Jan 26, 2026
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Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation
Ethereum is currently facing pressure at a key support zone, positioned between potential recovery and further decline. Bullish patterns like cup-and-handle and ascending triangle are forming but require confirmation.
Key Support and Resistance Levels
- Ethereum is trying to hold above the critical support zone of $2,775–$2,623.
- A bounce from this area could lead to testing resistance around $3,445.
- A breakout above $3,661 might confirm bullish momentum towards $3,894, aligning with the 0.618 Fibonacci retracement level.
- If Ethereum falls below $2,623, a further decline to $2,274–$2,104 is likely, where a bullish Libra pattern could form.
Market Sentiment and Price Action
- Current trajectory follows predictions of a dip into $2,600–$2,700 support range.
- For a bullish shift, Ethereum must decisively close above $3,070.
- Until such a breakout, market sentiment remains bearish with expectations for lower prices in the short term.
