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Ethereum is trading at a critical juncture as buyers continue to defend the $2,600 support zone, attempting to stabilize the price after recent volatility. While this level is keeping short-term downside in check, broader market pressure and weakening structure leave bears watching closely for a potential breakdown that could open the door to a deeper macro pullback. $2,600 Holds As Key Support On Ethereum 6H Chart On X, Can Özsüer highlighted that Ethereum is currently holding above the $2,600 support zone on the 6-hour chart, a level that has so far provided a solid base for price action. As long as ETH continues to defend this area and avoids a clear candle close below it, the broader structure remains constructive for a potential upside attempt. Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation With support intact, the analyst pointed to a recovery toward $3,050, followed by a possible move into the $3,150 region. These zones are seen as logical reaction levels where price may either consolidate or face temporary resistance if buying momentum gradually strengthens. However, for Ethereum to unlock a more meaningful bullish continuation, Özsüer stated it must reclaim $3,350, referred to as box number two on the chart. A decisive close above this level, backed by strong volume, would open the door for higher price exploration. If ETH fails to break through that resistance, it could cap price and trigger another wave of selling. In that case, a deeper pullback toward the $2,400–$2,100 support range becomes a real possibility. Özsüer also shared that he has already taken a long position based on the $2,600 support on the 1-hour chart and is monitoring price closely, with plans to add to the position depending on how momentum develops. Loss Of $2,710 Targets The $2,620 Swing Low According to crypto analyst Ardi, Ethereum is currently sitting in a make-or-break area, with $2,710 standing out as a crucial short-term support level. A clean loss of this zone would likely accelerate downside pressure, placing the $2,620 swing low firmly in focus as the next area where liquidity could be tested. Related Reading: Ethereum Chart Turns Bullish: New Cycle Energy Points To $5,000 Ardi emphasized that the $2,450 region serves as the primary line of defense for the broader market structure. Holding this level would be essential to prevent a deeper structural breakdown, as a sustained move below it could push Ethereum into a far more vulnerable technical position. Compounding the downside risk, ETH/BTC remains in a strong downtrend, highlighting Ethereum’s ongoing underperformance relative to Bitcoin. This relative weakness suggests that volatility could stay elevated in the coming sessions, making the environment increasingly unstable for ETH holders. Featured image from Pexels, chart from Tradingview.com

Crypto pundit BigShortRare has declared that a Litecoin price rally to between $1,200 and $2,000 is not a fantasy but a marketcap math. This came as he explained exactly how the altcoin will reach this price target based on its market cap and circulating supply.  Why A Litecoin Price Rally To $2,000 Could Happen In an X post, BigShortRare noted that LTC has a circulating supply of roughly 76.78 million coins. As such, a $1,200 Litecoin price will give the altcoin a market cap of about $90 billion, while at $2,000 per LTC, the altcoin’s market cap is about $150 million. The pundit remarked that these numbers sound big until they are put in context.  Related Reading: Here’s Why The Litecoin Price May Be Getting Ready For Another Massive Rally BigShortRare alluded to the fact that Bitcoin has already crossed $2 trillion in market cap in the past, while Ethereum has traded above a $500 billion market cap. Furthermore, he stated that in the previous cycle, capital has repeatedly concentrated into a few large, liquid, and battle-tested assets.  Therefore, a Litecoin price rally to a $90 billion to $150 billion market cap would still be a fraction of Bitcoin’s market cap and well within historical altcoin concentration ranges during late-cycle rotation. BigShortRare also mentioned that what supports that valuation range is not illusion but structure.  He explained that Litecoin is fully integrated across exchanges, wallets, payment processors, and merchant rails. The pundit added that the altcoin has a fixed supply, no VC overhang, no emissions surprises, and no dependency on speculative incentives. LTC is also said to function as a settlement and payment network, not a promise.  “LTC Is The OG” BigShortRare also noted that LTC is an OG crypto project, which is another reason why he is confident that the Litecoin price can rally to as high as $2,000. He stated that when markets rotate from experimentation to reliability, capital doesn’t spread evenly but rather compresses into assets that already work at scale.  Related Reading: XRP, HBAR, And Litecoin: Pundit Highlights Coins To Watch In 2026 The pundit remarked that a $1,200 to $2,000 price tag for LTC doesn’t require it to replace Bitcoin or Ethereum. Instead, it only requires the market to price Litecoin as a major monetary rail and not a side character. “That’s not a prediction of timing. It’s a valuation argument. Price decides when. Structure decides if,” he concluded. It is worth noting that BigShortRare’s thesis was in support of crypto analyst Surf’s prediction that the Litecoin price was about to rally to $2,000. His accompanying chart showed that the rally to this price target could happen by 2028. At the time of writing, the Litecoin price is trading at around $64, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum has slipped below the $2,800 level and is now struggling to hold the $2,700 area, extending a phase of price weakness amid fragile market conditions. Recent price action shows limited follow-through on rebounds. With sellers continuing to cap upside attempts as broader risk appetite remains uneven. While spot momentum has softened, on-chain data suggests a more nuanced picture beneath the surface. Related Reading: XRP Risk-Adjusted Returns Signal Consolidation Rather Than Trend Formation – Details The realized price of the ETH accumulation address continues to trend higher and is now approaching the current market price. This dynamic indicates that accumulation activity has not stalled despite the drawdown. In practice, a rising realized price reflects coins being acquired at progressively higher cost bases, signaling continued participation from long-term buyers rather than capitulation. Importantly, this realized price zone has historically acted as a strong support level for accumulation whales. Notably, this price range has never been broken in prior tests. Each prior interaction with the realized price of the accumulation coincided with stabilization rather than an accelerated downside. Reinforcing its relevance as a structural reference. While this does not guarantee immediate upside or prevent short-term volatility, it provides context for the current consolidation near $2,700. Whale Cost Basis Emerges as Key Support A recent report from CryptoQuant explains that Ethereum has declined to around $2,682, a level that aligns closely with the realized price of the ETH accumulation address. This metric tracks the average cost basis of long-term accumulators. It provides a key reference point to assess where committed buyers stand. Historically, the realized price of accumulation addresses has acted as a strong structural support, particularly during corrective phases. When market price converges toward this level, it often reflects a transition from speculative selling to absorption by longer-term holders. In the current context, this zone is actively providing support, with price stabilizing rather than accelerating lower despite broader market pressure. CryptoQuant data also shows that whale accumulation remains active. Large holders continue to add ETH near these levels, suggesting confidence in this cost basis and reinforcing its role as a defended price zone. This behavior contrasts with distribution patterns typically seen near market tops, where realized prices flatten or decline as long-term holders reduce exposure. As long as the accumulation cohort maintains its position and does not begin to distribute, the probability of sustained downside below this level remains limited. Strong whale buying anchors price action near $2,680, establishing a meaningful support zone even as short-term volatility persists. Related Reading: Bitmine Stakes Additional 250,912 Ethereum Worth $745M – 61% Is Now Staked Ethereum Tests Long-Term Demand Ethereum’s price action continues to reflect a market under pressure. ETH is now trading around the $2,700–$2,750 zone after failing to hold above the $3,000 psychological level. The chart shows a clear sequence of lower highs and lower lows since the November peak, confirming that the broader trend remains corrective rather than impulsive. ETH is trading below its short- and medium-term moving averages. With the 50-day and 100-day averages acting as dynamic resistance on recent rebounds. The 200-day moving average, still trending higher above $3,500, highlights the loss of long-term momentum and reinforces the idea that the market has shifted into a consolidation-to-distribution phase rather than a continuation of the prior uptrend. Importantly, the $2,700 area aligns closely, driven by panic selling but rather by a lack of aggressive follow-through under pressure since December, suggesting the presence of structurally committed buyers. Volume has declined during recent sell-offs. This indicates that downside moves are not being driven by panic selling, but rather by a lack of aggressive follow-through from buyers. Related Reading: Ethereum Leverage Remains At Record High: What Happens Next? As long as ETH holds above the $2,650–$2,70signal a deeper retracement, whereasemain range-bound, with volatility compressing. A decisive breakdown below this zone would open the door to a deeper retracement, while stabilization here would support the case for base-building rather than trend continuation. Featured image from ChatGPT, chart from TradingView.com 

Ethereum (ETH) has retested its crucial $2,800 support level for the second time this week, as the broader crypto market erases all its intraweek gains. Some market observers have weighed in on whether investors should worry about King of Altcoin’s performance. Related Reading: Analysts Say Dogecoin Consolidation Is About To End – Parabolic Run Or Crash Ahead? Ethereum Plunges Amid Broader Market Crash On Thursday, global markets experienced a sharp decline, with stocks, cryptocurrencies, and even precious metals erasing over $3 trillion in market value in just a few hours. Ethereum, the second-largest cryptocurrency by market capitalization, followed the market-wide correction, retracing 6.9% in the daily timeframe. The cryptocurrency has been hovering between $2,800 and $3,300 since the start of the year and attempted to reclaim the upper zone of this range this month. Nonetheless, the recent geopolitical tensions and macroeconomic uncertainty have weakened the appetite for risk assets and halted the crypto market’s early January momentum. According to Binance market data, Ethereum fell below $2,800 on Thursday morning, briefly bouncing before reaching a one-month low of $2,773. Meanwhile, the leading cryptocurrency by market capitalization, Bitcoin (BTC), saw a sharp 6.2% decline, reaching a two-month low of $83,934. Data from CoinGlass shows that crypto liquidations over the past 24 hours surged to nearly $1 billion, with $917.17 million in leveraged positions forcibly closed at the time of writing. During this period, 223,915 traders were liquidated, and the largest single liquidation order happened on Hyperliquid, valued at $31.64 million. Notably, more than half of the liquidations occurred in the past four hours, wiping out over $620 million since the morning. Around $422 million came from Bitcoin positions, while $160 million came from Ethereum positions. ETH Price In ‘Endless Range’ Amid the market correction, some analysts shared their perspective on ETH’s price action. Sjuul from AltCryptoGems highlighted Ethereum’s price range in the daily chart, where the altcoin has hovered over the past two months. According to the analyst, there isn’t a clear trend as Ethereum continues to trade within its “seemingly endless range” between $2,600 and $3,350. He suggested that investors should wait for a proper breakout above the upper boundary or a breakdown from the range lows before celebrating or worrying. Similarly, trader EliZ affirmed that ETH’s macro perspective doesn’t show either real strength or weakness, but “an enormous, forced equilibrium” on the longer timeframes. He pointed out that ETH “continues to move within well-defined boxes, above and below the same levels for months/years, without ever building a directionality that can be described as structural.” Related Reading: Prediction Markets On BNB Chain Explode As Trading Volume Crosses $20B Based on this, the trader asserted that without a successful move and confirmation from its key range, short-term efforts don’t signal a “change of regime. Only liquidity rotation.” “We are not in a bullish phase, nor are we in a bearish phase. We are in a macro stalemate, where the market decides not to decide. Until we see a clean and sustained breakout of the indicated boxes …or a net loss of the same …any strong narrative is just storytelling,” he concluded. As of this writing, Ethereum is trading at $2,798, a 5.3% decline on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum has slipped below the $3,000 level, extending a period of fragile price action as the broader crypto market remains cautious. While spot prices continue to struggle with overhead resistance, on-chain data points to a notable divergence between market sentiment and long-term positioning. According to data from Arkham, Bitmine has staked an additional 250,912 ETH—worth roughly $745 million—over the past 18 hours, adding to an already substantial locked position. Related Reading: Ethereum Leverage Remains At Record High: What Happens Next? This move brings renewed attention to the behavior of large, well-capitalized players during periods of price weakness. Staking activity of this magnitude suggests that some participants are prioritizing yield generation and long-term exposure over short-term price fluctuations. Rather than distributing holdings into market rallies, these entities are choosing to remove supply from circulation, tightening liquid availability while accepting reduced flexibility. The contrast is notable. Ethereum’s price is trading below a key psychological threshold, yet capital continues to flow into staking contracts at scale. This dynamic highlights the growing structural role of Ethereum’s proof-of-stake model, where investment decisions are increasingly driven by network participation and cash-flow–like returns, not only price appreciation. As Ethereum consolidates below $3,000, the key question is whether sustained staking demand can offset weak spot momentum, or if price will need to stabilize further before confidence returns across the broader market. Large-Scale Staking Tightens Liquid Ethereum Supply According to data from Arkham, Bitmine has now staked a total of 2,582,963 ETH, valued at approximately $7.67 billion. This represents about 61% of its total Ethereum holdings, a level that underscores how aggressively large holders are committing capital to long-term network participation rather than maintaining liquid exposure. This behavior is particularly notable given the current market context. Ethereum remains below the $3,000 level, volatility is elevated, and leverage metrics suggest fragile positioning among short-term traders. Despite this, Bitmine’s decision to stake a majority of its ETH indicates a clear preference for yield generation and balance-sheet efficiency over tactical trading. Staking effectively removes ETH from active circulation, tightening the available supply and capping sell-side pressure from these large wallets. At the same time, Ethereum balances held on exchanges have continued to trend lower, reinforcing the picture of constrained liquid supply. While declining exchange balances do not guarantee upward price movement, they do suggest that fewer coins are readily available to meet sudden sell demand. In this environment, price action becomes more sensitive to marginal flows, particularly during periods of stress or renewed demand. The combination of large-scale staking and shrinking exchange reserves points to a market where long-term holders are locking in exposure. Even as short-term sentiment remains cautious. Whether this structural tightening of supply translates into price support will depend on broader risk conditions and the return of sustained spot demand. Related Reading: OKX Launches Crypto Payment Card Across the European Economic Area ETH Consolidates Below Key Moving Averages Ethereum’s price action reflects a market caught between weakening momentum and an attempt to stabilize after a prolonged correction. On the daily chart, ETH is trading near the $2,900–$3,000 zone, a level that has acted as both psychological support and a pivot area in recent weeks. The rejection from higher levels earlier in the quarter confirmed a clear sequence of lower highs, keeping the broader structure tilted to the downside. From a trend perspective, ETH remains below its key moving averages. The 50-day average has rolled over and sits above the price. Reinforcing short-term bearish pressure, while the 100-day average continues to slope downward. Acting as dynamic resistance near the $3,200–$3,300 area. The 200-day moving average is still rising but flattening. Is positioned higher and signals that long-term trend support has not yet been reclaimed. Until ETH can close decisively above the 50- and 100-day averages, upside attempts are likely to remain corrective rather than impulsive. Related Reading: Bitcoin Derivatives Pressure Hits 30-Day Extreme, Price Refuses To Break Volume dynamics add context to this consolidation. Selling pressure during the latest pullback was notable but not extreme, suggesting distribution rather than panic. Since then, volume has contracted, consistent with a market entering a compression phase. This points to indecision rather than aggressive accumulation. Overall, ETH is consolidating below major resistance while holding a fragile support band near $2,800–$2,900. A sustained loss of this zone would expose downside risk. While any recovery requires a reclaim of key moving averages to shift the structure toward stabilization. Featured image from ChatGPT, chart from TradingView.com 

Ethereum price started a major decline after it failed to clear $3,050. ETH is down 10% and is now struggling to stay above the $2,700 support. Ethereum failed to stay above $2,880 and started a fresh decline. The price is trading below $2,800 and the 100-hourly Simple Moving Average. There is a steep bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,700 zone. Ethereum Price Dips 10% Ethereum price failed to remain stable above $2,880 and started a major decline, like Bitcoin. ETH price traded below $2,820 to enter a bearish zone. The bears even pushed the price below $2,750. A low was formed at $2,680 and the price is now showing bearish signs below the 23.6% Fib retracement level of the recent decline from the $3,040 swing high to the $2,680 low. There is also a steep bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,800 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,700, the price could attempt another increase. Immediate resistance is seen near the $2,765 level. The first key resistance is near the $2,820 level and the trend line. The next major resistance is near the $2,860 level and the 50% Fib retracement level of the recent decline from the $3,040 swing high to the $2,680 low. A clear move above the $2,860 resistance might send the price toward the $2,900 resistance. An upside break above the $2,900 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,820 resistance, it could start a fresh decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,680 zone. A clear move below the $2,680 support might push the price toward the $2,620 support. Any more losses might send the price toward the $2,550 region. The main support could be $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,700 Major Resistance Level – $2,820

Cryptocurrency markets have shown limited momentum this week, with both Bitcoin and Ethereum lingering in narrow price ranges. This price action comes on the heels of the US Federal Reserve’s decision to keep interest rates unchanged. Traders and investors appeared to have taken a wait-and-see approach, leaving the largest digital assets stuck in consolidation without any breakout in either direction. Fed Policy And Market Expectations The Federal Reserve chose to hold benchmark interest rates at 3.50-3.75% in its latest policy meeting on Wedensday, a decision that was largely anticipated by markets. Still, this meeting marked the first pause in policy easing since July 2025, ending a stretch where the central bank cut rates three times last year while assessing how the economy was responding to President Donald Trump’s combative fiscal and trade policies. Related Reading: Bitcoin Price Following The 2022 Fractal? Here Was The Previous Outcome By choosing to step back from further cuts, policymakers have now taken a more cautious stance before adjusting rates again. However, two governors dissented, preferring a quarter-point cut. Stephen Miran, as well as Christopher Waller, advocated for a 25-basis-point cut. The pause is continued caution about inflation and economic data, suggesting further easing won’t come without clear evidence of weaker economic conditions. In its statement, the Federal Reserve noted that the Committee is strongly committed to supporting maximum employment and returning inflation to its 2% objective. This kind of higher-for-longer message can dampen risk appetite, and cryptocurrencies, which are viewed as risk assets, are feeling the impact. Bitcoin And Ethereum Locked In Tight Consolidation Recent price action across Bitcoin and Ethereum continues to indicate a market stuck in indecision. Bitcoin briefly tested the psychological $90,000 level but failed to establish acceptance above it, slipping back into a narrow range around $87,000 to $89,000.  Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? A recent rejection at $90,000 has limited upside follow-through and has kept both buyers and sellers cautious, as neither side has been able to take control. This lack of momentum is also reflected in steady outflows from Spot Bitcoin ETFs, which witnessed $28.1 million in outflows in the past 24 hours. Ethereum has mirrored Bitcoin’s behavior almost step for step. The price broke above $3,000 very briefly in the past 24 hours, but it has since rejected and is back to trading around $2,900. This movement puts it oscillating within a tight band without delivering a decisive breakout or breakdown. Interestingly, Spot Ethereum ETFs, on the other hand, had $28.10 million in inflows in the past 24 hours. Although on-chain indicators like increasing wallet participation show underlying engagement, those signals have yet to translate into a sustained bullish momentum. Profit-taking near the $3,000 resistance and uncertainty have continued to restrict short-term gains. As it stands, both Bitcoin and Ethereum seem likely to remain confined to their current ranges until a stronger catalyst emerges. Featured image from iStock, chart from Tradingview.com

Ethereum price started a recovery wave above the $2,880 zone but it failed near $3,050. ETH is declining and might struggle to stay above $2,920. Ethereum failed to stay above $3,000 and started a fresh decline. The price is trading below $2,990 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,880 zone. Ethereum Price Dips Again Ethereum price managed to remain stable above $2,880 and started a recovery wave, like Bitcoin. ETH price was able to clear the $2,920 and $2,950 resistance levels. The bulls even pumped the price above $3,000. However, the bears remained active near $3,050. A high was formed at $3,040 and the price started another decline. There was a move below the 23.6% Fib retracement level of the recent upward move from the $2,784 swing low to the $3,040 high. Besides, there was a break below a bullish trend line with support at $3,000 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,980 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,920, the price could attempt another increase. Immediate resistance is seen near the $2,980 level. The first key resistance is near the $3,000 level. The next major resistance is near the $3,050 level. A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,180 resistance zone or even $3,200 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,880 zone or the 61.8% Fib retracement level of the recent upward move from the $2,784 swing low to the $3,040 high. A clear move below the $2,880 support might push the price toward the $2,820 support. Any more losses might send the price toward the $2,780 region. The main support could be $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,880 Major Resistance Level – $3,000

Ethereum is attempting to reclaim the $3,000 level as the broader crypto market remains trapped in a phase of uncertainty and uneven conviction. Price action suggests buyers are willing to defend key support zones, yet momentum remains fragile, with rallies struggling to extend meaningfully. This hesitation is occurring against a backdrop of elevated leverage and unstable derivatives behavior, which continues to shape short-term market dynamics. Related Reading: XRP Derivatives Reset: Open Interest Drops Nearly 60% From July Peak A recent report from CryptoQuant highlights a growing source of risk beneath the surface. Ethereum’s Estimated Leverage Ratio on Binance remains at a record high, with the 7-day simple moving average holding around 0.632. This indicates a heavy concentration of leveraged positions, leaving the market increasingly sensitive to sudden price swings and liquidation events. In parallel, order-flow data points to erratic trader behavior, reinforcing the view that the current structure lacks balance. The Taker Buy Sell Ratio illustrates this instability clearly. On January 25, the metric fell to 0.86, its lowest reading since September, signaling strong taker sell dominance. Shortly after, it rebounded sharply to 1.16, the highest daily level since February 2021, reflecting aggressive market buying. Such abrupt reversals underscore a market driven more by short-term positioning than by sustained directional confidence. Ethereum Consolidates as High Leverage Amplifies Volatility Risk The report explains that this abrupt shift in taker behavior is unfolding while Ethereum price action remains structurally weak. After failing to break above the $4,800 all-time high, ETH entered a prolonged corrective phase and is now consolidating near the $2,800 support zone. This level has become a short-term pivot, repeatedly absorbing selling pressure but failing to generate sustained upside momentum. The lack of follow-through highlights a market caught between defensive buyers and aggressive short-term traders. What makes this phase particularly sensitive is the interaction between price compression and elevated leverage. With Ethereum’s Estimated Leverage Ratio still near record highs, even modest price moves can trigger outsized reactions in the derivatives market. Rapid reversals in the Taker Buy Sell Ratio reinforce this fragility, signaling that positioning is flipping quickly rather than building in a stable, directional manner. Such conditions often precede sharp expansions in volatility rather than orderly trends. Under this setup, Ethereum appears highly dependent on a clear external or internal catalyst. Without a decisive shift in macro conditions, spot demand, or network-specific developments, price action is likely to remain reactive. Until conviction emerges on either side, the combination of high leverage and unstable order flow keeps the risk of sudden liquidations elevated, increasing the probability of abrupt and disorderly price movements around key technical levels. Related Reading: Bitcoin Derivatives Pressure Hits 30-Day Extreme, Price Refuses To Break Price Action Details: Testing Critical Resistance Ethereum’s price action reflects a market caught between stabilization and unresolved downside risk. On the daily chart, ETH is trading near $3,000 after several failed attempts to reclaim higher levels, highlighting this zone as a key psychological and technical pivot. Price remains below the 50-day and 100-day moving averages, both of which are sloping downward, reinforcing the idea that short- to medium-term momentum is still fragile. The 200-day moving average sits higher, near the mid-$3,500 area, acting as a clear marker of the broader trend deterioration since ETH failed to hold above $4,000. Related Reading: Bitcoin Breaks Below $87K As Political Risk Spikes – Liquidations Reveal The Real Driver ETH has transitioned from a strong impulsive uptrend into a wide consolidation range, bounded roughly between $2,800 and $3,400. The recent bounce from the lower end of this range suggests that buyers are still defending the $2,800 support zone, but volume remains muted compared to prior selloffs, indicating a lack of strong conviction on either side. Each rally attempt has so far produced lower highs, consistent with a corrective or distributional phase rather than a renewed trend. As long as ETH holds above $2,800, the market can argue for consolidation and base-building. However, a sustained break below that level would expose the downside toward the $2,500–$2,600 region. Conversely, reclaiming the $3,300–$3,400 area would be required to meaningfully improve the technical outlook. Featured image from ChatGPT, chart from TradingView.com 

The Bitcoin and Ethereum prices rallied after reports of the US dollar crashing spread across the market. Recent data show that the US dollar has fallen to its lowest level in four years, raising concerns about the strength of the world’s dominant reserve currency. As the dollar weakens, market players are beginning to shift attention to alternative assets such as precious metals and digital currencies, including BTC, which is increasingly viewed as a potential hedge against rising inflation and currency depreciation.  US Dollar Falls To Lows Not Seen In 4 Years New reports from Bloomberg highlight the relentless slide in the US dollar index (DXY) over recent weeks, with the price tumbling further after President Donald Trump’s comments on the currency’s performance. Sources reveal that Trump said the dollar is “doing great,” despite its ongoing downturn.  Related Reading: Analyst Says Chainlink Price Could Crash 50% If This Level Fails Traders interpreted the President’s seemingly indifferent response to the declining dollar as a signal that the slide could continue, triggering further selling pressure. Data from the web-based stock market research platform Finviz shows that, as of writing, the US dollar index has crashed to 95.92 from a previous level near 100. This marks its weakest level in nearly four years, specifically since 2022.  Additionally, Bloomberg reported that its Dollar Spot Index also recorded its lowest four-day decline since Trump announced new tariffs in April 2025. Traders in the $9.5 trillion per-day currency markets are also increasingly betting that the dollar could decline further, as US policy risks weigh on the world’s primary reserve currency.  Amidst the decline in the US dollar index, cryptocurrencies like Bitcoin and Ethereum are posting gains. BTC’s price rose above $89,000, while Ethereum has climbed more than 3% to reach above $3,000, in the past 24 hours. This simultaneous rally in cryptocurrencies alongside the weakening US dollar suggests that investors may be shifting capital to risk-on assets.  Market analyst ‘Master of Crypto’ recently outlined several reasons behind the continued decline in the weakening US dollar in a post on X. He explained that large budget deficits, the FED’s challenge of balancing inflation control with job market stability, steady bond supply, and FX hedging activities are keeping the US dollar near recent lows. According to him, in this type of market environment, holding idle cash becomes a significant risk for investors.  Related Reading: Here’s How Much XRP Ripple Execs Have Dumped So Far Possible Implications For The Bitcoin And Ethereum Price Historically, periods of US dollar weakness have often coincided with rallies in Bitcoin, and other cryptocurrencies. When the dollar declines, investors sometimes seek alternative assets to preserve value. This can increase demand for Bitcoin and Ethereum, which are viewed by many as alternative stores of value and risk-on assets.  While this correlation is not a clear indication of a potential cryptocurrency rally, analysts like ‘Milk Road Macro’ suggest that the declining dollar could help support a broader crypto market recovery. He said that as the dollar weakens, capital will flow into precious metals like gold and silver. Soon after, this same capital is expected to rotate into BTC, potentially fueling a price rebound.  Featured image created with Dall.E, chart from Tradingview.com

A Glassnode analyst has pointed out how Ethereum is retesting a dense supply cluster that could set the tone for where the cryptocurrency heads next. Ethereum Is Trading At A Dense Level On The CBD In a new post on X, Glassnode analyst Chris Beamish has talked about how Ethereum is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the total amount of ETH that investors last purchased at the various levels that the cryptocurrency has visited in its history. Related Reading: Bitcoin Social Interest Fades As Retail Chases Gold, Silver Hype Below is the chart shared by Beamish that shows the CBD heatmap for Ethereum. As is visible in the graph, Ethereum’s bottom in November gave rise to a dense supply cluster on the CBD around the $2,750 level. Interestingly, the zone has since acted as a support barrier for the asset multiple times. The explanation behind this trend could lie in investor psychology. Generally, investors are sensitive to a retest of their cost basis since it can lead to a flip in their profit-loss balance. As such, they can be likely to show some kind of move when one takes place. When the retest is occurring from above, the holders might react by accumulating more in order to defend their break-even level. This is the pattern that has potentially been witnessed since the November bottom. From the chart, it’s apparent that Ethereum retested the $2,750 supply zone twice in December and both times, the asset was able to rebound. Recently, a third retest has taken place and so far, the support has held, but it only remains to be seen how long the coin will maintain above it. “Holding here suggests absorption and base building, but a breakdown would move price into thinner support where underwater supply may derisk,” explained the analyst. Usually, regions where a large amount of supply shares a cost basis tend to act as notable sources of support/resistance. The $2,750 cluster might fall in this category, but that doesn’t make it unbreachable. “Next move hinges on this level,” noted Beamish. Related Reading: Stablecoin Market Cap Drops By $7 Billion—What It Means For Bitcoin In some other news, Ethereum has witnessed a decline in transaction fees recently, as highlighted by Glassnode in an X post. Following this drawdown, the transaction fees on the Ethereum blockchain has fallen to its lowest level since May 2017, a potential indication that network activity has gone down. ETH Price At the time of writing, Ethereum is trading around $2,950, down 1.5% over the last week. Featured image from Dall-E, chart from TradingView.com

Ethereum price started a recovery wave from the $2,800 zone. ETH is now trading near $3,000 and might aim for more gains if it clears $3,050. Ethereum managed to stay above $2,850 and started a recovery wave. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,970 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,880 zone. Ethereum Price Starts Recovery Ethereum price managed to remain stable above $2,850 and started a recovery wave, like Bitcoin. ETH price was able to clear the $2,900 and $2,920 resistance levels. The price cleared the 61.8% Fib retracement level of the downward wave from the $3,065 swing high to the $2,784 swing low. The price even surpassed the $3,000 level. A high was formed at $3,030 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $2,784 swing low to the $3,030 high. Ethereum price is now trading above $2,980 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2,970 on the hourly chart of ETH/USD. If the bulls remain in action above $2,970, the price could attempt another increase. Immediate resistance is seen near the $3,030 level. The first key resistance is near the $3,050 level. The next major resistance is near the $3,065 level. A clear move above the $3,065 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,180 resistance zone or even $3,200 in the near term. Another Rejection In ETH? If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,970 level. The first major support sits near the $2,950 zone. A clear move below the $2,950 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,825 region. The main support could be $2,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,950 Major Resistance Level – $3,050

The Ethereum price has struggled to regain momentum amid a persistent downtrend. After closing the last four months in the red, the world’s second-largest cryptocurrency is showing no signs of relief in January 2026. On-chain data shows that Ethereum’s current trajectory mirrors past cycle downturns, raising the possibility of further price declines and prolonged bearish sentiment.  Ethereum Price Nears Fifth Consecutive Month Of Losses Ethereum has been in a prolonged slump, marking its fourth straight month of losses in 2025. As the market navigates the final week of January, the cryptocurrency is poised to potentially close a fifth consecutive month in the red, a streak that would reinforce the ongoing bearish trend.  Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? On-chain data from CryptoRank shows that throughout 2025, Ethereum saw more red months than green ones. The cryptocurrency began the year with four consecutive months of decline from January to April, followed by a brief recovery in May, only to fall again in June. After this, ETH posted two months of gains, finishing July and August in the green. However, this recovery was short-lived, and since then, the cryptocurrency has been in a downtrend. During its most recent four-month decline, CryptoRanks reported that Ethereum closed September down by 5.59%. The downtrend accelerated at the end of November, with the cryptocurrency crashing by 22.2%, more than four times the decline of the previous monthly close. December 2025 saw another month in the red, though the drop was much smaller, at just 0.83%.  Now, in January 2026, Ethereum is still in a downtrend. On-chain data indicates the cryptocurrency has already fallen 1.78% this month, and shows no sure signs of a bullish reversal. Moreover, at the time of writing, ETH is trading above $2,900, reflecting a roughly 5.95% decline over the past week.  What A Red January Could Mean For ETH The last time Ethereum closed five consecutive months in the red was in 2018. That year, Ethereum significantly underperformed, recording gains in only 3 of 12 months. The cryptocurrency had posted continuous monthly losses, with November marking its steepest monthly decline at 42.5%.  Related Reading: Ethereum Funding Rates Pushing Towards Negative: What’s Going On? After the four-month closing streak, Ethereum’s downtrend persisted for another two months before experiencing a sharp but brief recovery in December 2018. Despite this temporary rebound, the cryptocurrency closed January 2019 in the red, falling 20%.  If history were to repeat itself in the current cycle, Ethereum could end January in a decline, similar to its 2018 performance. Interestingly, historical data shows that February has often been a bullish month for ETH. However, 2025 has seen declines from January through to April; it’s uncertain if Ethereum will follow past bullish patterns. For now, what is certain is that ETH’s price is down and would need a significant boost in its bullish momentum.    Featured image from iStock, chart from Tradingview.com

The second-largest cryptocurrency by market capitalization, Ethereum, appears to have quietly crossed an important critical threshold that has historically signaled major price expansions. While the Ethereum price action may still appear calm on the surface, underlying market structure and flow dynamics suggest a meaningful shift is underway. This type of transition typically occurs when accumulation replaces distribution, volatility compresses, and smart money positions ahead of broader market recognition. A Silent Shift That Usually Comes Before Violent Expansion Ethereum just crossed a quiet but massive threshold. Trader and investor Shuarix has mentioned on X that Zama has gone live with the first fully encrypted Initial Coin Offering (ICO) ever executed on the ETH mainnet, moving a confidential USDT and running a sealed-bid Dutch auction entirely on encrypted data. Related Reading: Ethereum Gains Institutional Support, Though ETH Price Outlook Remains Contested In just 3 days, more than $118 million was committed, over $100 million was shielded, and the auction was 218% oversubscribed with more than 11,000 verified bidders. At peak activity, the Zama application became the most-used app on ETH, surpassing both USDT and Uniswap during the event, with zero downtime and full ETH-level throughout. Crypto analyst Milk Road revealed that BitMine Immersion Technologies has made a large purchase of 40,302 ETH in a single move, which brings their total stack holdings to a massive 4,243,338 ETH, worth over $12.3 billion at the current price. In perspective, the company now controls 3.52% of the entire ETH circulating supply, and they’re not just letting it sit idle. According to Milk Road, BitMine has over 2 million ETH tokens already staked, generating $180 million in annualized rewards. This means the company is not just playing the buy-and-hold game, but compounding its position at scale, which is all well and good for BitMine. Meanwhile, this sustained buying pressure will help create a price floor for the long-term ETH holders. Furthermore, this move is the type of institutional accumulation that will keep ETH moving inside its ascending channel. Thus, this will help to pull the price back into that channel after the macro shocks temporarily push it out. “Below is the 2025 tariff shock. While the headlines try to muddy your view of things, this chart will tell the real story,” Milk Road noted. Accumulation Continues Despite Price Being Near Entry Levels The realized price of the Ethereum accumulation address is acting as a major support level. A crypto investor known as CW has also pointed out that ETH has only reached this realized price once in history, which is very similar to the current price range.  Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation However, the whale’s purchase price for ETH is not significantly different from the current price. Despite that, their ETH accumulation is increasing, indicating that whales still view the current price as fair value. This shows that they are preparing for an upward trend. Featured image from Adobe Stock, chart from Tradingview.com

On-chain analytics firm Santiment has pointed out how XRP and Ethereum are among coins sitting in the MVRV Ratio’s “undervalued” zone. 30-Day MVRV Is Negative For XRP & Ethereum In a new post on X, on-chain analytics firm Santiment has talked about where some notable cryptocurrencies like XRP and Bitcoin currently sit from the perspective of the 30-day Market Value to Realized Value (MVRV) Ratio. The MVRV Ratio is a popular indicator that tells us how the market cap of a given digital asset compares against its Realized Cap. The latter is an on-chain capitalization model that calculates the asset’s total value by assuming that the value of each individual token is equal to the spot price at which it was last transacted on the network. Related Reading: Dogecoin Wedge Breakout Could Be “Powerful,” Analyst Says In short, what the Realized Cap represents is the total amount of capital that the cryptocurrency’s investors have put into it. In contrast, the usual market cap is just the value that holders are carrying in the present. Since the MVRV Ratio takes the ratio of the two, it essentially provides a look into profitability among investors as a whole. In the context of the current topic, the MVRV Ratio of only a particular segment of traders is of interest: those who purchased within the past month. Below is the chart for this version of the MVRV Ratio shared by Santiment that shows its trend across five top coins: Bitcoin, Ethereum, XRP, Cardano, and Chainlink. As is visible in the graph, the 30-day MVRV Ratio has dropped into the negative region for all five of these cryptocurrencies recently, indicating that returns of the monthly buyers have gone into the red. The analytics firm considers assets to be “undervalued” when this condition forms. “A coin having a negative percentage means average traders you’re competing with are down money, and there is an opportunity to enter while profits are below the normal ‘zero-sum game’ level,” explained Santiment. Not all tokens with a negative value on the indicator provide an equal opportunity, however. “The lower a coin’s 30-day MVRV is, the less risk there is in opening or adding on to your position,” noted the analytics firm. Related Reading: Bitcoin Supply Overhang Likely To Cap Rallies Above $98,400, Glassnode Says Down to a value of -5%, Santiment defines cryptocurrencies to be in a “mildly undervalued” zone. Bitcoin has a 30-day MVRV value of 3.7%, so it falls inside this territory. Meanwhile, XRP and Ethereum have the metric sitting at -5.7% and -7.6%, putting them inside a stronger undervalued region. Out of the tokens in the chart, Chainlink’s 30-day buyers are currently in the most amount of pain with losses of 9.5%. XRP Price XRP dropped to a low of $1.8 on Sunday, but the asset has since bounced back above $1.9. Featured image from Dall-E, chart from TradingView.com

Ethereum price extended losses and tested the $2,800 zone. ETH is now recovering some losses and might aim for more gains if it clears $2,960. Ethereum remained in a bearish zone and traded below $2,960. The price is trading just above $2,900 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,880 zone. Ethereum Price Eyes Steady Recovery Ethereum price failed to remain stable above $2,920 and extended losses, like Bitcoin. ETH price declined below $2,860 and $2,840 to enter a bearish zone. The bears even pushed the price below $2,800. The price finally tested $2,780 and is currently attempting a recovery wave. There was a move above the $2,880 resistance zone. The price cleared the 50% Fib retracement level of the downward wave from the $3,066 swing high to the $2,784 swing low. Besides, there was a break above a bearish trend line with resistance at $2,910 on the hourly chart of ETH/USD. Ethereum price is now trading just above $2,900 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,850, the price could attempt another increase. Immediate resistance is seen near the $2,960 level or the 61.8% Fib retracement level of the downward wave from the $3,066 swing high to the $2,784 swing low. The first key resistance is near the $3,000 level. The next major resistance is near the $3,020 level. A clear move above the $3,020 resistance might send the price toward the $3,065 resistance. An upside break above the $3,065 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,150 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,960 resistance, it could start a fresh decline. Initial support on the downside is near the $2,880 level. The first major support sits near the $2,840 zone. A clear move below the $2,840 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,765 region. The main support could be $2,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,840 Major Resistance Level – $2,960

Ethereum saw a sharp breakdown below the $2,800 level before quickly bouncing and attempting to reclaim $2,900, but the recovery still looks fragile. The sudden dip exposed how thin demand has become at key support zones, and while buyers are trying to stabilize the price, momentum remains weak. With volatility rising and sentiment turning defensive, Ethereum is entering a pivotal stretch where the next few weeks could define the broader trend for 2026. Bulls need to reclaim lost ground quickly, but repeated failures to hold higher levels suggest the market is still vulnerable to deeper downside if support breaks again. Related Reading: Bitcoin Indicator Falls Back To Post-Bear Market Levels: Investors Approach A Key Decision Point Adding to the pressure, a key US institutional demand proxy is flashing a warning sign. The 30-day simple moving average (SMA30) of the Ethereum Coinbase Premium Index has dropped to −0.08, reaching its lowest level since early 2023. This index tracks the pricing gap between Ethereum’s USD pair on Coinbase and the USDT pair on Binance, and deep negative readings typically indicate ETH is trading at a discount on Coinbase—often interpreted as weaker demand from US-based institutional buyers. This divergence matters because positive Coinbase premiums historically support sustained upside trends in Ethereum. With that premium now at a multi-year low, ETH’s attempt to recover above $2,900 is happening without strong confirmation from US “smart money,” increasing uncertainty around the next move. Coinbase Premium Hits Multi-Year Low A CryptoQuant report highlights a key warning signal for Ethereum: the Coinbase Premium Index, which measures the price gap between ETH/USD on Coinbase and ETH/USDT on Binance. Because Coinbase is widely viewed as a proxy for US institutional activity, a deeply negative premium typically indicates ETH is trading at a discount where “smart money” is most active, while Binance—often driven by global retail and whale flow—holds relatively stronger pricing. In practical terms, this spread helps reveal where demand is coming from and whether capital flows are supportive of a sustained trend. The current downside in the premium suggests a clear lack of buying pressure from US institutions. Even if global markets on Binance are stabilizing Ethereum’s price in the short term, the absence of American demand creates a bearish divergence. This matters because positive premiums underpin major ETH rallies; they signal the US-based accumulation and deep spot demand that drive price extensions. Without that backing, rallies are more likely to fade, and rebounds can become vulnerable to renewed selling pressure. The report flags this historic premium low as a warning: despite global resilience, the market lacks the US momentum that typically fuels a strong, immediate reversal. For bulls, the priority is not only reclaiming key price levels, but also seeing confirmation through premium recovery. Related Reading: Bitcoin Stuck In Bear Mode For 83 Days: Trend Pulse Confirms Structural Weakness Ethereum Attempts To Stabilize After Sharp Breakdown Ethereum is trading near $2,897 after a sharp breakdown below $2,800 that quickly reversed, allowing price to rebound back toward the $2,900 area. While the bounce suggests buyers are still defending the lower end of the current range, the overall structure remains weak. ETH has been trending lower from its late-2025 highs, and recent recovery attempts continue to fade before triggering a sustained reversal. Technically, Ethereum is still trading below its key trend averages, which keeps pressure on bulls. The 50-period moving average (blue) is positioned above the price and is beginning to roll over, signaling weakening short-term momentum. Related Reading: XRP Distribution Phase Continues, But Funding Rates Suggest Shorts Are Overextended The 100-period moving average (green) is also above current levels and sloping downward. This reinforces that traders are selling into rallies rather than following them with fresh demand. Together, these moving average bands have become a clear resistance zone that ETH must reclaim to shift the trend back in favor of buyers. At the same time, the 200-period moving average (red) remains below the price and continues to rise gradually, acting as a long-term structural support reference. As long as ETH holds above this curve, the move looks more like a corrective phase than a full macro breakdown. For bulls, the immediate objective is reclaiming $3,000, then pushing toward $3,150–$3,250 to challenge the 50/100 MA zone. If ETH fails to stabilize, downside risk remains open toward $2,750–$2,800. Featured image from ChatGPT, chart from TradingView.com 

World Liberty Financial (WLFI), a crypto project backed by US President Donald Trump, moved a chunk of its Bitcoin exposure into Ethereum this week. Reports say the group sold wrapped Bitcoin holdings and picked up a large amount of Ether in the same set of transactions. Related Reading: Money Keeps Leaving: Bitcoin ETFs Shed $1.72 Billion In Just 5 Sessions WLFI Moves From WBTC To ETH According to blockchain trackers, about 93.77 WBTC was sold, which worked out to roughly $8 million at the time of the swap. The proceeds were used to buy around 2,868 ETH, with an average price of about $2,813 per unit. The trade was executed from a wallet that on-chain analysts link to WLFI’s treasury. That wallet activity was visible on public ledgers and has been shared across several crypto news sites and data monitors. Onchain Data And Market Context Prices were modestly lower for ETH when the purchase happened, which some traders see as a buying chance. Reports say this move comes as Ethereum trading ranges have made some holders rethink where to park large sums. The World Liberty Finance (@worldlibertyfi) has sold 93.77 $WBTC ($8.07M) for 2,868.4 $ETH at a price of $2,813. Address: 0xee7f7f53f0d0c8c56a38e97c5a58e4d321a174dc Data @nansen_ai pic.twitter.com/yhh7IvYLLz — Onchain Lens (@OnchainLens) January 26, 2026 WBTC is a tokenized form of Bitcoin that inhabits the Ethereum chain, so swapping it for native ETH changes how those funds can be used within decentralized finance. The funds were moved through a public wallet tied to WLFI. This was confirmed by on-chain evidence that was circulated by data platforms. Strategic Reasons Behind The Shift Several reasons could explain the swap. Holding ETH gives direct access to smart contracts, staking, and DeFi tools that WBTC cannot offer on its own. Some market watchers think WLFI may be positioning to use ETH for on-chain services, staking, or profit from future network activity. Others suggest it could be a way to rebalance risk between stores of value and utility tokens. Reports say no single motive can be proved from the chain itself, only the movement of funds. Reaction And Broader Signals Traders reacted with curiosity rather than panic. Prices barely moved on the news, showing the market may have already priced in similar flows. Smaller investors watched closely because such a swap by a high-profile, politically linked project draws attention. The wallet activity was tracked publicly, and analysts noted the timing matched a period of calmer ETH price action. Related Reading: XRP Charts Flash Familiar Signal As Analyst Calls For $11, Then $70 What This Could Mean For Investors Reports note that big reallocations like this can change short-term sentiment, though they do not always lead to lasting rallies. For holders who prefer simplicity, swapping WBTC for ETH changes the way capital can be used, moving from a Bitcoin peg to native network participation. Featured image from Unsplash, chart from TradingView

SharpLink CEO Joseph Chalom argues that macro uncertainty is hiding a massive institutional shift toward Ethereum-based tokenization.

Ethereum remains under pressure in a key support zone, teetering between a potential rebound and further decline. While bullish patterns like the cup-and-handle and ascending triangle are shaping up, confirmation is required before any decisive move. Last Defense Zone: $2,274–$2,104 And The Libra Reversal Setup Kamile Uray shared that Ethereum is currently trying to hold above the critical support zone between $2,775 and $2,623. This area has become a key battleground for bulls and bears, with buyers attempting to defend it to prevent further downside. If this support continues to hold, ETH could regain short-term stability and make another attempt to move higher. Related Reading: Ethereum Loses Structure After $3,220 Rejection — Is This Distribution Or Just The First Crack? On the upside, a sustained bounce from this zone could allow Ethereum to revisit the pink box resistance around the $3,445 level. A clean breakout above this resistance would activate bullish structures such as a cup-and-handle or an ascending triangle, signaling growing bullish momentum and opening the path toward the $3,894 level. However, this becomes possible if ETH manages to close above the $3,661 peak, confirming the formation of the first major high. The $3,894 level carries technical significance, as it represents the 0.618 Fibonacci retracement of the most recent downward wave. A decisive close above this level would suggest continuation of the recovery. Failure to hold above it, however, could trigger renewed selling pressure and lead to another corrective move lower. On the downside, if Ethereum loses the $2,623 support, a deeper decline toward the pink box zone between $2,274 and $2,104 would become likely. This area is notable for the potential formation of a bullish Libra pattern. Should reversal confirmation emerge from this zone, ETH could attempt another recovery phase, with the broader objective of retesting its previous highs. Waiting For Confirmation: ETH’s Next Move Depends On Price Action Ethereum is currently following the trajectory outlined by Crypto Candy in a recent update on X. As predicted, the asset dipped into the lower support range between $2,600 and $2,700 and is now attempting to stage a recovery from the zone. Should this upward momentum persist, the immediate objective for bulls is a return to the $3,070 level. Related Reading: Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally However, for Ethereum to firmly re-enter bullish territory and shift the broader market structure, it must close decisively above the $3,070 threshold. This level serves as the primary gateway for any sustained recovery beyond the current relief rally. Until that breakout occurs, the prevailing market bias remains firmly bearish, as the failure to reclaim and hold above $3,070 suggests that the path of least resistance is still to the downside, with lower price points remaining the primary expectation for the short term. Featured image from Pexels, chart from Tradingview.com

Ethereum price extended losses and traded below the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $2,920. Ethereum remained in a bearish zone and traded below $2,950. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,800 zone. Ethereum Price Dips Further Ethereum price failed to remain stable above $2,950 and extended losses, like Bitcoin. ETH price declined below $2,880 and $2,865 to enter a bearish zone. The bears even pushed the price below $2,840. The price finally tested $2,800 and is currently consolidating losses. There was a minor upside above the 23.6% Fib retracement level of the downward wave from the $3,067 swing high to the $2,784 swing low. Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,800, the price could attempt another increase. Immediate resistance is seen near the $2,920 level. There is also a bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD. The first key resistance is near the $2,960 level or the 61.8% Fib retracement level of the downward wave from the $3,067 swing high to the $2,784 swing low. The next major resistance is near the $3,000 level. A clear move above the $3,000 resistance might send the price toward the $3,065 resistance. An upside break above the $3,065 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,150 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,920 resistance, it could start a fresh decline. Initial support on the downside is near the $2,840 level. The first major support sits near the $2,800 zone. A clear move below the $2,800 support might push the price toward the $2,780 support. Any more losses might send the price toward the $2,720 region. The main support could be $2,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,800 Major Resistance Level – $2,920

Recent remarks from BlackRock CEO Larry Fink have pointed toward the need for a single, unified blockchain for tokenized markets, and have intensified the focus on platforms capable of handling institutional-scale liquidity, compliance, and settlement. With its long track record in smart contracts, extensive developer ecosystem, and growing role in regulated financial products, Ethereum is now emerging as the most likely candidate to serve as the settlement layer for tokenized capital markets. Why Asset Managers Prefer Familiar Infrastructure In an X post, the Ethereum Daily shared a video in which BlackRock CEO Larry Fink made it clear that tokenization is necessary. Speaking at the World Economic Forum, Fink said the financial system must move rapidly toward digitization, adding that a single, common blockchain could reduce corruption and improve transparency across the global markets. Related Reading: Ethereum Gains Institutional Support, Though ETH Price Outlook Remains Contested While Fink did not name a specific network, the most plausible candidate could be ETH, based on BlackRock’s own initiatives and public statements that emphasized the role of ETH in asset tokenization. The firm has consistently highlighted ETH as a core platform for its on-chain strategy. Meanwhile, BlackRock launched its BUIDL tokenized money market fund directly on ETH, a product that has already grown to over $2 billion in total value locked. “There’s no second best,” Ethereum Daily noted. In the staking space, Bitmine has turned Ethereum staking into a multi-billion-dollar business. An analyst known as Milk Road has revealed that the company now has 1.83 million ETH staked, worth roughly $6 million at current prices, and plans to scale that figure toward 4.2 million ETH over time. Over the past months, Bitmine Immersion Technologies Inc. (BMNR) has accounted for nearly 50% of all new ETH entering the staking queue. Staking at this scale is important because it removes ETH from the liquid supply and locks it into long-term infrastructure rather than keeping it for short-term trading. When one player is willing to commit billions of dollars worth of ETH to staking, it reflects confidence in ETH’s future economic prospects. A lower liquid supply, combined with sustained network demand, will create structural pressure over time. How Support Built Through Multiple Market Cycles Analyst Milk Road has also highlighted that Ethereum is holding near a critical support zone around $3,000, hovering just above the lower boundary of its long-term rising structure, an area that has acted as a stress test for ETH throughout the cycle. Historically, when ETH drifts into this area, the market will need to decide whether the weakness is temporary or structural. Related Reading: Ethereum Maintains Structural Strength Despite Resistance Near $3,400 The $2,750 level remains the key line because it has repeatedly stopped downside pressure after macro-driven or narrative-driven pullbacks, making it a reliable floor for the broader trend. As long as ETH holds above that level, the broader multi-year uptrend will remain intact. Featured image from iStock, chart from Tradingview.com

"Shark Tank" investor Kevin O'Leary is pivoting his crypto strategy from tokens to energy infrastructure, declaring that power generation is now the real prize.

Ethereum is currently trading under pressure after failing to push above the $3,000 level again over the past 24 hours, a move that is reflecting trader sentiment across the derivatives markets. ETH is currently trading at $2,925, down 2.7% on the day, after moving within a 24-hour range capped at $3,012.99 and finding lows around $2,909.60, according to price data from CoinGecko.  As price action weakens, a notable change has been developing, with on-chain data showing funding rates drifting toward negative territory and derivative positioning beginning to tilt more defensively. Funding Rates Slide As Shorts Gain Ground Ethereum’s failure to hold above $3,000 is an important psychological break for traders, especially after several failed attempts to hold above that level in January. Price action over the past week shows sellers maintaining control after ETH rejected around $3,360 on January 18, followed by a steady push lower toward the high-$2,900s.  Related Reading: The Ethereum MACD Crossover That Could Lead To A Massive Bull Wave Although the pullback has so far been orderly above $2,900, this decline has come alongside fading momentum across the derivatives market. One of the clearest signals for this can be seen in Ethereum’s OI-weighted funding rate, which has been steadily compressing and is now edging toward negative levels. At the time of writing, Ethereum’s OI-weighted is at 0.0008%, close to breaking into negative territory and far below readings around 0.009%, which it registered earlier in the month. Funding rates turning negative typically indicate that short positions are paying longs, meaning stronger demand for downside exposure. Funding spikes that previously accompanied the price rebound in early January have faded, and the overall trend suggests bearish positioning is slowly gaining the upper hand. Open Interest, Liquidations, And What’s Next Although Ethereum’s price action fell below $3,000, derivatives traders have stayed in the market, keeping total open interest at high levels. Data from CoinGlass shows aggregate Ethereum open interest increasing by 0.68% in the past 24 hours, which shows that many traders are not exiting Ethereum entirely. At the time of writing, the total open interest is sitting at about 13.36 million ETH, equivalent to roughly $39.19 billion. Related Reading: Ethereum’s 4-Hour Chart Says A Big Dump Is Coming, Here’s The Target Looking across major exchanges, Binance has the largest share of ETH open interest, accounting for about $8.95 billion, but it is down by 0.8% in the past 24 hours. CME follows with approximately $5.73 billion in open interest, up by 3.72% in the past 24 hours. Gate comes next at around $4.01 billion, while MEXC comes in close at $3.51 billion worth of ETH open interest. Over the past 24 hours, Ethereum liquidations totaled $64.34 million, with long positions ($52.52 million) accounting for the majority of losses. A hold above $2,900 could allow Ethereum’s funding rates to normalize and open the door for another rebound attempt to $3,000. However, a continued fall in funding rates into negative territory could see bearish control pushing Ethereum below $2,900. Featured image from Pexels, chart from Tradingview.com

Crypto researcher Axel has provided insights into why the Bitcoin, Ethereum, and Solana prices are still crashing. This comes as BTC continues to see a supply overhang, which threatens to put more downward pressure on crypto prices.  Why The Bitcoin, Ethereum, and Solana Prices Are Still Crashing In a research report, Axel noted that anomalous exchange inflows accompanied the BTC breakdown below the $90,000 zone as sellers prepared in advance. The market is also still at risk of further selling pressure as the 1.0 level of the short-term holders’ SOPR is now acting as a resistance rather than support. As such, there is a possibility that Bitcoin, Ethereum, and Solana prices will decline further.  Related Reading: Altcoin Season In Q1? Bitcoin, Ethereum Breakdown Maps Out Performance Further commenting on Bitcoin netflows into exchanges, Axel noted that between January 20 and 21, almost 17,000 BTC flowed into exchanges, coinciding with BTC dropping to as low as $87,000, while Ethereum and Solana prices also dropped. The crypto researcher explained that these anomalously high values followed a period of predominantly negative netflow in the first half of this month.  In the context of the falling Bitcoin price, Axel stated that such a spike is more likely to reflect supply preparation than neutral transfers. In other words, the breakdown below $90,000 appears to be structural rather than emotional. Meanwhile, Bitcoin netflow returned to neutral levels yesterday, but the accumulated inflow still creates a supply overhang, which could lead to further declines in the prices of Bitcoin, Ethereum, and Solana.  Axel noted that a signal of improvement would be if netflow turns negative again amid rising prices, which could indicate that the overhang has cleared. However, with the short-term holders’ 7-day SMA SOPR below 0.996, the crypto researcher suggested that BTC faces increased selling pressure on every recovery as these holders look to sell at breakeven. He added that a reversal trigger could be confirmed if the SOPR breaks above 1.0 from below, with the 7-day SMA holding unity for three to five days to filter out false spikes after the selloff.  Why A Break Above $100,000 Looks Unlikely For Now In its latest research report, on-chain analytics platform Glassnode explained that a Bitcoin rally above $100,000 looks unlikely for now as the supply overhang persists. They noted how this overhang supply above $98,000 remains the dominant sell-side force capping short to mid-term rebounds.  Related Reading: Bitcoin Price Following The 2022 Fractal? Here Was The Previous Outcome Alluding to the Unspent Realized Price Distribution metric, Glassnode noted that the recent BTC rally has partially filled the prior air gap between $93,000 and $98,000, driven by redistribution from top buyers into newer market participants.  However, the unresolved supply overhang is expected to likely cap attempts above the $98,400 short-term holders’ cost basis and the $100,000 level. A meaningful and sustained acceleration in demand momentum is said to be required for a clean breakout above $100,000 to occur. Featured image from iStock, chart from Tradingview.com

As the crypto market faces uncertainty and continues in a consolidation phase, market expert Sam Daodu has issued a report examining the potential for XRP, Ethereum (ETH), and Solana (SOL) to emerge as frontrunners if a new altcoin season arises in 2026.  XRP, ETH, And SOL Price Forecasts Daodu began his analysis by pointing out that Bitcoin’s (BTC) dominance is currently hovering around 59%, alongside an Altcoin Season Index reading of 55. These indicators suggest that 2026 could herald a substantial rotation towards altcoins, mirroring significant shifts experienced during cycles in 2016-2017 and 2020-2021. The expert outlines several bullish scenarios for each. For XRP, he envisions a potential surge past the $6-$8 range if exchange-traded fund (ETF) inflows maintain a monthly average exceeding $400 million and RippleNet continues to expand its influence in global banking.  Related Reading: ‘I’m Very Bullish’: Ripple CEO Forecasts Record Performance For Crypto In 2026 ETH, on the other hand, could see itself climbing toward $12,000-$18,000 if Layer 2 (L2) adoption unlocks broader usage and ETF inflows rebound.  Daodu highlights that active addresses are at cycle highs, indicating organic demand that may translate to higher prices once institutional sentiment shifts positively. For SOL, the outlook is similarly optimistic. Solana might rocket to the range of $500-$800 if its transaction finality of 150 milliseconds and low fees attract a new wave of applications. Additionally, the rise in ETF filings could lead to significant capital inflows. Potential Risks Ahead  In more stable scenarios, Daodu suggests that XRP might consolidate between $2.50-$3.50 if institutional adoption progresses steadily without dramatic catalysts.  He also speculates that Ethereum could trade within the range of $5,000-$9,000, benefiting from consistent demand driven by staking yields and decentralized finance (DeFi) growth. Meanwhile, Solana might trend between $200-$350, assuming that developer growth and retail adoption continue at their current pace without major breakthroughs.  However, Daodu cautions that XRP could fall below $1.50 if demand for ETFs wanes or if regulatory uncertainties arise. Similarly, ETH could fall below $2,500 if scalability issues arise or if regulatory challenges become more pronounced. SOL could drop below $100 if outages persist or if it faces increased competition from other Layer 1 platforms. What AI Models Anticipate AI predictions provide additional insight into the expected performance of these altcoins. For XRP, forecasts vary significantly, with ChatGPT estimating a range of $0.80-$3.00, while Grok presents a more bullish outlook with a target of $1.50-$6.00.  Related Reading: Crypto Boom Ahead? Pantera Capital Pinpoints Major Catalysts For 2026 Success Ethereum’s AI predictions show a range of $3,000-$9,000 from ChatGPT, while Gemini anticipates a high of $7,000-$18,000 through increased tokenization.  Lastly, Solana’s predictions range from $120-$350 from ChatGPT to a more optimistic $300-$800 from Gemini, depending on the growth of consumer applications. XRP was trading at $1.93 at the time of writing, down 2% in the previous 24 hours. ETH traded at roughly $2,952, while SOL traded at $128, both experiencing comparable declines during the same time period.  Featured image from DALL-E, chart from TradingView.com  

The new feature allows U.S. users to borrow USDC against cbETH while keeping their staked ETH exposure intact.

Ethereum price started a minor recovery wave from the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $3,050. Ethereum started a consolidation phase below $3,050. The price is trading below $3,040 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,900 zone. Ethereum Price Aims Recovery Ethereum price failed to remain stable above $3,050 and extended losses, like Bitcoin. ETH price declined below $3,000 and $2,920 to enter a bearish zone. The bears even pushed the price below $2,880. The price finally tested $2,865 and is currently consolidating losses. There was a minor upside above the 23.6% Fib retracement level of the downward wave from the $3,365 swing high to the $2,865 swing low. Besides, there was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,040 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,900, the price could attempt another increase. Immediate resistance is seen near the $3,050 level. The first key resistance is near the $3,110 level or the 50% Fib retracement level of the downward wave from the $3,365 swing high to the $2,865 swing low. The next major resistance is near the $3,175 level. A clear move above the $3,175 resistance might send the price toward the $3,220 resistance. An upside break above the $3,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,280 resistance zone or even $3,300 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,910 level. The first major support sits near the $2,880 zone. A clear move below the $2,880 support might push the price toward the $2,865 support. Any more losses might send the price toward the $2,820 region. The main support could be $2,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,880 Major Resistance Level – $3,050

Nearly equal losses across long and short positions showed traders were wrong-footed as crypto prices swung violently within hours.

Ethereum price started a fresh decline from the $3,000 resistance. ETH is now consolidating losses and might aim for a recovery if it clears $3,120. Ethereum started another decline and traded below $2,920. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,900 zone. Ethereum Price Attempts Recovery Ethereum price failed to remain stable above $3,050 and started a fresh decline, like Bitcoin. ETH price declined below $3,020 and $3,000 to enter a bearish zone. The bears even pushed the price below $2,920. The price finally tested $2,865 and is currently consolidating losses. There was a minor upside above the 23.6% Fib retracement level of the recent downward move from the $3,366 swing high to the $2,865 swing low. Besides, there was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,050 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $2,900, the price could attempt another increase. Immediate resistance is seen near the $3,065 level. The first key resistance is near the $3,100 level. The next major resistance is near the $3,120 level and the 50% Fib retracement level of the recent downward move from the $3,366 swing high to the $2,865 swing low. A clear move above the $3,120 resistance might send the price toward the $3,175 resistance. An upside break above the $3,175 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,300 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,065 resistance, it could start a fresh decline. Initial support on the downside is near the $2,980 level. The first major support sits near the $2,900 zone. A clear move below the $2,900 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,780 region. The main support could be $2,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,900 Major Resistance Level – $3,065