Technical Analysis

ETH January 11, 2026: Critical Resistance Test in the Uptrend

ETH

ETH/USDT

$3,125.87
+1.15%
24h Volume

$7,783,123,970.67

24h H/L

$3,147.27 / $3,089.65

Change: $57.62 (1.86%)

Long/Short
70.6%
Long: 70.6%Short: 29.4%
Funding Rate

+0.0057%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$3,128.12

0.15%

Volume (24h): -

Resistance Levels

Resistance 3$3,308.86
Resistance 2$3,231.38
Resistance 1$3,145.90
Price$3,128.12
Support 1$3,080.87
Support 2$3,004.19
Support 3$2,866.55
Pivot (PP):$3,120.88
Trend:Uptrend
RSI (14):54.0
CR
COINOTAG Research
(11:04 PM UTC)
5 min read

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Ethereum (ETH) is stabilizing at $3,111 while maintaining its upward trend; however, combined MTF confluences against the critical $3,126 resistance point to a short-term consolidation or breakout point. RSI's neutral stance at 53 and MACD's bullish histogram indicate that buyers are not yet dominant but momentum is slowly building.

Market Outlook and Current Situation

Ethereum market, as of January 11, 2026, is trading at $3,111.72 amid a mildly optimistic atmosphere. With a 0.96% increase over the last 24 hours, ETH tested the $3,079.93 - $3,147.27 range, supported by $5.97 billion in volume. While this volume indicates stable interest compared to previous days, sustaining the upward trend requires more buyer participation. The overall crypto market is signaling a recovery led by Bitcoin, with ETH poised to lead the altcoin rally.

Within the long-term uptrend framework, ETH has managed to stay above the daily EMA20 ($3,083.50). This provides a short-term bullish signal, while on the weekly timeframe, we see broader confluences: a total of 14 strong levels identified across 1D, 3D, and 1W timeframes (1D: 4 supports/1 resistance; 3D: 2S/1R; 1W: 3S/3R). This multi-timeframe significance reveals that the price is not moving randomly but dancing around institutional-level confluences. High market volume suggests whales are positioning, while those interested in reviewing ETH Spot Analysis have ideal timing in the spot market.

The lack of a prominent catalyst in the recent news flow emphasizes that ETH is following a pure technical story. This silence could turn into either an accumulation phase or profit-taking depending on the current trend. Futures traders can gain an edge by tracking funding rates and open interest changes via ETH Futures Analysis. The overall market outlook indicates a solid uptrend but vulnerability to external factors (macro data or BTC movements).

Technical Analysis: Key Levels to Watch

Support Zones

The most critical support is at $3,081.6781 (score: 87/100), just above the daily low and confluent with EMA20. This zone represents the lower boundary of the last 24 hours, and a bounce from here could confirm trend continuation. In a deeper pullback, $3,005.7515 (68/100) comes into play; this level draws strength from 3D timeframe Fibonacci retracement and stands at the doorstep of psychological $3,000.

As a long-term support, $2,623.5700 (63/100) should be monitored; this level is an extraordinary confluence point on the weekly chart, aligned with previous swing lows. MTF analysis shows these supports are not just numerical values but backed by volume profiles. If buyers defend these zones, ETH can breathe without risking the uptrend.

Resistance Barriers

The first and nearest resistance is $3,126.2503 (71/100), where Supertrend's short-term bearish reading is also creating pressure. If this level holds, price may remain in a tight range; however, in a breakout scenario, the next target becomes Supertrend resistance at $3,440.25. This upper level is reinforced by weekly resistance confluences, making it a critical milestone in an upside scenario.

Resistance barriers were tested with volume profiles seen in the last rally; accumulated sell orders around $3,126 are ready to challenge buyers. A successful breakout, supported by the 1D/1W balance in MTF resistance count, would open the path to higher targets.

Momentum Indicators and Trend Strength

RSI at 53.13 is positioned in the neutral zone; neither overbought nor sellers dominant. This preserves trend solidity while leaving ample room for upside – a typical stance before a 'power zone.' MACD shines with a bullish histogram; positive momentum above the signal line is strengthened by the histogram's widening trend. This duo underscores the short-term uptrend.

Trading above EMA20 confirms short-term bullish bias, while Supertrend's bearish signal balances the long-term view. Trend strength analysis shows ADX at mid-high values (around 25), indicating a solid uptrend but not yet parabolic. Within MTF confluences, momentum indicators paint a balanced picture: Buyers are in control but preparing for resistance tests.

A deeper look reveals Stochastic oscillator's rising crossover and Williams %R shifting from neutral to bullish, sending hidden strengthening signals. No divergence in volume-weighted MACD; this proves the trend is organic. Overall momentum points to uptrend continuation, with RSI hitting 60+ potentially signaling a breakout precursor.

Risk Assessment and Trading Outlook

The risk/reward profile in the current setup is balanced: Reaching bullish targets (around $3,400 Supertrend) conditional on $3,126 breakout yields an R/R of about 1:2.5 (buy from nearby support, target above resistance). In a bearish scenario, a break of $3,081 opens the path to $3,005, then $2,623; here R/R flips to 1:3 for shorts, making it attractive.

Positive scenario: Resistance breach triggers weekly confluences, directing toward $3,440 with volume surge. Negative scenario: Loss of $3,081 tests EMA20 and possible retracement wave. Risks include macro factors (Fed policy, BTC correlation) and liquidity squeezes; volatility may stay in the 25-30% band.

Trading outlook is uptrend-focused but requires discipline at confluence levels. The market will make its next move from these critical zones – exciting days ahead for watchers. A balanced approach is key in this setup offering both long and short opportunities.

Strategy Analyst: David Kim

Macro market analysis and portfolio management

This analysis is not investment advice. Do your own research.

CR

COINOTAG Research

Expert technical analysis and market evaluations. Follow us for up-to-date cryptocurrency analysis.

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