Ethereum, trading around 3.291 dollars while maintaining its uptrend, is approaching the critical resistance at 3.358 dollars with a 2.48% correction in the last 24 hours. RSI at the 60.90 level is giving neutral-bullish signals, while Supertrend’s bearish warning is keeping traders cautious – if this level breaks, the 4,000 dollar target could come back into play.
Market Outlook and Current Situation
The Ethereum market is in a strong position within the overall uptrend framework of the crypto ecosystem. The current price is at the 3.291,47 dollar level and traded in the 3.273,72 – 3.384,34 dollar range over the last 24 hours. Despite a daily 2.48% decline, volume remains solid at 20.55 billion dollars, indicating that the market is supported in terms of liquidity. The long-term uptrend is gaining momentum thanks to Ethereum’s smart contract ecosystem and growth in layer-2 solutions. However, the short-term correction movement is synchronized with fluctuations in Bitcoin dominance.
Looking at multi-timeframe (MTF) analysis, a total of 14 strong levels were identified across the 1D, 3D, and 1W charts: 3 supports/1 resistance on 1D, 1 support/3 resistances on 3D, and 3 supports/3 resistances confluence on 1W. This distribution signals that the uptrend is healthy but there is significant resistance accumulation on the upside. Ethereum has managed to stay above EMA20 (3.146,92 dollars), confirming the short-term bullish bias. With no significant breaking news flow, technical factors are taking center stage. Investors can review their positions using detailed data from the ETH Spot Analysis pages.
Market-wide, Ethereum’s share in DeFi and NFT volumes is increasing, while ETF flows and institutional interest are among the key drivers of the uptrend. Still, macroeconomic uncertainties – such as the Fed’s interest rate policies – could increase short-term volatility. The current positioning gives traders both opportunity and trap signals; the strength of the uptrend will be tested.
Technical Analysis: Key Levels to Watch
Support Zones
Support zones will play a critical role in potential pullbacks. The strongest support is at the 3.037,5380 dollar level (score: 71/100), which stands out as a pivot point on the 1D timeframe and elicited a reaction when recently tested. Immediately above it is 3.285,7264 dollars (score: 70/100); its proximity to today’s low of 3.273 dollars makes this area the first line of defense for a quick recovery. In the event of a deeper correction, 2.623,5700 dollars (score: 62/100) comes into play – this is the main support on the 1W timeframe and forms the base of the uptrend.
These supports align with Fibonacci retracement levels and volume profiles. For example, the area around 3.037 dollars corresponds to the 38.2% retracement of the November 2025 rally. If price drops to these zones, it would be useful to monitor increases in open interest in futures contracts via ETH Futures Analysis; high liquidation risk could attract dip buyers.
Resistance Barriers
On the resistance side, the most critical level is 3.358,7919 dollars (score: 88/100), very close to today’s high of 3.384 dollars. This barrier shows confluence on the 3D and 1W timeframes, and breaking it could accelerate the uptrend. The Supertrend indicator also flags 3.687,29 dollars as additional resistance, making this area dangerous alongside its bearish signal. Overcoming 3.358 is essential to reach higher targets.
In historical context, these resistances align with December 2025 peaks; breaking them without volume increase looks difficult. Traders should not overlook short squeeze potential at these levels.
Momentum Indicators and Trend Strength
RSI at 60.90 is maintaining neutral-bullish momentum without approaching the overbought region (70+). This indicates the uptrend is sustainable, but caution is needed against divergence risk. The MACD histogram is positive and confirms the bullish crossover; the distance above the signal line is widening, signaling strengthening momentum. Staying above EMA20 confirms the short-term trend’s solidity.
Supertrend’s bearish status is a warning; this indicator, used as a trailing stop-loss, highlights the 3.687 resistance. In MTF, the 1W uptrend continues, while there’s slight weakening on 1D. According to the volume profile, buyers remain dominant, but volume increase on the down day shows sellers are active. Overall trend strength is medium-high via ADX (around 28); the uptrend is not fragile but consolidation is possible.
These indicators paint a balanced picture: Bullish bias dominates, without overextension. A healthy setup for long-term investors, offering volatility opportunities for scalpers.
Risk Assessment and Trade Outlook
From a risk/reward perspective, the bullish scenario targets 4,000 dollars, 21.5% above the current price – an attractive 1:3 R/R ratio in case of resistance breakout. On the bearish side, a 2,000 dollar target implies a 39% drop; while holding at initial supports is likely, macro risks (e.g., BTC dominance increase) could trigger this scenario. With low volatility (ATR ~150 dollars), sudden spikes should be expected.
Positive outlook: Breaking 3.358 flips Supertrend and opens the path to 4,000; layer-2 growth as catalyst. Negative scenario: Breaking 3.285 support leads to quick slide to 3.037 and questions the uptrend. Traders should position stop-losses below supports and targets above resistances. Overall outlook is uptrend-friendly but cautious; position sizes should be adjusted to volatility. Risk management always comes first.
Since market dynamics can change rapidly, continuous monitoring is essential. This analysis provides a data-driven framework while balancing the probability of each scenario.
Source: https://en.coinotag.com/analysis/eth-january-15-2026-critical-resistance-test-as-uptrend-continues
