Ether in a volatile zone: What to watch out for during the trading session

GasFeeDodger · 2026-01-04T18:24:56+00:00

Ethereum remains under pressure near the psychological level of $2900. Currently priced at $3.13K, with a slight 0.82% increase over 24 hours, it indicates a prolonged downtrend. Traders should monitor price behavior in this critical zone, as failure to regain $2900 may lead to further declines. Watching trading volumes and major market players' positions is crucial.

GasFeeDodger

2026-01-04 18:24:56

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Ethereum continues to demonstrate pressure around the psychological mark of $2900. Recent data shows that ETH has fallen below this important resistance level, indicating a prolonged downward trend in the short term.

How should one interpret the situation with the coin? The current price of Ethereum is $3.13K as of the latest data ( as of January 4, 2026 ), with a slight increase of +0.82% over the past 24 hours. However, this minor gain does not change the overall positioning of ETH near the upper bounds of the price range.

Traders should continue to monitor the price behavior within this critical zone. If Ethereum cannot recover above $2900, further decline can be expected. At this point, key factors to watch will be trading volumes and the positions of major market players.

ETH0.31%

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