Ethereum Surpasses $3,100, Indicating Potential Market Resurgence
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Price Breakthrough: Ethereum's price has risen to $3,100, with a daily gain of approximately 0.14%, indicating a technical breakout that, while not linked to any protocol or governance changes, reflects a renewed interest among market participants.
- Trading Activity: Major exchanges like Gate.io and Binance reported similar modest gains, suggesting overall market sentiment is stabilizing, despite the absence of significant capital movements or financial shocks.
- Support Level Analysis: Trader Ted anticipates Ethereum may retest support levels between $3,020 and $3,050, and if it holds above these levels, it could initiate the next upward leg, highlighting the market's focus on price stability.
- Technical Analysis Outlook: Analyst Crypto_Scient noted Fibonacci extension targets between $3,250 and $3,300, indicating that maintaining momentum above $3,100 could reignite interest in Ethereum-related assets and DeFi activities.
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.
