2026-01-08 05:49:54

$ETH Dailly Chart Update

On 6th Jan, we shared a detailed update on #ETH highlighting the daily triangle structure and clearly warned that price was approaching the upper trendline, where rejection was highly possible. The plan was simple and disciplined: don’t chase near resistance, wait for confirmation.

#Ethereum moved into the 3300–3350 zone, tested the upper boundary of the triangle, and faced a clean rejection. There was no daily close above resistance, no acceptance — sellers defended the level exactly as expected.

After the rejection at 3300, price is now moving down to kiss the lower support zones . This is a critical area. We now need to see whether support holds or breaks.

Resistance: 3300–3350 (upper trendline)

Support zone: 3050(horizontal) – 3000 (triangle lower trendline)

Breakdown risk: Below 2900–2850

Upside only if: Daily close & hold above 3300

ETH-5,97%

CryptoSat

2026-01-06 09:03:24

$ETH on the daily timeframe is trading inside a well-defined triangle, a classic compression structure that usually precedes a strong directional move. After the sharp drop from the highs, price has stopped trending and is now printing lower highs + higher lows, showing balance between buyers and sellers.

Right now, price is sitting near the upper half of the triangle, which slightly tilts the bias toward an upside resolution, but confirmation is everything.

🔍 Breakout scenarios

Bullish breakout: A daily close and hold above 3,300–3,350 can trigger expansion toward 3,600 → 3,900 → 4,200 (range-measured move)

Bearish breakdown: Loss of 2,900–2,850 support opens the door to 2,600 → 2,400 zones

No chasing inside the triangle — let price choose direction, then follow with controlled risk.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.