Ethereum price is struggling below the $3,500 resistance while Bitcoin gains. ETH is consolidating above $3,150 and might aim for an upside break.

• Ethereum failed to gain pace for a close above $3,400 and $3,450.
• The price is trading above $3,300 and the 100-hourly Simple Moving Average.
• There is a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start another increase if it clears the $3,400 resistance level.

Ethereum Price Aims Key Upside Break

Ethereum price started a decent upward move from the $3,200 level but upsides were limited compared to Bitcoin. ETH cleared the $3,250 resistance to move into a short-term bullish zone.

The bulls were able to push the price above the $3,300 resistance zone. Besides, there was a clear move above the 50% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low. However, the bears are still active below $3,400.

Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level or the 61.8% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low.

There is also a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH/USD. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,445.

A clear move above the $3,445 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250.

A clear move below the $3,250 support might push the price toward the $3,200 support. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,050.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,200

Major Resistance Level – $3,400

Bitcoin, the leading cryptocurrency, has once again captured the spotlight after rallying to a new all-time high of $109,699. 

With the $110,000 milestone in sight, Bitcoin’s recent price action is being closely monitored by investors. A combination of sustained market conditions and renewed institutional interest has positioned the crypto king for potentially historic gains. 

Bitcoin Investors Are Bullish

Market sentiment has shown a significant shift in recent weeks, particularly through the lens of Coin Days Destroyed (CDD). Late 2024 saw a period of elevated CDD, signaling heavy activity among Bitcoin long-term holders (LTHs) cashing out during the rally. 

However, January has brought a notable cooldown in CDD, indicating reduced selling pressure from these key investors. This trend suggests that most profit-taking among LTHs is complete, paving the way for a more stable price trajectory.

Low CDD is often interpreted as a positive sign for Bitcoin’s recovery. It reflects conviction among long-term investors, who are holding onto their coins rather than selling into the market. Such investor behavior typically builds confidence and supports upward price momentum, providing a favorable backdrop for Bitcoin’s push to $110,000 and beyond.

Bitcoin’s macro momentum has also gained strength, supported by the accumulation activity of smaller investors, often referred to as “Shrimps” and “Crabs.” These holders, who possess less than 10 BTC, collectively added over 25,600 BTC worth approximately $2.71 billion. This surge in accumulation is proof of growing confidence among retail investors.

The Shrimp-to-Crab balance spike indicates a broad base of support for Bitcoin’s price. This demographic’s increasing participation reflects long-term bullish sentiment. Their buying activity often stabilizes the market, acting as a cushion during corrections and amplifying price rallies during bullish phases.

BTC Price Prediction: Onto New High

Bitcoin’s recent all-time high of $109,699 was fueled by strong market fundamentals and strong investor sentiment. If momentum continues, the cryptocurrency could breach the $110,000 mark, cementing its position as a high-performing asset in 2025. This milestone would likely attract additional buying interest, reinforcing Bitcoin’s bullish outlook.

To secure its ascent, Bitcoin must establish $105,000 as a strong support level. Currently trading around $105,562, the crypto king appears well-positioned to achieve this. A successful defense of this support zone could propel Bitcoin to new highs, unlocking further upside potential.

However, failure to maintain $105,000 as support could lead to a retracement toward $100,000. Such a decline would negate Bitcoin’s recent gains and dampen short-term bullish sentiment, raising the risk of prolonged consolidation before a renewed rally.

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