At a Glance
- Ethereum reclaimed $3,200 after an 8% weekly climb
- ETF inflows hit $168.13 million on January 5
- Technical resistance looms at $3,250
- Why it matters: Fresh money and chart signals could decide whether ETH tests $4,000 or slips back to $3,000
Ethereum is back above $3,200 for the first time in three weeks, powered by steady institutional inflows and a clean technical bounce off key support.
Price Action & Key Levels
The second-largest crypto added 2% in 24 hours and 8% over the week, pushing 24-hour trading volume above $26 billion.
- Immediate hurdle: $3,250 on the 4-hour chart
- Downside buffer: Demand zone from $2,950 to $3,000
- Major target: Double-bottom pattern projects toward $4,000
Trader Tardigrade flagged the double-bottom formation on the 3-day chart, setting $4,000 as the measured move if the pattern confirms.
ETH/BTC Dynamics
Against bitcoin, ether bounced off the 21-day moving average near 0.035 BTC. Michaël van de Poppe called the retest “clean” and said it confirms underlying support.
> “On that level, you want to see some support test to hold, and that happened.”
He notes that continued ETF inflows are reinforcing the uptrend. The demand zone between 0.03 and 0.033 BTC has held multiple times since late 2025. A break above 0.036-0.037 BTC could unlock the next leg higher.
Analyst Outlook
- Lennaert Snyder sees $3,250 as the line in the sand; a clean reclaim opens $3,450, while rejection risks a drop to $2,950
- StockTrader_Max maintains a $4,100 target but warns a $3,000 pullback may come first, aligning with the 0.618 Fibonacci level and 50-day MA
Institutional Flows
BitMine staked over $2 billion in fresh ETH, underscoring long-term conviction. U.S.-listed ETFs added $168.13 million on January 5, per SoSoValue data, keeping the buy pressure intact.
Key Takeaways
- ETH’s reclaim of $3,200 comes alongside steady ETF inflows and a solid ETH/BTC support retest
- $3,250 is the immediate technical trigger; break targets $3,450, fail risks $2,950
- A confirmed double-bottom pattern on the 3-day chart eyes $4,000
With institutions adding stake and charts lining up, all eyes are on $3,250 to see if ethereum can extend its climb toward $4,000 or needs another dip toward $3,000 first.
