$ETH According to Binance Market Data, Ethereum’s price briefly dropped below the 3,100 USDT level on January 3, 2026, at 16:24 UTC, trading around 3,099.27 USDT with a modest 0.15% decline over the past 24 hours.
This pullback comes amid mixed price action in the broader crypto market as traders grapple with short-term resistance and support levels around key psychological price zones. Recent market data around Ethereum shows fluctuating momentum near the 3,000–3,100 USDT range, which has acted as both support and resistance in recent sessions.
Market Context & Technical Levels
Ethereum has been hovering around critical levels near $3,000, with recent sessions seeing both breakouts above and dips below this price point.
Analysts and traders highlight that the $3,000–$3,100 band is an important zone, where liquidation clusters and resistance/supply pressures can influence short-term price direction.
In the wake of the small decline, industry observers note that ETH’s ability to stay above $3,000 continues to be a significant marker for bullish sentiment in early 2026.
What Traders Are Watching
The narrow 0.15% 24-hour drop suggests relative stability rather than sharp bearish momentum. Traders are likely watching:
Support near $3,000 and below, which has historically acted as a pivot zone.
Resistance above $3,100–$3,130, where selling pressure tends to emerge.
Short-term technical indicators that could signal continuation or reversal as the market digests macro and sentiment catalysts.
Broader Crypto Market Activity
While Ethereum experienced a small pullback, other parts of the crypto market show mixed performance, with Bitcoin trading near higher levels and altcoins showing varying momentum — a sign that overall market consolidation is underway after recent volatility.
Summary:
Ethereum briefly dipped below the 3,100 USDT mark on Jan 3, 2026, with a modest 0.15% decline — a relatively small price movement in a range that traders are closely monitoring. The $3,000–$3,100 zone remains a key battleground for short-term direction as markets navigate broader macro and technical factors.
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