Ethereum

Momentum

Flash

World Liberty Financial

<a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">Ethereum</a> is holding above the $3,280 support level after rallying to $3,402 and subsequently pulling back, with technical indicators showing a <a href="https://yellow.com/news/ethereum-targets-dollar4000-after-pattern-breakout-but-short-term-holders-pose-risk" rel="noopener noreferrer nofollow">bullish trend line forming</a> on the hourly chart amid waning upward momentum.
<h2 id="what-happened-eth-consolidates-after-rally">What Happened: ETH Consolidates After Rally</h2>
The cryptocurrency <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-finds-balance-3280/" rel="noopener noreferrer nofollow">climbed</a> past $3,320 and $3,350 resistance levels before reaching $3,402. The price then dipped below the 23.6% Fibonacci retracement level of the move from the $3,060 swing low.
A bullish trend line has formed with support at $3,280 on the hourly ETH/USD chart.
The token remains above the 100-hourly <a href="https://yellow.com/learn/simple-moving-average-sma-complete-guide-to-this-essential-trading-tool" rel="noopener noreferrer nofollow">Simple Moving Average</a>.
Immediate resistance sits at $3,320, followed by $3,350 and $3,385. A break above $3,385 could push prices toward $3,450 and potentially $3,500.
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<h2 id="why-it-matters-key-levels-in-focus">Why It Matters: Key Levels in Focus</h2>
Technical indicators present a mixed picture. The MACD is losing momentum in the bullish zone, while the <a href="https://yellow.com/learn/the-relative-strength-index-rsi-what-it-is-and-how-it-works" rel="noopener noreferrer nofollow">RSI</a> has dropped below 50.
Should the $3,280 support fail, the next key level is $3,260 near the 100-hourly SMA.
Further downside could target $3,220 at the 50% Fibonacci retracement, with <a href="https://yellow.com/news/ethereum-tests-critical-dollar3150-level-as-etf-flows-finally-turn-positive" rel="noopener noreferrer nofollow">$3,150 as a deeper support zone</a>.
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Ethereum Holds $3,280 Level As Momentum Indicators Flash Warning Signs

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Other articles published on Jan 16, 2026

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