Ethereum Fails to Break $3,300 Resistance as Demand Cools
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Resistance Unbroken: Ethereum's price has once again stalled at the $3,300 resistance level, currently trading around $3,115, reflecting a lack of confidence in breaking through as it has declined 0.7% over the past 24 hours.
- Demand Signals Weakening: The Coinbase Premium Gap has dropped to -2.29, marking a 10-month low, indicating that U.S. institutional demand is fading, which could impact future price movements.
- ETF Outflows: U.S. spot Ethereum ETFs experienced $51.5 million in net outflows on January 8, marking the second consecutive day of withdrawals, which adds pressure to short-term market sentiment.
- Technical Analysis: Ethereum remains below the 50-day moving average of $3,260, indicating a lack of strong upward momentum; if it fails to break above $3,300, attention may shift back to the $3,000-$3,050 support range.
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.
