Ethereum Builds Momentum, Next Stop: $3,400+?

3 mins mins

Key Insights:

Ethereum is forming higher lows, showing strong trend support and buyer control in recent sessions.
Price action remains above key support; $3,050 is the level to watch for trend direction.
Break above $3,300 could push Ethereum toward $3,400 as resistance remains under pressure.

*Ethereum Builds Momentum, Next Stop: $3,400+?*

Ethereum (ETH) was trading around $3,130, with daily volume near $20.5 billion. The price has dipped slightly, down 0.2% over the past 24 hours, and shows a 1.9% drop over the past week. Despite that, recent chart patterns point to a potential shift in direction.

The market is forming higher lows. These moves suggest buyers are stepping in earlier with each dip. A rising trendline connects recent lows, and price has held above this line for several sessions. This pattern has continued without major breakdowns.

Support Holds as Trend Builds

The trendline acts as a guide for current price movement. Each time ETH pulls back, it finds support above the line. The price bounces have been steady and controlled. So far, no lower lows have formed.

Momentum appears to be moving in favor of the bulls. The recent pullback did not break the support zone. This steady movement adds to the current trend, which could push ETH higher if the structure stays intact.

Key Resistance Still Unbroken

A zone between $3,253 and $3,301 has held as resistance. The price has tested this area but has not been able to move past it. This level also lines up with the 78.6% retracement from the recent high, making it a point of interest for traders.

An update from More Crypto Online said,

“A break below $3,050 would indicate that a price top has formed in wave (2).”

This level now acts as a key support. If broken, the current move could lose strength and shift direction. For now, the support is holding.

$3,400 Remains a Target

If the trend of higher lows continues, Ethereum may approach the $3,400 area. This level has seen price activity before and could be tested again if buyers stay in control. The current setup shows strength, but resistance needs to be cleared.

$ETH forming higher lows with momentum clearly shifting upward!
Bullish reversal strengthening – $3,400+ next leg loading 🚀🔥 pic.twitter.com/WJCaqnnodw
— 𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫 (@Karman_1s) January 12, 2026

Price action will remain in focus. Holding above $3,050 is important. Breaking above $3,300 would open the path toward higher levels. Traders are watching closely to see which side gains control in the coming days.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.