2026-01-09 05:25:18

Ethereum faces rejection from the 100-day EMA

Ethereum price pulled back after retesting its 100-day EMA at $3,298 on Wednesday and declined nearly 6% through Thursday. As of writing on Friday, $ETH hovers around the 50-day EMA level at $3,128.

If the 50-day EMA at $3,128 holds as support, the ETH price could recover toward the 100-day EMA at $3,298. A successful close above this level could extend gains toward the December 10 high of $3,447.

Ethereum’s RSI and MACD indicators signal bullishness, further supporting a recovery view.

However, if ETH continues its correction, it could extend the decline toward the daily support at $3,017.

ETH-1,89%

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