The Ethereum price aims to avoid a pullback by holding crucial support levels and breaking resistance.
Notably, as the new year begins, Ethereum (ETH) starts the year with a 0.0% change over the last 24 hours, trading at $2,974. The price has remained confined within the range of $2,959 to $3,012, signaling some consolidation as Ethereum struggles to break through resistance near $3,000.
In the broader context, Ethereum has posted a 1.0% increase over the past 7 days and a more encouraging 4.8% gain in the last 14 days. However, the 1-day performance shows a flat trend, reflecting a lack of strong momentum in the short term
While Ethereum’s price has seen positive movement in the past week, it still faces challenges to break out of its recent price range. As the market begins the new year, Ethereum’s ability to overcome key resistance and build on its recent gains will be critical. Will ETH make a strong start to 2026, or will it continue to struggle within its current range?
Can Ethereum Make a Strong Start?
Looking at the technical charts, Ethereum’s price is moving within a narrow range between the lower and upper Bollinger Bands, sitting at $2,963 and $2,990, respectively.
The price action suggests that ETH is consolidating near the middle of this range, indicating indecision in the market. The immediate resistance is at the upper Bollinger Band around $2,990, which could cap any potential upside in the short term
Ethereum 1 Hour Price AnalysisOn the downside, key support sits at the lower Bollinger Band near $2,963. If Ethereum fails to hold above this level, further downside pressure could bring the price towards $2,940 or even lower.
The RSI is currently hovering around 49.83, indicating neutral market sentiment albeit with more positive momentum. However, for a bullish breakout, ETH needs to sustain a move above $2,990, while holding the support at $2,963 is crucial to avoid a deeper pullback.
Ethereum Achieves Record Contract Deployment
Ethereum Contracts DeployedThis sustained multi-quarter growth in contract deployment signals organic expansion. Key factors driving this include the growth of roll-ups and Layer 2 solutions (L2), the issuance of real-world assets (RWA), increased use of stablecoins, and the expansion of wallets and intents
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: Today, the US Bitcoin ETF saw a net inflow of 5,187 BTC, and the Ethereum ETF experienced a net inflow of 43,282 ETH.
ChainCatcher reports that, according to Lookonchain monitoring, today 10 Bitcoin ETFs had a net inflow of 5,187 BTC (worth $375.08 million), 9 Ethereum ETFs had a net inflow of 43,282 ETH (worth $91.76 million), and SOL ETFs had a net inflow of 205,711 SOL (worth $18.72 million).
GateNews13m ago
Citibank promotes "Bitcoin Banking": Striving to launch "Institutional-Grade Custody" and "Cross-Asset Collateral" services this year
Citigroup is pushing for the banking of Bitcoin, planning to deeply integrate it into the traditional financial system, with institutional-grade crypto custody services expected to launch in 2026. By simplifying Bitcoin transaction processes and reducing operational friction, Citigroup aims to attract more institutions to adopt digital assets further. Additionally, the bank is exploring the applications of stablecoins and blockchain deposit tokens, hoping to provide traditional financial institutions with more convenient ways to utilize capital.
区块客29m ago
Bitcoin and Ethereum options with a total notional value of $2.68 billion will expire on March 6.
Greeks.live release data shows that the Bitcoin and Ethereum options expiring on March 6 are 32,000 and 184,000 contracts respectively. The market rebound has pushed Bitcoin back to $70,000. Despite an increase in bullish options trading, the momentum has slowed; implied volatility has risen.
GateNews39m ago
Ethereum Jumps 25% After $1750 Liquidity Sweep As Traders Eye $2500 Zone
_Ethereum surged about 25% from $1,750 to near $2,200 after a liquidity sweep triggered strong buying activity._
_Around 3.4M ETH is waiting in the validator queue, one of the longest lines since Ethereum moved to proof of stake._
_Trader 0xA5e4 lost $1.53M after a $31M ETH short
LiveBTCNews2h ago
