Ethereum Faces $3,500 Resistance as Market Sentiment Remains Cautious
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Price Resistance Analysis: Ethereum is stalling near the $3,500 resistance level, having regained buyer confidence after bouncing back to the $2,600 demand area in December, yet this resistance zone has repeatedly rejected price advances, indicating strong seller defense.
- Cautious Market Sentiment: With open interest in Ethereum derivatives near $18 billion, below the Q3 2025 peak, traders are active but leverage levels remain controlled, suggesting a cautiously optimistic market sentiment without the aggressive long squeezes seen in other markets.
- Technical Pattern Observation: The 4-hour chart reveals a symmetrical triangle formation, compressing prices near the $3,000 support level; a breakdown below this support could quickly change market tone, with sellers targeting the $2,600 to $2,500 range.
- Future Trend Forecast: A successful breakout above the $3,500 resistance could pave the way toward the $4,000 supply zone, but without volume confirmation, breakouts may fail, necessitating close monitoring of market dynamics.
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.
