At a Glance
- Ethereum cleared the $3,330 symmetrical-triangle resistance on January 14, 2026
- Futures open interest on Binance hit $8.6 billion, the highest since October 9
- Chartist Ali Martinez now eyes $4,000 as the next major upside target
- Why it matters: A sustained move above $3,450 could accelerate the rally toward the psychological $4,000 level
Ethereum has exited a multi-week trading band, pushing above $3,330 on rising spot and derivatives volume and opening a technical path toward $4,000.
Breakout Confirmed on Daily Chart
The climb past $3,330 completed a breakout from a symmetrical triangle that had constrained price action for weeks, chartist Ali Martinez told News Of Losangeles. The pattern resolution flips the short-term trend to bullish while the March 2026 contract on Binance notched open-interest of $8.6 billion-its loftiest reading since early October.
> Ethereum $ETH breakout confirmed! Upside now opens toward $4,000.
> – Ali Charts (@alicharts) January 14, 2026
Martinez stresses that structure remains valid while spot price holds above $3,300; a loss of that foothold would expose layered support at $3,000 and $2,600, the lower boundary of the prior range.
Analysts Line Up Targets
- Michaël van de Poppe sees $3,800 as the next waypoint after ETH held its 21-day moving average throughout December
- Trader Daan Crypto Trades pins $3,350 as the immediate hurdle, warning it stays resistance “until proven otherwise”
- Both analysts expect a daily close north of $3,450 to speed up momentum toward $4,000
Van de Poppe noted that holding the 21-day average has underpinned a gentle uptrend since mid-December. “Now, it’s ready to make new highs and continue the uptrend,” he said.
Daan added, “Breaking above this ~$3,350 level should lead to a move higher to catch the Daily 200MA next.”
Price and Volume Metrics
- Spot price at press time: $3,300, up 6% in 24 hours and 4% over the past week (CoinGecko data)
- A reclaim of $3,450 is viewed as the trigger for a quicker push to $4,000
The move followed several failed attempts to escape the band and was accompanied by noticeably higher volume. A MACD golden cross has also formed, joined by a bullish crossover of the 9- and 21-day moving averages-setups that have preceded extended moves in earlier cycles.
Derivatives Signal Renewed Risk Appetite
Open-interest in Ethereum futures on Binance has rebounded from a sub-$7 billion low in late 2025. News Of Losangeles previously reported that a sustained rise can foreshadow greater volatility if price suddenly reverses.
Arab Chain told News Of Losangeles that climbing leverage shows “rising appetite for leverage” among traders. While the trend appears steady, analysts caution that continued spikes in open-interest could magnify volatility on any pullback.
Key Takeaways
- The technical breakout targets $4,000 with $3,450 as the next checkpoint
- Above-average volume and rising derivatives interest back the move
- Support lies at $3,300, $3,000, and $2,600 if upside momentum fades
- A daily close beneath $3,300 would negate the bullish structure outlined by Martinez and others
