The post Ethereum Tests Critical Support After $3,100 Breakout as Accumulation Hits Record High appeared on BitcoinEthereumNews.com.

TLDR: Ethereum broke the $3,100 resistance but now retests the $3,020-$3,050 support zone for confirmation. December saw record Ethereum inflows into accumulation addresses despite continued elevated selling pressure. Growing validator staking activity removes ETH supply from circulation, creating tightening dynamics. Next, resistance zones at $3,160-$3,240 and $3,320-$3,400 will determine the strength of bullish momentum. Ethereum broke above the $3,100 resistance level yesterday before entering a slight retracement phase. The pullback represents a normal market reaction as traders lock in profits following the breakout.  Market analysts now focus on the $3,020 to $3,050 support zone as a critical test. Meanwhile, on-chain data reveals record accumulation and growing staking activity despite ongoing selling pressure. These dynamics suggest supply is tightening while price action remains range-bound. Price Action Points to Critical Support Test Crypto analyst Ted Pillows noted on social media that Ethereum could retest the $3,020 to $3,050 zone in the near term.  This area now serves as a key support level following the recent breakout. A successful hold at this range would likely trigger the next upward movement. $ETH broke above $3,100 yesterday and is now slightly coming down. I think a retest of $3,020-$3,050 zone could happen here. If Ethereum holds this level, the next leg up will start. pic.twitter.com/xnQ30vPpqr — Ted (@TedPillows) January 3, 2026 The immediate resistance sits between $3,160 and $3,240, where some selling pressure may emerge. Beyond that level, a stronger resistance zone exists between $3,320 and $3,400.  These thresholds will determine whether the current bullish momentum can sustain itself through the short term. However, failure to maintain support above $3,020 would shift focus to lower levels. The next significant support zone lies between $2,780 and $2,820.  Below that, the $2,550 to $2,600 range has historically attracted strong buying interest during previous corrections. Accumulation and Staking…

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Filed under: News - @ January 3, 2026 2:23 pm