strong resistance above 3,350–3,450 USD and carries short‑term correction risk before any sustained move toward 4,000 USD.metamask+2​

Current price and trend

  • $ETH is trading near 3,275–3,305 USD mid‑January 2026, up strongly from $ETH around 2,850 USD one month ago and roughly flat versus the same time last year.metamask​

  • Price remains above short‑term EMAs (around 3,160 USD for EMA20), confirming an uptrend on the daily timeframe.mexc​

Support and resistance

  • Nearest supports:

    • 3,230–3,290 USD: recent daily lows and confluence with EMA20/EMA50, where buyers previously stepped in.mexc+2​

    • 3,080–3,130 USD: weekly support and prior breakout zone; a break below here would weaken the current bullish structure.mexc+1​

  • Key resistances:

    • 3,340–3,360 USD: short‑term cap and first barrier for continuation.mexc+1​

    • 3,430–3,480 USD: multi‑timeframe resistance cluster; rejection here can trigger a pullback.mexc+2​

    • Around 3,650–3,700 USD and then psychological 4,000 USD as higher‑timeframe targets if volume expands on a breakout.mexc+2​

Momentum indicators (RSI & MACD)

  • Daily RSI is around 63, showing bullish momentum but not yet overbought; readings near 70 would warn of a stronger correction risk.mexc+1​

  • MACD histogram is positive with the MACD line above the signal line, confirming strengthening upward momentum on the daily chart.mexc+1​

Technical view from the chart

ETH/USDT daily technical chart with key indicators (last 3 months) 

  • The attached chart shows:s3.amazonaws

    • Daily candlesticks moving above the 50‑day and 200‑day SMAs, which signals a mature but intact uptrend.

ETH/USDT daily technical chart with key indicators (last 3 months)

  • RSI(14) staying in the 55–70 band, typical of trending bullish phases rather than extremes.

    • MACD(12,26,9) with a positive, widening histogram, consistent with recent impulsive moves up from the 3,050–3,150 USD base.cryptonomist​

Trading scenarios (not financial advice)

  • Bullish continuation scenario:

    • Hold above 3,230–3,290 USD and break/close above 3,350–3,430 USD with rising volume; this would keep higher targets like 3,650–4,000 USD in play.mexc+3​

  • Pullback scenario:

    • Failure at 3,430–3,480 USD and loss of the 3,230 zone opens a move toward 3,080–3,000 USD supports, where trend traders may look for new entries if structure remains higher‑lows.mexc+2​

This is a technical snapshot only and not a buy/sell recommendation; use strict risk management and combine with your own analysis.