Jan 5, 2026
7 0
Ethereum Tests $3,160 Resistance; Potential Breakout or Pullback Ahead
Ethereum at Critical Resistance Level
- Ethereum approached the $3,160 resistance zone after a recent price surge.
- A confirmed breakout above this level could lead to further gains, targeting $3,250 and potentially $3,390.
- Failure to surpass this resistance might result in a pullback, with potential support around $3,050 or lower at $2,880.
Weekly Chart Insights
- Ethereum remains near a broader structural support on the weekly chart, providing a foundation for possible upward movement.
- The major resistance overhead is crucial in determining Ethereum's future trend.
- Market conditions remain balanced and unresolved, requiring patience as the structure evolves.
- Key zones will influence Ethereum’s direction in early 2026.
