Ethereum (ETH) has climbed above $3,200, gaining 2% in the last 24 hours and more than 8% over the past week. Trading volume stands above $26 billion.<\/p>\n
As a result, the move puts the asset at its highest point in more than three weeks. Traders are now watching key levels as the price action approaches resistance.<\/p>\n
ETH\/BTC has bounced off the 21-Day Moving Average and is now trading near 0.035 BTC. Micha\u00ebl van de Poppe described<\/a> the retest as clean and said it confirmed support.<\/p>\n \u201cOn that level, you want to see some support test to hold, and that happened.\u201d<\/p>\n He added that continued ETF inflows are supporting the trend. The chart also shows a demand zone between 0.03 and 0.033 BTC. This area has held several times since late 2025. As long as ETH trades above that range and stays above the 21-Day MA, short-term structure remains stable.<\/p>\n Moreover, Van de Poppe noted the next resistance between 0.036 and 0.037 BTC. That zone has acted as a ceiling in recent months. A clear break could open the way for further gains. While some expect that move, others suggest a short-term pause may come first.<\/p>\n StockTrader_Max said<\/a> ETH is still on track for $4,100, but a pullback could come before that. \u201cA move to the 0.618 FIB could be next at approximately $3,000,<\/em>\u201d they wrote, adding that the 50-day MA sits at that level. The analyst sees it as a possible back-test before a move higher.<\/p>\n Another analyst, Lennaert Snyder, marked<\/a> $3,250 as a short-term barrier.<\/p>\n \u201cSince we\u2019re trading at major resistance here, I\u2019m looking at local market structure breaks,\u201d he said.<\/p>\n Snyder noted that a clean reclaim of $3,250 on the 4H chart could trigger long positions toward $3,450. If price fails, he expects a move to $2,950 to reset the trend.<\/p>\n A pattern on the 3-day chart may also support further upside. Trader Tardigrade said ETH has formed a double bottom. If confirmed, it sets a target near $4,000.<\/p>\n $ETH<\/a>\/3-day#Ethereum<\/a> has formed a Double Bottom \u2014 Trader Tardigrade (@TATrader_Alan) January 6, 2026<\/a><\/p>\n\n Meanwhile, institutional activity remains steady. BitMine has added<\/a> over $2 billion in ETH to staking. ETF flows remain active, with $168.13 million recorded on January 5 (per SoSoValue data).<\/p>\n The post The \u2018Double Bottom\u2019 Signal: Why Analysts Say ETH Is Ready to Fly<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum (ETH) has climbed above $3,200, gaining 2% in the last 24 hours and more than 8% over the past week. Trading volume stands above $26 billion. As a result, the move puts the asset at its highest point in more than three weeks. Traders are now watching key levels as the price action approaches […]<\/p>\n","protected":false},"author":0,"featured_media":125037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125036"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125036"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125037"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Sentiment Split Around $3,250<\/h2>\n
\nIf this pattern plays out, it sets the target at $4,000 pic.twitter.com\/eRsWz35HcH<\/a><\/p>\n