Overview
- ETH is trading just over $3,100 following a Jan. 2 surge, with traders watching a retest of the $3,020–$3,050 zone for confirmation.
- Immediate resistance is outlined at $3,160–$3,240 and $3,320–$3,400, while failure to hold support could shift focus to $2,780–$2,820 and $2,550–$2,600.
- December posted record inflows to accumulation addresses, and increasing validator deposits continue to remove ETH from circulation.
- Short‑term activity has climbed, with 24‑hour volume reported above $17 billion and large holders adding to positions.
- Analysts are cautiously optimistic, citing potential upside targets around $3,250–$3,500 contingent on a successful support hold and sufficient liquidity.