{"id":7528,"date":"2025-01-01T10:37:22","date_gmt":"2025-01-01T10:37:22","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=7528"},"modified":"2025-05-12T12:37:14","modified_gmt":"2025-05-12T12:37:14","slug":"ethereum-jan-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/chart-of-the-day\/ethereum-jan-2025\/","title":{"rendered":"Ethereum: Drop to $3,000 Possible Before Continuation"},"content":{"rendered":"\n<p>Ethereum has broken down from $3,500 on December 19th, 2024, but has since been ranging approximately from $3,560 to $3,250. This behaviour occurs near two critical zones: the neckline of a <strong>double top pattern<\/strong>, and the<strong> yearly point of control<\/strong> (2024).<\/p>\n\n\n\n<p>Notice a successful breakdown of a <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/double-top-pattern\/\">Double Top Pattern<\/a> on the daily timeframe. This is a bearish reversal chart pattern which comes with a <strong><em>measured move target<\/em><\/strong>, an estimation of where the price is most likely to reach based on the pattern\u2019s shape and size.<\/p>\n\n\n\n<p>According to this current formation, the measured move aligns with the lows of a consolidation which occurred mid-November in 2024,<strong> at $3,028.56<\/strong>, a <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\">61.80% Fibonacci Retracement Level<\/a> at $3,024.62, and the $3,000 psychological level.<\/p>\n\n\n\n<p>This marks three critical supports aligning in the same area, making the <strong>$3,000 level <\/strong>a must-watch zone for a bounce.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"wp-block-themeisle-blocks-image-e58af2cf\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"859\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA.jpg\" alt=\"\" class=\"wp-image-7531\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA.jpg 1600w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-300x161.jpg 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-1024x550.jpg 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-768x412.jpg 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-1536x825.jpg 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<p>For now, until the price of Ethereum closes and holds above the<strong> July \u201824 Highs<\/strong> ($3,562.82) \u2013 where the double top\u2019s neckline is, the asset will continue to be in bearish bias.<\/p>\n\n\n\n<p>The following two bearish scenarios could happen as we move into January 2025:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Price retests the neckline of the Double Top, at around $3,500 to $3,570, before continuing to the <strong>Measured Move Target<\/strong>.<\/li>\n\n\n\n<li>Price falls towards $3,000, where there is a <strong>Measured Move Target<\/strong>, <strong>Psychological Level<\/strong>, and<strong> Fibonacci Support<\/strong>.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>As the price moves into the $3,000 support zone, a bounce at this level could very well take place<\/strong> <strong>due to multiple aligning supports.<\/strong> <strong>If it drops lower, $2,860 is the next critical support to watch.<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Where could a bounce from $3,000 take Ethereum?<\/h2>\n\n\n\n<p>As Bitcoin and Ethereum are highly correlated and because Bitcoin has not currently reached its estimated top at around $150,000, it is this editor\u2019s belief that Ethereum will break beyond its <strong>March \u201824 Highs at $4,095.22<\/strong>, should a bounce at ~$3000 happen.<\/p>\n\n\n\n<p><strong>Illustrated below: BLX Chart has not reached its top with the Logarithmic Regression Curve (Weekly).<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"wp-block-themeisle-blocks-image-fccd953f\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"859\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-2.jpg\" alt=\"\" class=\"wp-image-7533\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-2.jpg 1600w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-2-300x161.jpg 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-2-1024x550.jpg 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-2-768x412.jpg 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/COTD-25.01.01-TA-2-1536x825.jpg 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<p>Until Bitcoin falls below approximately $79,936 or basically $80,000, we cannot consider the Bitcoin top to already be in, at least according to this Bitcoin cycle top prediction method which has served well for 3 out of 4 past cycles.<\/p>\n\n\n\n<p>Either way, it&#8217;s important to watch the Bitcoin price alongside Ethereum&#8217;s to get a better gauge of whether $3,000 would act as adequate support, which perhaps could take the asset to new highs.<\/p>\n\n\n\n<p>Additionally, Bitcoin is known to move in 4 year cycles, making 2025 the topping year of this cycle.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>If not, conventional resistances above would be $3,400 (2024 Point of Control), $3,500 (Neckline), and $4,000 (March Highs).<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" 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height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s bearish breakout targets $3,000 with key support levels converging. Will it bounce, or continue lower? Discover critical insights here.<\/p>\n","protected":false},"author":159,"featured_media":7529,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-7528","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum: Drop to $3,000 Possible Before Continuation - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Ethereum&#039;s bearish breakout targets $3,000 with key support levels converging. Will it bounce, or continue lower? 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