2026-01-16 05:24:58

Ethereum has recently broken a prolonged downtrend and is currently at a critical juncture.

The price is now testing an important supply pressure zone — between $3300 and $3400. This area is crucial for the subsequent trend.

From here, if ETH can effectively break through and stabilize above $3400, it is expected to accelerate towards $3900. This means the rebound will gain new momentum.

But what if it fails to hold this level? Then the downside space opens up, and the price could retrace to around $3000.

In simple terms, the next market movement depends on whether this red zone can be broken. It will determine Ethereum’s next phase — whether to continue breaking upward or to return to lower levels. Currently, there is hesitation, but it won't last too long.

ETH0.37%

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APY_Chaser

· 01-16 21:02

Is the 3400 level really that difficult? It feels like ETH has been stalling here for a while.

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FalseProfitProphet

· 01-16 05:55

Can this key level at 3400 be broken? To be honest, I can't predict it either, but if it breaks through, it will directly head towards 3900.

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Degen4Breakfast

· 01-16 05:43

3400 is really stuck tightly at this level, it feels like ETH has been entangled here for a long time. Can't see through it, is it going to break out or crash down?

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NightAirdropper

· 01-16 05:41

This critical level of 3400 really depends on these two days—either upward or crashing, no middle ground.

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MidnightGenesis