Ethereum (ETH) Approaches Key $3,900 Level Amid 10% January Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Price Structure Analysis: Ethereum (ETH) is forming a daily double bottom structure in Q4 2025, targeting a price of $3,900, which is approximately 20% above current levels, and a confirmed breakout could significantly boost market confidence.
- Key Trend Line: The 200-period exponential moving average (EMA) is the critical trend line ETH must reclaim; since November, ETH has failed twice to break this level, and a sustained close above it would signal a shift in long-term trend.
- Volume Dynamics: Data from CryptoQuant indicates that both spot and futures market volumes have trended upward over the past three weeks, reflecting strong demand for ETH, particularly driven by retail investors' aggressive buying.
- Whale Behavior Analysis: Despite retail and mid-sized traders posting positive deltas of $3.4 million and $28 million respectively over the past six days, whale wallets recorded a negative $40 million cumulative delta, indicating a divergence among market participants that could impact ETH's future trajectory.
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.
