ETH Maintains Bullish Structure While Network Vision Expands
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ETH holds short-term bullish structure as leverage cools after breakout phase now Derivatives reset signals consolidation risk, not trend exhaustion yet for ETH cycles ZK-EVM and data upgrades strengthen Ethereum’s long-term scaling thesis outlook Ethereum is drawing renewed market attention as price action, derivatives data, and protocol upgrades align in early 2026. The asset continues to trade with a constructive short-term structure, while traders assess leverage behavior and spot flow trends. At the same time, fresh technical milestones outlined by co-founder Vitalik Buterin add a longer-term narrative that extends beyond price charts. Together, these factors frame Ethereum as a market balancing momentum, caution, and structural evolution. Price Structure Signals Short-Term Strength Ethereum’s 4-hour chart shows a clear upward bias, supported by higher highs and higher lows. Price remains above rising short-term moving averages, confirming active buyer control. Besides trend structure, volatility expansion followed a clean breakout above the $3,000 level. That move suggests momentum participation rather than thin liquidity spikes. View Post↗ ETH Price Dynamics (Source: Trading View) However, resistance overhead continues to shape near-term expectations. The $3,220 to $3,250 zone marks the first major test after the recent advance. Consequently, a sustained break above that range would expose $3,305, aligned with a key Fibonacci retracement. Beyond that, $3,450 stands as a higher extension target if momentum accelerates. On the downside, support reactions remain critical. The $3,190 area acts as first defense and sits near a key Fibonacci level. Related: Chainlink 2026 Prediction: Institutional RWA Push And CCIP v1.5 Target $45-$75 Moreover, the $3,110 to $3,070 region combines moving average support with prior demand. A deeper loss toward $3,030 would weaken the structure and shift focus to the $2,920 consolidation base. Futures Data Shows Leverage Reset Source: Coinglass Ethereum futures open interest expanded sharply during the recent breakout, reflecting rising…
Filed under: News - @ January 5, 2026 1:26 pm