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How long has Ethereum been stuck at the $3300 level? The daily closing amplitude is only 0.4%, and the 1-hour chart suddenly shows a doji star — this is a signal that the market is gathering strength. Both bulls and bears are already in a tense standoff, and a breakout feels imminent.
Why is this rally so strong? There are actually three solid supports behind it. The most aggressive move by institutions — staking 590,000 ETH in one go, with the staking queue reaching a historic high of 900,000 to 1,000,000 ETH. This indicates that big funds are genuinely optimistic, not just talk on paper. Looking at RWA, the on-chain tokenized asset TVL has surpassed $12.5 billion, with Ethereum accounting for 65.5% of it. After Fusaka's upgrade, Layer 2 fees have dropped significantly, making the story of the global settlement layer clearer and clearer.
What does technical analysis say? The area between $3293 and $3296, where the moving averages are dense, forms a strong support. The upper Bollinger Band at $3303 is a key short-term breakout level. Once volume supports and the price stabilizes at this point, the target could be the previous high of $3800, or even the range of $4200 to $4500. Institutional optimism is quite strong — insiders at the White House predict $5413, and Standard Chartered Bank is even more bullish, directly seeing $40,000. The structural rally driven by institutions in 2026 is already starting to take shape.
The current rhythm is like this: if you hold spot holdings, hold firmly; for those still watching, consider deploying gradually within the $3280 to $3310 range, with a stop below $3250. Short-term traders should watch closely for a breakout above $3304; once it happens, add with light positions and avoid stubborn holding. If the price pulls back to the support zone of $3000 to $3100, that might be the last chance to buy in during the first half of the year.
The market is quiet now, but a storm seems imminent. Do you think ETH will break directly above $3310 or retreat first to $3280? Share your thoughts in the comments.