Ethereum Surpasses $3,000, Market Awaits Confirmation for Sustained Gains
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Price Breakthrough: Ethereum (ETH) is currently priced at $3,045.18, up 2.2% in the last 24 hours, having surpassed the critical psychological level of $3,000, which, if maintained, could propel prices toward the $3,165 to $3,250 range, boosting market confidence.
- Support Level Analysis: Should ETH fail to hold above $3,000, it risks falling below $2,935, potentially testing support levels at $2,850 and $2,775, reflecting a cautious market sentiment regarding price volatility.
- Trading Momentum Observation: The ETH/BTC pair remains above 0.0333 and the 200-day EMA, indicating stability but lacking strong upward momentum; a breakthrough to 0.036 or 0.038 could attract more buying interest.
- Market Sentiment: Traders are adopting a wait-and-see approach regarding ETH's ability to stay above $3,000, with upcoming daily closes likely determining market direction; a drop below this level could lead to sideways trading, impacting short-term trading strategies.
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.
