Ethereum Breaks Descending Channel, Support at $3,000
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 04 2026- Trend Reversal Signal: Ethereum has broken above a long-standing descending channel on the 12-hour chart, indicating that sellers are losing momentum while buyers gradually regain control, potentially opening the door to higher price ranges.
- Momentum Indicators Turning Bullish: Momentum indicators such as RSI and MACD are showing bullish signals, with RSI hovering near overbought territory and MACD crossing into positive territory, reflecting strong buying pressure that may attract more buyers in the short term.
- Key Support Level: The former channel resistance has now turned into support, located in the $3,000 to $3,100 range, and holding above this level would further solidify the bullish narrative, while a sharp rejection could signal a market pullback.
- Upside Target Zones: Key upside zones to watch include $3,410, $3,770, $4,250, and $4,680, and breaking through these levels could trigger significant upward movement, altering the market structure.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
