Ethereum (ETH) is trading around a critically important zone after retreating from $3,300. This asset is holding at around $3,200 after a clean retest of a previous trendline, which had been serving as resistance.<\/p>\n
Daily trading volume has risen sharply, now at over $27 billion, a 128% increase from the previous day. ETH has moved between $3,190 and $3,360 in the past 24 hours and remains up 3.3% on the week. It is currently 35% below its peak of $4,950, reached in August 2025.<\/p>\n
Ethereum\u2019s breakout above its descending trendline earlier this month was followed by a measured pullback. That trendline is now acting as support alongside the 20-day moving average. Analyst BATMAN described the setup as a \u201csolid retest<\/em>,\u201d noting ETH is moving as expected.<\/p>\n So far, Ethereum is playing out exactly as I expected.<\/p>\n Right now, it\u2019s retesting its previous bearish trendline, with added support from the 20-day MA.<\/p>\n Solid retest setup here from $ETH<\/a> https:\/\/t.co\/PN7m8Fssq5<\/a> pic.twitter.com\/H3TWbyumNY<\/a><\/p>\n \u2014 BATMAN (@CryptosBatman) January 19, 2026<\/a><\/p>\n\n The price action remains steady near $3,200. As long as this area holds, a return to the $3,400 level remains on the table. If the asset breaks below it, near-term momentum may slow, but the overall structure is still intact for now.<\/p>\n Furthermore, Ethereum recently cleared its 50-day moving average and stayed above it, signaling short-term strength. Analyst StockTrader_Max says<\/a> the next logical level is the 200-day moving average, currently around $3,650.<\/p>\n The current chart structure suggests the potential for a continued move higher. A possible Elliott Wave count suggests ETH may be forming a third wave, with a projected target near $4,000. This outlook depends on the asset holding above support between $2,980 and $3,085.<\/p>\n Glassnode data shows a rise in network usage. Daily active addresses have doubled over the past two weeks, now above 800,000. At the same time, Ethereum-based ETFs have added more than 158,000 ETH since December 29, an inflow worth over $500 million.<\/p>\n The strongest buying has taken place between $2,770 and $3,100. Analyst Ali Martinez stated<\/a>,<\/p>\n \u201c$3,085 \u2014 that\u2019s the level Ethereum needs to hold to have a chance of a bullish breakout.\u201d<\/p>\n As previously reported<\/a>, staking participation has reached a new all-time high, and wallet activity continues to rise. These trends suggest steady growth on the network, even as the price remains within a wide range.<\/p>\n In more than two months, ETH has made sideways movements between 2,600 and 3,400. A volume-supported break above $3,400 may open up the option of $3,660 and even 4,000 in case momentum continues.<\/p>\n The post Ethereum (ETH) Eyes Breakout as Bulls Defend $3.2K Level<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum (ETH) is trading around a critically important zone after retreating from $3,300. This asset is holding at around $3,200 after a clean retest of a previous trendline, which had been serving as resistance. Daily trading volume has risen sharply, now at over $27 billion, a 128% increase from the previous day. ETH has moved […]<\/p>\n","protected":false},"author":0,"featured_media":128263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128262","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\/128262"}],"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=128262"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128263"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Activity on Chain Reflects Growing Interest<\/h2>\n