Jan 5, 2026
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Ethereum Price Surpasses $3,000, Analysts Warn of Overbought Levels
Ethereum's price has reclaimed the $3,000 level, rising over 6% in a day. However, it is now considered overbought, indicating potential bearish trends.
Key Points
- Ethereum reached overbought levels, as per crypto analyst SignalProvider on TradingView.
- The Ethereum price remains above $3,100, but the market shows weakness.
- If the price declines, $3,028 could act as a support for future uptrends.
Potential Bullish Outlook
- Another analyst suggests a bullish scenario if Ethereum breaks out from the $3,100 level.
- The lower bound of the channel provides support above $3,000, keeping the bullish trend intact.
- A breakout could lead to prices reaching $3,600, the top of the current ascending channel.
- Without a breakout, expect more sideways movement as the price consolidates.
