Ethereum Double Bottom Pattern Signals Potential Recovery to $3,900
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Technical Breakthrough: Ethereum's daily chart reveals a double bottom pattern, potentially signaling a price recovery towards $3,900, representing an approximate 20% upside, prompting market analysts to closely monitor this critical technical signal.
- Support Level Defense: This pattern has been developing since Q4 last year, indicating consistent demand at specific price zones, and the successful defense of this support level enhances the pattern's validity, likely attracting more investors.
- Key Resistance Challenge: Ethereum must overcome the crucial 200-day exponential moving average (EMA) resistance, having failed to maintain above this level twice in the past; a successful breakout could initiate a new bullish cycle.
- Market Psychology Impact: The current technical setup aligns with regulatory developments, institutional adoption, and network upgrades, indicating that market psychology around key support and resistance levels significantly influences price movements.
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.
