2026-01-16 08:26:58

How does Ethereum look now? From a technical perspective, the price is currently stuck in a high-level oscillation pattern, and it is likely to experience a wave of retracement and testing next.

The most critical area is the $3200-$3260 range; whether it can hold the decline is very important. Be especially cautious of the market dropping straight down, which could test the $3160 level. It's important to be psychologically prepared for this.

On the other hand, if the price stabilizes in this support zone, the rebound strength is often quite fierce. Once the rebound is confirmed to be effective, the target range opens up, potentially aiming for the $3600-$4000 zone. The $3450 level is very crucial—it directly determines whether a strong upward attack pattern can form later.

The overall approach is: watch support → wait for rebound → monitor resistance.

ETH-1.69%

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LightningSentry

· 3h ago

This 3200 threshold really needs to be maintained; otherwise, a mental breakdown could happen at any moment.

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MetaverseLandlord

· 6h ago

If 3260 can't hold, it's going to break out. Bet on it, support level to be tested.

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DaoGovernanceOfficer

· 6h ago

empirically speaking, this support/resistance framework is just... technical analysis theater? the data on whether retail traders actually respect these price levels is honestly inconclusive. where's the on-chain volume distribution analysis? anyone citing 3200-3260 without addressing order book depth is just pattern-matching imo

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MEV_Whisperer

· 6h ago

If you can't hold onto 3200, you're doomed. You need to prepare yourself mentally.

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GasFeeVictim