As of mid-January 2026, Ethereum (ETH) is in a critical "accumulation" phase, trading around $3,100. While it recently hit a weekly high of $3,300, it currently faces resistance at $3,177.
Key Trends:
Technicals: Analysts project a short-term target of $3,400–$3,550 by the end of January, supported by a bullish MACD.
Fundamentals: Network usage is at record highs, particularly in Layer-2 scaling and stablecoins ($165B+ on-chain).
Institutional Shift: Large-scale accumulation by firms like BitMine (holding ~3.4% of supply) is tightening liquid supply.
Upgrades: The upcoming "Glamsterdam" upgrade in early 2026 aims to further lower fees and improve throughput.
Would you like me to create a technical price chart or a summary of the 2026 roadmap?
