<\/strong>Current Price:<\/strong> $3,220\u2013$3,225 (ETH\/USDT)<\/p>\n\n\n\n
Trend Structure:<\/strong> Despite the short-term recovery, the broader trend remains corrective, as price has not yet reclaimed higher timeframe resistance zones.<\/p>\n\n\n\n Moving Averages & Volume:<\/strong> The 200 EMA near $3,350\u2013$3,400 continues to act as a major overhead supply zone.<\/p>\n\n\n\n The recent upside move lacks strong conviction and requires confirmation through expansion.<\/p>\n\n\n\n Key Support & Resistance Levels:<\/strong> Resistance Levels<\/strong> A decisive close above R1 could expose R2, while a loss of S1 would invalidate the rising structure.<\/p>\n\n\n\n Probable Breakout \/ Breakdown Scenarios<\/strong><\/p>\n\n\n\n Bullish Case:<\/strong> A sustained daily close above $3,300, accompanied by volume expansion, would confirm a breakout from the compression structure and open upside potential toward $3,350\u2013$3,400.<\/p>\n\n\n\n Bearish Case:<\/strong> Failure to hold the ascending trendline from 21st November, followed by a breakdown below $3,000, could trigger a move back toward the $2,800 demand zone.<\/p>\n\n\n\n At the time of writing, ETH was trading at $3,220.<\/p>\n\n\n\n Summary:<\/strong> ETH is trading within a tightening structure, supported by a rising trendline from 21st November while facing rejection from long-term descending resistance. The short-term bias is improving, but price remains below major moving averages, keeping the broader trend corrective. A sustained breakout above the $3,300 zone could trigger further upside, while a breakdown below $3,000 would weaken the current structure and expose lower supports.<\/p>\n\n\n\n Key Levels:<\/strong><\/p>\n\n\n\n In the grand scheme of things, ZebPay blogs<\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on ZebPay<\/a><\/p>\n\n\n\n
<\/strong>ETH is trading within a compression phase, where price is forming higher lows along an ascending trendline drawn from the 21st November low, while facing consistent rejection from a descending resistance trendline originating from the September\u2013October highs. This structure resembles a tightening wedge, indicating a potential directional expansion ahead.<\/p>\n\n\n\n
<\/strong>Price is currently testing the 20 and 50 EMA but remains below the 100 EMA and 200 EMA, reflecting ongoing bearish pressure at higher levels.<\/p>\n\n\n\n
<\/strong>Support Levels<\/strong>
<\/strong>S1: $3,000 \u2013 Confluence of a psychological level and the rising trendline from 21st Nov
S2: $2,800 \u2013 Major demand zone and November swing low<\/p>\n\n\n\n
<\/strong>R1: $3,250\u2013$3,300 \u2013 Descending trendline resistance + EMA cluster
R2: $3,350\u2013$3,400 \u2013 200 EMA and higher timeframe supply zone<\/p>\n\n\n\n![\"\"](\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-06-084803-1024x420.png\")
<\/figure>\n\n\n\n Support 2<\/strong><\/td> Support 1<\/strong><\/td> Asset<\/strong><\/td> Resistance 1<\/strong><\/td> Resistance 2<\/strong><\/td><\/tr> $2,800<\/td> $3000<\/td> ETH<\/strong><\/td> $3,300<\/td> $3,400<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n