08-01-2026 04:08 via newsbtc.com

Ethereum Price Latest Push Raises Question: Has a Short-Term Top Formed?

Ethereum price failed to clear the $3,300 resistance and dipped. ETH is now showing a few bearish signs and might decline toward $3,080.Ethereum started a downside correction below $3,240 and $3,200.
The price is trading below $3,200 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it stays below the $3,200 zone.Ethereum Price Trims Gains
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