Ethereum: Technical signals indicate breakout potential

Anon4461 · 2026-01-15T14:23:29+00:00

The technical analysis of Ethereum indicates a critical phase with a price of $3.38K. A bullish flag pattern suggests potential upward movement, while the Gaussian channel's midpoint may serve as a pivotal point. Despite bullish signals, warnings of possible consolidation linger if $2800 isn't surpassed.

Anon4461

2026-01-15 14:23:29

Abstract generation in progress

The technical analysis currently shows an interesting market picture for Ethereum. With a current price of $3.38K, ETH is in a critical phase where multiple indicators converge and traders take notice.

The Bullish Flag Pattern in Focus

On the daily chart, a bullish flag is emerging, displaying classic consolidation features. The price stabilizes between $2400 and $2750 and simultaneously tests resistance in the $3000 to $3100 range. Market observers expect that a stable breakout above the $2600 mark could lead to an increase toward $3600 , which would correspond to a further upward movement from the current levels.

Middle Line of the Gaussian Channel as a Turning Point

A significant technical indicator is the middle line of the 2-week Gaussian channel, which ETH is currently trying to regain. The historical data tell a clear story: every time Ethereum traded above this line, significant rallies followed. In 2023, ETH experienced a 93% increase to the $4000 mark after similar setups. Even more impressive was 2020, with a growth of 1820%. There was also an attempt to break above this line in 2022, which failed in August, but the structure remains significant.

Golden Cross as an Acceleration Signal

Analyst Merlijn points to a classic bullish sign: the 50-day SMA and the 200-day SMA have formed a Golden Cross. This technical alignment could further enhance ETH’s breakout potential and indicates a trend reversal to the upside.

Warning Signs and Consolidation Risks

However, there is also a cautionary note from traders: XO warns of sideways movements if Ethereum does not break through the $2800 mark in the short term. In this case, consolidation could last for several weeks. Immediate support is around $2150 and $1900, where buyers might step in again.

The coming days and weeks will be crucial in determining whether the bullish signals prevail or if Ethereum needs a pause.

ETH-1,67%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.