Ethereum Price Analysis: ETH Risks Falling to $2.6K if This Key Level Cracks
Ethereum continues to present resilience in early 2026, regardless of an more and more tense macro backdrop. Geopolitical uncertainty within the Middle East, ongoing provide chain disruptions, and US–China tensions have shaken world threat urge for food, but crypto markets stay surprisingly secure.
Ethereum Price Analysis: The Daily Chart
On the every day chart, ETH has damaged above the broad descending channel. After bouncing strongly from the inexperienced demand zone close to $2,600 in mid-December, the worth managed to reclaim the $3,000 psychological mark. However, the rally stalled just below the $3,500 resistance band, which aligns with each the 200-day and 100-day transferring averages. This zone has acted as a robust provide wall in current months.
While the RSI confirmed robust momentum throughout the bounce, it has began turning decrease, suggesting the rally could also be shedding steam. If bulls fail to push above the channel resistance and transferring averages, we might see one other revisit of the $2,600 assist zone. On the opposite hand, a clear breakout above $3,500 would flip the mid-term construction bullish and goal the subsequent provide zone round $4,000.
ETH/USDT 4-Hour Chart
Zooming into the 4H chart, the worth motion has developed a symmetrical triangle, with clear increased lows and decrease highs converging across the $3,000 zone. This exhibits a steadiness of energy between consumers and sellers, but additionally alerts a possible breakout transfer within the coming days. The base of the triangle sits round $2,900, whereas the higher trendline caps the worth just below $3,300.
The asset is at the moment retesting the triangle assist after a small pullback. If consumers defend this stage, we’d see one other try on the higher vary. However, a breakdown from the decrease trendline might set off a sell-off again into the $2,600–$2,500 assist band. The RSI on this timeframe can be cooling off from overbought ranges and has dropped beneath 50 as soon as extra, which can give sellers short-term momentum if assist breaks.
Sentiment Analysis
Looking on the Ethereum open curiosity chart throughout all exchanges, we are able to see that OI stays round $18B, though down from its Q3 2025 peak. This means that merchants are nonetheless actively taking part available in the market, however with out indicators of overwhelming leverage. The current value rebound from December lows didn’t set off a surge in OI, which could possibly be seen as wholesome, as there might be much less chance of compelled liquidations if volatility returns.
The general market sentiment stays cautiously optimistic. ETH has managed to keep away from the form of lengthy squeeze seen in another altcoins. That stated, with BTC dominance on the rise and a focus shifting again to ETF narratives, Ethereum may lag within the brief time period except it could actually break key resistance ranges on robust quantity.
The put up Ethereum Price Analysis: ETH Risks Falling to $2.6K if This Key Level Cracks appeared first on CryptoPotato.
