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
Short-selling firm Culper releases bearish report on Ethereum: Fusaka upgrade disrupts ETH token economics
Aggressive short-selling firm Culper Research has released a report bearish on Ethereum (ETH), believing that the Fusaka upgrade in 2025 will cause structural damage to ETH's token economy. The report points out that a significant decrease in Gas fees has led to increased address pollution attacks and reduced validator rewards, and emphasizes that Ethereum is facing competitive pressure from Solana and L2 solutions. Culper believes that ETH's value capture ability is declining and has started shorting ETH.
ChainNewsAbmedia11m ago
ETH drops below 2000 USDT
Gate News bot message, Gate market display, ETH drops below 2000 USDT, current price 1998.74 USDT.
CryptoRadar14m ago
ETH 15-minute sharp decline of 1.53%: Large investors' short-term profit-taking and ETF capital outflows resonate, triggering a significant drop
From 13:45 to 14:00 on March 6, 2026 (UTC), ETH experienced a significant fluctuation, with a short-term decline of 1.53%. The price fluctuated sharply between 2019.21 and 2051.26 USDT, with an amplitude of 1.56%. High-frequency sell orders surged, market attention spiked, trading volume increased, and the divergence between bulls and bears intensified. Market sentiment became more cautious.
The main driving force behind this fluctuation was large investors and whale accounts reducing their positions after a short-term rebound, leading to a rapid release of large sell orders and triggering short-term selling pressure in the market. On the ETF front, holdings
GateNews24m ago
Jiuzi Holdings raises $80 million through a rights issue to support the development of the crypto asset treasury
Jiuzi Holdings has signed an agreement with strategic investment institutions to subscribe for 40 million shares at $2 per share, raising $80 million. The funds will be used to expand cash reserves, build a crypto asset treasury, and develop an asset allocation strategy. The treasury will include various cryptocurrencies such as Bitcoin and Ethereum.
GateNews1h ago
While Bitcoin and Ethereum Consolidate, This Altcoin Is Quietly Preparing for a Major Rally - BTC Hunts
The post While Bitcoin and Ethereum Consolidate, This Altcoin Is Quietly Preparing for a Major Rally appeared first on Coinpedia Fintech News
While Bitcoin and Ethereum continue to move sideways, one major altcoin appears to be quietly building momentum beneath the surface. Growing
BTCHUNTS2h ago
