Ethereum (ETH) Continues to Advance, Is 2026 a Good Time to Buy?

Jakarta, Pintu News – Ethereum (ETH) has recently shown a steady rise, managing to break above $3,120 and is now consolidating. With strong support at several critical junctures, Ethereum (ETH) seems set to surge even higher.

Strong Supporters Behind Ethereum’s Rise

Ethereum (ETH) started its rise after successfully settling above the $3,050 zone, similar to Bitcoin (BTC). This rise was further strengthened when Ethereum (ETH) broke through the resistance levels of $3,120 and $3,150. The buyers even managed to push the price up to $3,220. The highest peak was recorded at $3,264, and the price is currently consolidating.

Despite a slight drop below the 23.6% Fibonacci retracement level of the last rise from $3,134 to $3,264, Ethereum (ETH) is still holding above $3,200 and the 100-hour simple moving average. If buyers can prevent a further drop below $3,150, there’s a chance Ethereum (ETH) will try to climb again. Immediate resistance is near $3,240, with the first key resistance at $3,250. The next major resistance is at $3,265.

Also Read: Bitcoin (BTC) Prepares for a Surge: Potential Rise to $104,000 in the Near Future?

Upside Potential if Resistance is Surpassed

If Ethereum (ETH) manages to cross the $3,265 resistance, the price could head towards the $3,350 resistance. In case of a breakout above the $3,350 area, it could trigger further gains in the next few days. In that scenario, Ethereum (ETH) could increase towards the $3,450 or even $3,500 resistance zone in the near future. This shows that despite some price drawdown, strong momentum and buyer support remain important factors driving Ethereum (ETH) price.

Downward Correction: What Happens If Resistance is Not Reached?

If Ethereum (ETH) fails to break through the $3,250 resistance, the price may see a new drop. Initial support is near the $3,200 level or the 50% Fibonacci retracement level of the last rise from $3,134 to $3,264. The next major support lies at the $3,185 zone and the bullish trend line. If the price manages to break below the $3,185 support, it could push Ethereum (ETH) towards the $3,120 support. A further drop would probably take the price to the $3,050 region.

Ethereum’s Momentum is Promising

With strong support and growing momentum, Ethereum (ETH) shows potential to not only appeal to long-term investors but also to traders looking for opportunities in short-term price fluctuations. Despite some risk of correction, the long-term outlook remains bullish with strong support and high buying interest.

Also Read: New Record! Ethereum Records $8 Trillion Worth of Stablecoin Transactions

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Price Pullbacks to $3185, Why ETH Could Bounce Back. Accessed on January 6, 2026