CyberpunkDanny
Ethereum's Recent Breakout
As of mid-January 2026, Ethereum (ETH) is showing some promising signs after a tough period. The price has broken out of a long downward-sloping channel that kept it trapped for weeks. Importantly, the old resistance level around $3,000 has now turned into support – meaning the price tends to bounce up instead of falling through when it touches that area.
Right now ETH is trading around $3,100–$3,115 and moving sideways (consolidating) just below the next tough resistance zone of $3,300–$3,500.
The Technical Picture
For months Ethereum was stuck in a pattern of low
As of mid-January 2026, Ethereum (ETH) is showing some promising signs after a tough period. The price has broken out of a long downward-sloping channel that kept it trapped for weeks. Importantly, the old resistance level around $3,000 has now turned into support – meaning the price tends to bounce up instead of falling through when it touches that area.
Right now ETH is trading around $3,100–$3,115 and moving sideways (consolidating) just below the next tough resistance zone of $3,300–$3,500.
The Technical Picture
For months Ethereum was stuck in a pattern of low
ETH0,67%



















