Jan 4, 2026
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Ethereum Breaks Key Resistance, Eyes Further Gains in 2026
Ethereum's Market Analysis:
- Ethereum is showing signs of stabilization after volatile months, with technical improvements suggesting potential bullish momentum.
- Key resistance remains at the 0.618 Fibonacci Point of Interest ($3,120), crucial for confirming a bullish trend shift. Risks of a fake-out persist until this level is reclaimed as support.
- Analyst Luca advises investors to stay defensive due to high market uncertainty and potential volatility, maintaining cash reserves as a hedge.
- If current levels fail, a deeper pullback towards $2,700 may occur before any sustainable reversal upward.
Technical Indicators and Future Prospects:
- Ethereum started 2026 positively, closing above the 50-day moving average for the first time since October, indicating improved momentum.
- The next significant target is the 200-day moving average around $3,550, which analysts expect Ethereum to approach as risk appetite increases.
