Ethereum price has fallen slightly on January 16th, so Ethereum Fighting to maintain the $3,300 mark. Movements so far indicate consolidation, with no clear short-term trend emerging.
table of contents
This Ethereum price prediction takes a closer look at the current sentiment and what both bullish and bearish scenarios mean. Ethereum.
summary
- Ethereum price is hovering around $3,305, showing slight weakness while trying to hold the $3,300 support.
- Ethereum Despite the weekly and monthly increases of 7% and 13%, respectively, they remain range-bound, indicating near-term strength.
- Selling pressure has eased and buyers are buying on the dip, but momentum remains slow due to limited follow-through and macro uncertainty.
- On the upside, a hold at $3,300 and a break above $3,400 could strengthen the bullish outlook and allow further upside.
- A break below $3,300 could send Ethereum towards $3,150-$3,200, increasing the likelihood of an even more severe correction.
Current market scenario
Ethereum (Ethereum) is currently trading around $3,270.
Over the past 24 hours, the asset has fallen by around 1.4%, but remains in a constructive broader structure.
every week, Ethereum is still up about 6%, bringing the monthly gain to nearly 16%, highlighting a modest recovery from December lows.
Ethereum 1-day chart, January 2026 | Source: crypto.news
Despite the recovery from recent lows, Ethereum price action remains range bound, suggesting consolidation rather than confirming a bullish shift. Selling interest has cooled, and buyers are more willing to intervene during pullbacks. Still, repeated rejections at higher levels indicate that overhead resistance continues to weigh on prices throughout January.
On the bright side, the heavy sell-off has mostly eased. Sellers have cooled down and buyers are showing up more consistently in the push. Still, broader economic concerns and a lack of crypto-specific catalysts have slowed momentum and left traders remaining cautious in the absence of strong follow-through buying.
Upward outlook: What bulls should do
Bullish momentum in the short term Ethereum It all depends on whether it can maintain $3,300 even during the downturn. Holding firm here will help stabilize confidence and maintain short-term structure.
The next key hurdle lies at $3,400, a resistance zone that has limited upside attempts numerous times. A definitive breakout above this level and subsequent successful retest as support would meaningfully strengthen. Ethereum Especially if the daily EMA continues to trend below the price, we can predict and pave the way for further upside.
You may also like: Will Ethereum price hit the $3,400 wall next, a breakout or a pullback?
Downside risks to watch out for
From a bearish perspective, a clear break below $3,300 is likely to lead to fresh selling pressure. In that case, Ethereum could head towards the $3,150 to $3,200 zone where previous demand and multiple technical factors converge.
should Ethereum A break below this range will likely give the bears meaningful control and increase the likelihood of an extended corrective action. In that case, Ethereum price predictions will turn defensive, prioritizing risk management over trend continuation.
conclusion
Ethereum is oscillating between hope and hesitation. nevertheless Ethereum Although it has bounced back nicely from December’s lows, there is still a lack of confidence that the rally will continue.
short term Ethereum The outlook mainly depends on whether buyers can sustain the $3,300 level and break out of the $3,400 resistance. Consolidation around these zones is likely to continue until the market decides on a clear direction.
read more: Ethereum new wallet creations hit an all-time high of 327,000 new wallets per day. Ethereum Do you follow the price?
