Jan 16, 2026
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Ethereum Holds Above $3,280 as Bulls Eye Fresh Increase
Ethereum Price Update
- Ethereum surged past the $3,350 resistance and is now consolidating above $3,280.
- A bullish trend line is forming with support at $3,280 on the ETH/USD hourly chart.
- The price faces immediate resistance near $3,320, with further key resistances at $3,350 and $3,385.
- A breakout above $3,385 could lead to a rise toward $3,450, potentially reaching $3,500-$3,550.
Potential Downside for Ethereum
- If unable to surpass $3,320, Ethereum may decline.
- Initial support lies at $3,280, followed by stronger support at $3,260 and the 100-hour SMA.
- A drop below $3,260 could drive the price to $3,220 or even $3,150.
Technical Indicators
- Hourly MACD: Losing momentum in the bullish zone.
- Hourly RSI: Below the 50 mark.
- Major Support Level: $3,280
- Major Resistance Level: $3,385
