NewsBTC
Jan 7, 2026
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Ethereum Price Rises Above $3,200, Eyeing Further Gains

Ethereum's price has shown a steady upward trend, surpassing $3,200 and currently consolidating gains. Key points include:

  • ETH is trading above $3,220 and the 100-hourly Simple Moving Average.
  • A bullish trend line provides support at $3,200 on the ETH/USD hourly chart.
  • The price could continue its ascent if it surpasses the $3,265 resistance zone.

Current Price Dynamics

  • The price peaked at $3,299 and is now consolidating.
  • It tested the 50% Fib retracement from the recent rise between $3,181 and $3,299.
  • Immediate resistance levels are at $3,265, $3,280, and $3,300.

Ethereum Price

An upside break above $3,300 could push ETH towards $3,350, with potential further gains up to $3,450 or $3,500.

Potential Downside Risks

  • If ETH fails to breach $3,265, a decline might ensue.
  • Initial downside support is near $3,220 and the 61.8% Fib level of the recent upswing.
  • Major support exists at $3,200, with further losses possibly leading to $3,120 or $3,050.

Technical Indicators

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Above the 50 mark.
  • Major Support Level: $3,200
  • Major Resistance Level: $3,265