NewsBTC
Jan 6, 2026
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Ethereum Price Rises Above $3,200 Amid Bullish Trend

Ethereum's price is on an upward trajectory, consolidating gains above $3,200. Key points include:

  • Ethereum rose above $3,050 and is trading over $3,200, supported by the 100-hourly Simple Moving Average.
  • A bullish trend line provides support at $3,185 on the ETH/USD hourly chart.
  • Resistance levels are at $3,240, $3,250, and $3,265. A clear move past $3,265 could propel the price to $3,350 and potentially $3,450 or $3,500.

Ethereum Price

Potential Downside for Ethereum

  • If unable to breach $3,250 resistance, Ethereum may decline.
  • Support levels are at $3,200 and $3,185. A drop below these could lead to further declines towards $3,120 or $3,050.

Technical Indicators:

  • The MACD for ETH/USD shows waning momentum in the bullish zone.
  • The RSI for ETH/USD remains above 50.
  • Major Support Level: $3,185
  • Major Resistance Level: $3,250