NewsBTC
Jan 18, 2026
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Ethereum Holds Above Key Support, Eyeing Potential Upside Beyond $3,400

Ethereum remains resilient, maintaining its position above key support levels despite facing resistance near the $3,400 mark. The sustained strength suggests that buyers are in control, with a positive market structure indicating potential upside.

Key Support and Resistance Levels

  • ETH has held above the 1D Bull Market Support Band, acting as a reliable reversal zone over recent months.
  • The price reclaimed the 0.618 Fibonacci level around $3,100, signaling buyer strength during corrective phases.
  • Resistance at the 0.5 Fibonacci level near $3,400 has led to expected pullbacks, a common decision point historically.

Ethereum

Market Outlook

  • Maintaining positions above the 1D Bull Market Support Band and 0.618 Fibonacci level is crucial for future upside potential.
  • ETH continues to respect the Daily 200-day moving average, indicating underlying buyer strength.
  • A breakout with strong momentum could boost altcoin market interest and sentiment.

Critical Conditions

  • The structure remains constructive while holding the Daily 200MA.
  • Bitcoin must stay above $94,000 to maintain broader bullish trends.

Ethereum