Ethereum USD Recovers to $3,001 as 3.37% Daily Gain Tests $3,245 Resistance
Ethereum USD (ETHUSD) is trading at $3,001.80 as of January 28, 2026, up 3.37% over the past day. The second-largest cryptocurrency by market cap has recovered from recent weakness, with trading volume reaching 237.7 million units. Market participants are watching key resistance at $3,245.91 and support at $2,771.08. Understanding the current price action and technical setup is essential for tracking Ethereum USD’s near-term direction.
Ethereum USD Price Action and Market Overview
Ethereum USD is trading near the middle of its Bollinger Bands at $3,001.80, showing balanced momentum between buyers and sellers. The daily high of $3,041.67 and low of $2,979.21 reflect a tight trading range. Over the past month, ETHUSD has gained 2.67%, while the three-month performance shows a decline of 26.57%. The 50-day moving average sits at $3,069.23, slightly above the current price, suggesting mild selling pressure from longer-term traders. Volume relative to average is 1.09x, indicating slightly elevated activity without extreme conviction.
Ethereum USD Technical Analysis
The RSI at 49.07 shows neutral momentum, neither overbought nor oversold, suggesting the market lacks strong directional bias. The MACD histogram at 29.38 indicates bullish momentum building, though the signal line at -26.88 remains negative. The ADX at 24.43 signals a weak trend, meaning price movement lacks strong directional strength. Bollinger Bands show ETHUSD trading between the lower band at $2,771.08 and upper band at $3,245.91, with the middle band at $3,008.50 acting as dynamic support. The Awesome Oscillator at 129.12 suggests positive momentum, though traders should watch for divergence signals.
Ethereum USD Price Forecast
Monthly Forecast: ETHUSD is projected to reach $2,536.09, representing a 15.5% decline from current levels. This forecast reflects potential consolidation or pullback in the near term. Quarterly Forecast: The three-month target stands at $2,787.04, a 7.2% decrease, suggesting stabilization after the monthly decline. Yearly Forecast: By end of 2026, ETHUSD is forecast at $3,636.09, a 21.2% gain from today’s price, indicating recovery and upside potential. This forecast assumes normal market conditions and no major regulatory disruptions. Forecasts may change due to market conditions, regulations, or unexpected events.
Market Sentiment and Trading Activity
Trading volume at 237.7 million units is slightly above the 30-day average of 262.7 million, showing moderate participation. The Money Flow Index at 61.91 indicates strong buying pressure, with capital flowing into ETHUSD despite the recent decline. The Stochastic %K at 55.59 and %D at 72.13 suggest the market is approaching overbought conditions on shorter timeframes. Liquidation data shows mixed signals, with both long and short positions vulnerable at key levels. The market sentiment appears cautiously optimistic, with buyers defending support levels while sellers test resistance.
Key Support and Resistance Levels for Ethereum USD
The primary support level is at $2,771.08, marked by the lower Bollinger Band and Keltner Channel support. A break below this level could trigger further selling toward $2,500. The secondary support sits at $2,926.85, the previous close, where buyers have shown interest. Resistance is concentrated at $3,245.91, the upper Bollinger Band, where sellers have historically stepped in. A break above $3,245 could open the path to $3,371.54, the Keltner Channel upper band. The 200-day moving average at $3,671.20 represents longer-term resistance and a potential target for sustained rallies.
What’s Driving Ethereum USD Price Movement Today
Ethereum USD’s 3.37% daily gain reflects renewed buying interest in Layer 2 solutions and staking activity. Recent inflows into Ethereum staking ETFs have provided support, encouraging institutional participation. The broader crypto market recovery has lifted ETHUSD alongside Bitcoin and other major assets. Technical bounces from oversold conditions have attracted short-covering and algorithmic buying. Regulatory clarity in major markets has reduced uncertainty, though geopolitical risks remain. The upcoming Dencun upgrade discussions and developer activity continue to influence sentiment around the Ethereum ecosystem.
Final Thoughts
Ethereum USD is trading at $3,001.80 with a 3.37% daily gain, showing signs of recovery from recent weakness. The technical setup reveals neutral momentum with the RSI at 49.07 and weak trend strength from the ADX at 24.43. Key resistance at $3,245.91 and support at $2,771.08 define the near-term trading range. The monthly forecast of $2,536.09 suggests potential downside, while the yearly target of $3,636.09 implies longer-term recovery potential. Market sentiment remains cautiously optimistic, with elevated Money Flow Index readings supporting buying pressure. Traders should monitor volume patterns and the $3,245 resistance level for confirmation of sustained uptrend. The Ethereum USD price action reflects broader crypto market dynamics, with institutional interest in staking and Layer 2 solutions providing fundamental support. As always, risk management and position sizing remain critical when trading volatile assets like ETHUSD.
FAQs
Ethereum USD gained 3.37% on January 28, 2026, driven by renewed buying interest in staking ETFs and Layer 2 solutions. Technical bounces from oversold conditions and short-covering also contributed to the rally. Broader crypto market recovery lifted ETHUSD alongside other major assets.
The yearly forecast for Ethereum USD is $3,636.09, representing a 21.2% gain from current levels. The monthly target is $2,536.09, suggesting near-term consolidation. The quarterly forecast stands at $2,787.04, indicating stabilization before longer-term recovery.
The primary resistance for ETHUSD is at $3,245.91, marked by the upper Bollinger Band. A break above this level could open the path to $3,371.54 at the Keltner Channel upper band. The 200-day moving average at $3,671.20 represents longer-term resistance.
The RSI at 49.07 shows neutral momentum, neither overbought nor oversold. The Stochastic %D at 72.13 suggests approaching overbought conditions on shorter timeframes. Overall, ETHUSD lacks extreme momentum readings, indicating balanced market conditions.
The primary support is at $2,771.08, the lower Bollinger Band. Secondary support sits at $2,926.85, the previous close. A break below $2,771 could trigger selling toward $2,500, a critical psychological level for Ethereum USD.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
