{"content":"Ethereum Loses Grip on $3K — Is a Correction Coming? Ethereum rose over $3,000 again. ETH is consolidating gains and may fall below $2,900. Ethereum rose over $3,000 again. The price is at $2,940 and the 100-hour SMA. The hourly ETH/USD chart broke below a positive trend line with support at $2,980. If sustained over $2,900, the pair may rise again. Ethereum Price Exceeds $3,000 Like Bitcoin, Ethereum price rose beyond $2,800. ETH price moved over $2,880 barrier and entered a bullish zone. Bulls drove prices over $2,920. The $3,080 zone was tested last. Price is holding gains after hitting $3,081 high. The $2,905 swing low to $3,081 high upward move fell below the 50% Fib retracement line. Additionally, ETH/USD's hourly chart broke below a bullish trend line with support at $2,980. Ethereum is reaching $2,940 and the 100-hour SMA. Price may find resistance at $2,980 on the upside. Near $3,000 is the next resistance. Around $3,040 is the first substantial barrier. A clean break over $3,040 might push the price above $3,080. Above $3,080 barrier might lead to greater advances in the following sessions. Ether may soar to $3,200 or $3,220 soon. Does ETH Support Downsides? Ethereum may fall if it fails to break $3,000 barrier. Initial downside support is approaching $2,940 and the 76.4% Fib retracement level of the bullish run from $2,905 swing low to $3,081 high. First significant support is around $2,900. A decisive break below $2,900 might bring the market near $2,800. If losses continue, the price may reach $2,720 support. Next important support is $2,650. Tech Indicators The negative MACD for ETH/USD is growing. Hourly RSI: ETH/USD is below 50. Major Support: $2,900 Major Resistance: $3,000. #ETHBreaks3k #CPIWatch #BTC120kVs125kToday #USCryptoWeek $ETH $BTC $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/15/fe49d05d6501407b8e6f1d70459f7669.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}