ascending trendline.

QWhat does the Moving Average Convergence Divergence (MACD) indicator suggest about ETH's trend?

AETH's MACD line being below the zero line indicates that the downtrend is dominant and that the price is trading below its longer-term average.

QWhat is the significance of the Bull Bear Power (BBP) value being at -125.81?

AA Bull Bear Power (BBP) value of -125.81 signals strong bearish dominance, indicating that sellers are firmly in control and the price is trading below its average, suggesting a potential continuation of the downside.

QWhat potential event could accelerate Ethereum's losses even further according to the article?

AThe emergence of a death cross could likely accelerate Ethereum's losses even further toward former lows.

Related Reads

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

Ray Dalio, founder of Bridgewater Associates, warns in an interview that the current AI boom shows classic bubble characteristics, which could lead to significant economic downturns as seen in past cycles like 1929 or 2000. He explains that speculative enthusiasm, fueled by debt and overvaluation, often precedes a crash when rising rates or taxation force asset sales, causing widespread losses and recession. Dalio also outlines his "Big Cycle" theory, describing an approximate 80-year pattern where widening wealth gaps, massive government deficits, and shifting geopolitical power (like China's rise) create internal conflict and global instability. He emphasizes that we are in a late-cycle, transitional phase where traditional powers like the US and UK face decline. For personal wealth protection, Dalio advises diversification beyond cash into assets like stocks, bonds, real estate, and particularly gold, which he prefers over Bitcoin. While he holds about 1% of his portfolio in Bitcoin as a non-printable hard asset, he views gold as more secure from technological or governmental threats. Regarding AI's impact, Dalio believes it will disproportionately benefit capital owners, worsening inequality by replacing both physical and cognitive labor. He suggests that human intuition and emotional intelligence, combined with AI, will be key for future workers. On taxation, Dalio argues that wealth taxes are impractical and risk triggering asset sell-offs, reducing productive investment. He points to the UK as a cautionary example of debt, low productivity, and political strife. Geopolitically, Dalio foresees a more regionalized world, with the US showing weakness in prolonged conflicts like with Iran, akin to past imperial declines. The ideal outcome, he suggests, is coexisting powerful blocs (e.g., Americas, China-Asia Pacific) without major war.

marsbit1h ago

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

marsbit1h ago

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

South Korean stock market sees a dramatic shift in fund flows. On July 31, foreign investors made a record net purchase of approximately KRW 7.2 trillion in KOSPI stocks, marking a fundamental reversal from the persistent large-scale net outflows seen in previous months. This contributed to a significant narrowing of foreign net selling in July to KRW 9.8 trillion, down sharply from KRW 48.4 trillion in June and KRW 44.5 trillion in May. Simultaneously, domestic institutional pressure eased. South Korean pension funds and asset managers turned to a net buying position in July, purchasing KRW 1.0 trillion worth of KOSPI shares, contrasting with net sales in May and June. Market volatility is expected to be dampened by new financial regulations. Effective July 31, the Financial Services Commission tightened access for retail investors to single-stock leveraged ETFs by raising the minimum cash deposit requirement. Trading volumes for these products subsequently dropped to about 50% of their monthly average. Citigroup Research maintains its year-end KOSPI target of 10,000 points. The firm cites several supportive factors: the substantial easing of headwinds from capital outflows, a robust fundamental outlook for the semiconductor sector, historically low market valuations, strong economic fundamentals, and the potential for policy support from financial authorities if needed.

marsbit1h ago

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

marsbit1h ago

Breaking! OpenAI's Next-Gen AI Solves 10 Fields Medal-Level Problems

OpenAI's next-generation AI model Astra achieves breakthroughs in 10 long-standing mathematical conjectures. The results, including constructing the first known infinite, finitely presented non-sofic group—resolving a major question since 1999—and advancing the high-dimensional sphere packing problem beyond a 46-year-old barrier, are detailed in a 249-page paper. Key proofs have been formally verified using Lean 4. The AI also refuted a rigidity conjecture by Fields Medalist Alain Connes. According to OpenAI, generating these proofs cost under $2,000. Experts describe the findings as potentially Fields Medal-worthy and a landmark moment for both mathematics and AI, showcasing the model's ability to produce profound, human-like reasoning across diverse fields like group theory, geometry, and operator algebras.

marsbit3h ago

Breaking! OpenAI's Next-Gen AI Solves 10 Fields Medal-Level Problems

marsbit3h ago

How to Make Yourself Irreplaceable by AI Forever

This article argues that the primary threat from AI is not job replacement, but remaining trapped in "wage slavery"—financial dependence on employers. The path to becoming irreplaceable is not resisting AI, but becoming an "unemployable" individual who builds their own meaningful enterprise. The author identifies five key elements for this: Agency (acting without permission), Taste (judging what's worthwhile), Persuasion, Persistence, and Iteration. The solution is to stop being a "pawn" in someone else's game. To start, you must fundamentally change your identity and environment, then engage in rapid, real-world trial and error. While both coding and creating media (content) are powerful, content is more crucial. AI can generate assets, but true value lies in subjective, human-driven content that builds trust and narrative. The actionable advice is to carve out 15 minutes to answer foundational questions: 1) Uncover your "raw material"—what you know deeply or solve effortlessly. 2) Define your contrarian perspective—what common beliefs you think are wrong. The intersection of these answers is your direction. Finally, you must launch by publishing your first core idea immediately, using the feedback to iterate and develop the skills needed for a self-directed life and career.

marsbit3h ago

How to Make Yourself Irreplaceable by AI Forever

marsbit3h ago

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

The article discusses using dice rolls to generate secure Bitcoin wallet seeds, providing entropy independent of potentially flawed hardware random number generators. It explains that each fair dice roll offers about 2.585 bits of entropy, with around 50 rolls needed for a standard 12-word seed phrase and 99+ recommended for higher security. This method gained attention after a vulnerability was revealed in some Coldcard hardware wallets, where a faulty firmware RNG (dating back to 2021) compromised generated keys. The analysis notes that while a dice-generated main seed was safe from this specific flaw, other Coldcard functions (like creating paper wallets, backup keys, or passwords) could still be vulnerable if they used the defective RNG. The piece argues that while dice-based entropy is technically robust, the manual process is error-prone, tedious, and unrealistic for most new users, who might make mistakes in recording or inputting rolls. It concludes that while manual entropy generation should remain an option for advanced users, the long-term goal is to develop reliable, user-friendly hardware and software that securely generates randomness without requiring specialized knowledge. Coldcard users are advised to check their firmware version and replace any secondary secrets (like paper wallet keys) created with vulnerable devices, while also considering multi-signature setups with devices from different manufacturers for added security.

cryptonews.ru7h ago

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

cryptonews.ru7h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions