Ethereum Faces Sell-Off Risk, Could Fall Below $3,000
Published at 2026-01-20 20:45:14
Ethereum is showing renewed downside pressure after a failed attempt to sustain a move above key resistance; price has broken back down and the tape is turning heavy. This month’s early push higher has fully retraced and the market structure looks bearish again, increasing the likelihood of a test of the $3,000 mark.
A break below $3,000 would likely amplify volatility, trigger stop-losses and put strain on leveraged positions across spot and derivatives markets, with knock-on effects for other altcoins. Traders will be watching whether buyers step in to defend the level or if volume confirms a deeper correction; reclaiming the prior resistance is needed to shift the short-term bias back in favor of bulls.
Share on: