$ETH As of January 16, 2026, Ethereum (ETH) is showing a strong bullish reversal after breaking through the critical $3,300 resistance level this week. The chart displays a clear exit from a two-month consolidation phase, supported by a surge in daily active addresses and record-breaking staking levels. Technical indicators like the 200-day moving average now serve as support, with analysts eyeing $4,100 as the next major target. While still below its all-time high, the current "symmetrical triangle" breakout suggests significant upward momentum fueled by institutional ETF inflows. On-chain data confirms this shift, with transaction volumes spiking over 120% compared to last year as Layer 2 scaling takes hold. Major financial institutions have even revised their 2026 targets upward, with some projecting a rise toward $7,500 by year-end.

ETH
ETHUSDT
3,003.62
+0.89%

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