Why is Ethereum price today falling?

It is down as U.S. policy risk rises. Reports say Coinbase withdrew support for a crypto market structure bill and lawmakers delayed a markup, adding uncertainty. Charles Hoskinson also criticized Ripple’s Brad Garlinghouse over the bill stance, highlighting industry splits. That mix weakens sentiment and widens intraday swings.

What are the key Ethereum price levels to watch today?

First support is $2,978, then $2,771. On the upside, watch $3,009 to $3,063 as a pivot zone, followed by $3,246 and $3,372. A strong close above $3,246 can extend gains, while a break under $2,978 raises downside risk and may invite tests of lower bands.

Do technical indicators support a rebound now?

Signals are mixed. RSI near 49 is neutral, ADX near 24 shows a developing trend, and the MACD histogram positive reading hints at possible stabilization. A sustained move above the 50-day average near $3,063 would improve odds, while failure there leaves price vulnerable to another test of $2,978.

How could the crypto market structure bill affect ETH?

The bill could change exchange standards, custody rules, and how DeFi is treated. Tighter rules may raise costs or push activity offshore, while clearer paths could draw institutions. Until the markup resumes and the draft gains support, uncertainty may limit risk-taking and keep Ethereum sensitive to headlines.

Global Market Insights

ETHUSD Today, January 20: Hoskinson Slams XRP Bill Stance, Policy Risk

ByDanny Kontos January 21, 2026January 21, 2026

Ethereum price today is under pressure, trading near $2,999 with a 9.58% daily drop as policy headlines weigh on risk. Charles Hoskinson criticized Ripple CEO Brad Garlinghouse for not opposing the latest U.S. crypto market structure bill, while Coinbase reportedly withdrew support and lawmakers delayed a markup. This raises near-term uncertainty for U.S. traders. With DeFi-versus-banks concerns in focus, we expect wider ranges and quick swings. We break down levels, catalysts, and clear tactics for the day.