The post Ethereum Price Prediction Ahead of US data Report appeared on BitcoinEthereumNews.com.

Ethereum price hovered above $3,200 during early Wednesday trade as the market showed signs of consolidation following recent gains. The asset has maintained a steady position after an upward push, with traders cautiously awaiting high-impact economic reports from the United States. The recent price action indicates a more intense interest by buyers in levels of critical support. Although a larger market structure of Ethereum remains corrective, the technical signals denote the increasing bullish momentum. Other significant cryptocurrencies, such as Bitcoin (BTC), Solana (SOL), and Ripple (XRP), are also halted around their respective resistance levels. Bitcoin price hovered around $92,000, with a temporary cooldown following its upward move. Ethereum Price Steady as Traders Brace for US Data The mood of investors is still on the downside as various economic reports in the US are resolved to be released. These are the ADP Employment Change, ISM Services PMI, Factory Orders, and JOLTS Job Openings survey.  These figures may affect the future policy of the Federal Reserve and predetermine the course of the crypto market in the weekend. The entire crypto market is slightly on a pullback as traders are aggressively booking profits and repositioning in advance of the next couple of reports.  But the anticipation of further monetary expansion by the Federal Reserve has cushioned the slump on the negative side. To further confuse, the situation of global sentiment in the geopolitical tensions is still being felt. During the weekend, US military forces eliminated the Venezuelan President Nicolás Maduro.  President Donald Trump confirmed a deal with Venezuela, dealing with oil supply of up to 50 million barrels to the US on a late Tuesday announcement. Up to now, recent US statistics depict a decelerating economic activity. The December S&P Global PMI surveys indicated a weaker business momentum, which strengthened the use of…

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Filed under: News - @ January 7, 2026 7:21 pm