Jan 15, 2026
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Ethereum Faces Major Resistance Test as Analysts Predict Bullish Momentum
Ethereum (ETH) recently broke past the $3,400 level, marking a significant move as it attempts to establish this area as support. This follows a 6% increase in its price from $3,100. Analysts believe Ethereum could continue its upward trend.
Key Points
- Ethereum has been fluctuating between $3,000 and $3,300 but closed above this range, testing it as support.
- Analyst Michaël van de Poppe noted that ETH holds above its 21-day Moving Average since January 1, crucial for maintaining momentum.
- Daan Crypto Trades mentioned ETH is in a "big test," needing to break out of its $2,600-$3,300 range to determine its next move.
- The 200-day EMA at $3,350 is a key resistance; breaking above could lead to a rise towards the $3,600 area.
Potential for Higher Growth
- Crypto Jelle suggests ETH looks strong against both Bitcoin and the US Dollar, with potential movement towards the $4,000 barrier.
- Alex Wacy highlighted a major rotation for ETH, comparable to its 2018 breakout, with significant capital entering the market.
- ETH exhibits a similar pattern as its previous multi-year accumulation against BTC, indicating the possibility of a substantial surge.
Currently, Ethereum trades at $3,375, reflecting a 5% weekly increase.
