๐ AsadEdge | $ETH Deep Analysis
๐ Saturday, 31 January 2026
๐ Time: 10:30 AM PKT
๐ฐ Price: 2,699.41
Trend: Bearish โ Ethereum has been in a sustained decline throughout January, consistently making lower highs and lower lows. It is currently trading significantly below its major moving averages, indicating that sellers remain in full control of the trend.
Support: 2,636 / 2,500 / 2,111
Resistance: 2,800 / 3,060 / 3,286
Deep Insight:
Ethereum is currently struggling to find a bottom after breaking below the $3,000 psychological support earlier this month. The price action shows a heavy rejection near the $3,200 level, which has now turned into a formidable resistance zone.
Technically, ETH is approaching a major long-term demand zone near $2,600. While we might see a short-term relief bounce due to oversold conditions, the overall market structure remains weak. A confirmed daily close above $3,000 is required to shift the sentiment back to bullish; otherwise, a retest of the $2,111 support remains a realistic possibility in the coming weeks.
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#CZAMAonBinanceSquare
๐ Saturday, 31 January 2026
๐ Time: 10:30 AM PKT
๐ฐ Price: 2,699.41
Trend: Bearish โ Ethereum has been in a sustained decline throughout January, consistently making lower highs and lower lows. It is currently trading significantly below its major moving averages, indicating that sellers remain in full control of the trend.
Support: 2,636 / 2,500 / 2,111
Resistance: 2,800 / 3,060 / 3,286
Deep Insight:
Ethereum is currently struggling to find a bottom after breaking below the $3,000 psychological support earlier this month. The price action shows a heavy rejection near the $3,200 level, which has now turned into a formidable resistance zone.
Technically, ETH is approaching a major long-term demand zone near $2,600. While we might see a short-term relief bounce due to oversold conditions, the overall market structure remains weak. A confirmed daily close above $3,000 is required to shift the sentiment back to bullish; otherwise, a retest of the $2,111 support remains a realistic possibility in the coming weeks.
๐ Follow AsadEdge ๐ฒ for next update.
#CZAMAonBinanceSquare