{"id":66665,"date":"2026-01-20T16:07:56","date_gmt":"2026-01-20T16:07:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eth-holds-key-trendline-supports-eyes-3360-check-forecast\/"},"modified":"2026-01-20T16:07:56","modified_gmt":"2026-01-20T16:07:56","slug":"eth-holds-key-trendline-supports-eyes-3360-check-forecast","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eth-holds-key-trendline-supports-eyes-3360-check-forecast\/","title":{"rendered":"ETH holds key trendline supports, eyes $3,360: Check forecast"},"content":{"rendered":"

(Originally posted on : Ethereum News, Latest Stories & Analysis | Invezz )<\/b>
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The cryptocurrency market began the new week bearish, with Bitcoin dropping below $93k, while Ether held the $3,150 support level.\u00a0<\/p>\n

Ethereum recorded mixed sentiments in its on-chain activity over the past week. <\/p>\n

During that period, whales accumulated amid a surge in network activity, while retailers reduced their exposure as escalating geopolitical tensions over Greenland affected prices.\u00a0<\/p>\n

Whales accumulate, retailers reduce risk<\/h2>\n


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Ether, the second-largest cryptocurrency by market cap, is down 0.5% in the last 24 hours and has dropped below $3,180. The bearish performance comes after the cryptos slumped on Monday.<\/p>\n

ETH\u2019s performance also follows mixed sentiments in the market. On-chain data reveals that whales in the 10K-100K ETH bracket topped their collective holdings by a modest 190K ETH last week.\u00a0<\/p>\n

However, the buying has faded over the past few days following geopolitical tensions between the US and key European countries.<\/p>\n

Meanwhile, retailers in the 1K-10K and 100-1K ETH range continue to reduce their exposure to the market. <\/p>\n

They reduced their collective balance by more than 510K ETH over the past week.<\/p>\n

The mixed sentiment among investors comes despite a steady surge in Ethereum\u2019s network activity. <\/p>\n

Last weekend, weekly active addresses on the network spiked from levels previously reported to a new all-time high above 706,000. <\/p>\n

In addition to that, daily transactions surged to a new all-time high.<\/p>\n

In addition to that, the network activity surge hasn\u2019t negatively affected fees. Fees have continued to decline to new lows. <\/p>\n

This was different from what was experienced in the past, when network activity growth often translated into high transaction costs. <\/p>\n

The change stems from the various network upgrades over the years.\u00a0<\/p>\n

Ether could bounce back above $3,300 if the support level holds<\/h2>\n


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The ETH\/USD 4-hour chart remains bearish as Ether has lost nearly 4% of its value in the last two days. <\/p>\n

The decline sparked $120.6 million in long liquidations since Monday, with bulls suffering huge losses.\u00a0<\/p>\n

The leading altcoin has held the $3,060 support level over the past few days, and this could serve as a springboard to enable it rally higher. <\/p>\n

The bears could retest the $3,060 support line in the near term.\u00a0<\/p>\n

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If the support level holds, Ether could bounce off the trendline and rally towards the 200-day EMA over the next few days. <\/p>\n

An extended bullish run would allow ETH to hit the $3,360 resistance level for the second time in a week.\u00a0<\/p>\n

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators on the 4-hour chart have declined below their neutral levels. A firm move below will accelerate the bearish momentum, with the RSI currently reading 42.\u00a0<\/p>\n

If the bearish trend continues, ETH could retest the $3,060 support level over the next few hours. An extended bearish run could see ETH decline below $3k for the first time this year.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Ethereum News, Latest Stories & Analysis | Invezz ) The cryptocurrency market began the new week bearish, with Bitcoin dropping below $93k, while Ether held the $3,150 support level.\u00a0 Ethereum recorded mixed sentiments in its on-chain activity over the past week. During that period, whales accumulated amid a surge in network […]<\/p>\n","protected":false},"author":14,"featured_media":66666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66665"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=66665"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/66666"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=66665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=66665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=66665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}