Ethereum is witnessing heightened buying activity near the 100-day moving average at $3.2K, fueling optimism for a bullish breakout.<\/p>\n
The asset appears poised to challenge the critical $3.5K resistance zone, a decisive level that could dictate its mid-term trajectory.<\/p>\n
By Shayan<\/a><\/p>\n Ethereum has been consolidating within a tight range defined by the 100-day moving average at $3.2K and the significant $3.5K resistance zone, which also aligns with the upper boundary of a bullish flag pattern. The recent rebound from the 100-day MA suggests growing demand, pushing the price toward the upper boundary of this range.<\/p>\n A breakout above the $3.5K threshold would likely signal a bullish trend continuation, targeting the $4K swing high. However, a rejection at this level could lead to a period of heightened volatility and potential consolidation near the current range. The next few days will be pivotal in shaping ETH\u2019s trajectory, with a breakout appearing increasingly probable given the prevailing bullish sentiment.<\/a><\/p>\n On the lower timeframe, Ethereum recently consolidated around the 0.5 Fibonacci retracement level ($3.2K), signaling a balance between buyers and sellers. Subsequently, the asset gained upward momentum, slightly breaching the descending wedge\u2019s upper boundary and confirming a short-term bullish reversal.<\/p>\n Despite this progress, Ethereum encounters a robust resistance zone at $3.5K, where significant supply pressure could emerge. A likely scenario involves a brief surge to this level and a pullback toward the wedge\u2019s broken upper boundary to validate the breakout. Should this pullback attract sufficient buying interest, Ethereum could reclaim the $3.5K level, setting the stage for a rally toward the $4K resistance zone.<\/p>\n The upcoming price action will be critical, with Ethereum\u2019s ability to clear the $3.5K resistance determining the sustainability of its bullish momentum.<\/a><\/p>\n By Shayan<\/a><\/p>\n The open interest metric, which tracks the number of active futures contracts across all exchanges, has been on a steady rise in recent weeks, reaching its highest values. This indicates growing participation in the futures market, with traders aggressively opening new long positions.<\/p>\n Interestingly, there is a divergence between Ethereum\u2019s price and futures market activity. Despite the significant increase in open interest, the price has yet to break its previous highs, showcasing a potential imbalance between market expectations and price action.<\/p>\n The elevated open interest signals a higher likelihood of liquidation cascades, which often accompany sudden price movements. This could result in an explosive short-term price action, with the market likely choosing a decisive direction.<\/p>\n While the direction of the breakout remains uncertain, the prevailing sentiment and activity suggest a bullish breakout as the most probable scenario. If ETH successfully overcomes key resistance levels, it could set the stage for a sustained rally.<\/a><\/p>\n The post Ethereum Price Analysis: ETH Gains 3% Daily but Faces Critical Resistance<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum is witnessing heightened buying activity near the 100-day moving average at $3.2K, fueling optimism for a bullish breakout. The asset appears poised to challenge the critical $3.5K resistance zone, a decisive level that could dictate its mid-term trajectory. Technical Analysis By Shayan The Daily Chart Ethereum has been consolidating within a tight range defined […]<\/p>\n","protected":false},"author":0,"featured_media":38778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38777","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\/38777"}],"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=38777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Daily Chart<\/h3>\n
The 4-Hour Chart<\/h3>\n
Onchain Analysis<\/h2>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nOn the lower timeframe, Ethereum recently consolidated around the 0.5 Fibonacci retracement level ($3.2K), signaling a balance between buyers and sellers. Subsequently, the asset gained upward momentum, slightly breaching the descending wedge\u2019s upper boundary and confirming a short-term bullish reversal.<\/p>\nDespite this progress, Ethereum encounters a robust resistance zone at $3.5K, where significant supply pressure could emerge. A likely scenario involves a brief surge to this level and a pullback toward the wedge\u2019s broken upper boundary to validate the breakout. Should this pullback attract sufficient buying interest, Ethereum could reclaim the $3.5K level, setting the stage for a rally toward the $4K resistance zone.<\/p>\nThe upcoming price action will be critical, with Ethereum\u2019s ability to clear the $3.5K resistance determining the sustainability of its bullish momentum.<\/a><\/p>\nOnchain Analysis<\/h2>\nBy Shayan<\/a><\/p>\nThe open interest metric, which tracks the number of active futures contracts across all exchanges, has been on a steady rise in recent weeks, reaching its highest values. This indicates growing participation in the futures market, with traders aggressively opening new long positions.<\/p>\nInterestingly, there is a divergence between Ethereum\u2019s price and futures market activity. Despite the significant increase in open interest, the price has yet to break its previous highs, showcasing a potential imbalance between market expectations and price action.<\/p>\nThe elevated open interest signals a higher likelihood of liquidation cascades, which often accompany sudden price movements. This could result in an explosive short-term price action, with the market likely choosing a decisive direction.<\/p>\nWhile the direction of the breakout remains uncertain, the prevailing sentiment and activity suggest a bullish breakout as the most probable scenario. If ETH successfully overcomes key resistance levels, it could set the stage for a sustained rally.<\/a><\/p>\nThe post Ethereum Price Analysis: ETH Gains 3% Daily but Faces Critical Resistance<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum is witnessing heightened buying activity near the 100-day moving average at $3.2K, fueling optimism for a bullish breakout. The asset appears poised to challenge the critical $3.5K resistance zone, a decisive level that could dictate its mid-term trajectory. Technical Analysis By Shayan The Daily Chart Ethereum has been consolidating within a tight range defined […]<\/p>\n","protected":false},"author":0,"featured_media":38778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38777","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\/38777"}],"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=38777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ETH-D-8-scaled.jpg\"){kind=link}
![<\/a><\/p>\nOnchain Analysis<\/h2>\nBy Shayan<\/a><\/p>\nThe open interest metric, which tracks the number of active futures contracts across all exchanges, has been on a steady rise in recent weeks, reaching its highest values. This indicates growing participation in the futures market, with traders aggressively opening new long positions.<\/p>\nInterestingly, there is a divergence between Ethereum\u2019s price and futures market activity. Despite the significant increase in open interest, the price has yet to break its previous highs, showcasing a potential imbalance between market expectations and price action.<\/p>\nThe elevated open interest signals a higher likelihood of liquidation cascades, which often accompany sudden price movements. This could result in an explosive short-term price action, with the market likely choosing a decisive direction.<\/p>\nWhile the direction of the breakout remains uncertain, the prevailing sentiment and activity suggest a bullish breakout as the most probable scenario. If ETH successfully overcomes key resistance levels, it could set the stage for a sustained rally.<\/a><\/p>\nThe post Ethereum Price Analysis: ETH Gains 3% Daily but Faces Critical Resistance<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum is witnessing heightened buying activity near the 100-day moving average at $3.2K, fueling optimism for a bullish breakout. The asset appears poised to challenge the critical $3.5K resistance zone, a decisive level that could dictate its mid-term trajectory. Technical Analysis By Shayan The Daily Chart Ethereum has been consolidating within a tight range defined […]<\/p>\n","protected":false},"author":0,"featured_media":38778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38777","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\/38777"}],"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=38777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/ETH-4H-8-scaled.jpg\"){kind=link}
![<\/a><\/p>\nThe post Ethereum Price Analysis: ETH Gains 3% Daily but Faces Critical Resistance<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum is witnessing heightened buying activity near the 100-day moving average at $3.2K, fueling optimism for a bullish breakout. The asset appears poised to challenge the critical $3.5K resistance zone, a decisive level that could dictate its mid-term trajectory. Technical Analysis By Shayan The Daily Chart Ethereum has been consolidating within a tight range defined […]<\/p>\n","protected":false},"author":0,"featured_media":38778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38777","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\/38777"}],"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=38777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Ethereum-Open-Interest-All-Exchanges-All-Symbol-1-scaled.jpg\"){kind=link}