View: Ethereum Must Hold $3085 Level to Sustain Uptrend

BlockBeats News, January 19th, according to analyst @alicharts, in the past two weeks, the daily active addresses on Ethereum have doubled, exceeding 800,000, indicating a renewed network participation. The most concentrated range for Ethereum ETF buy orders recently is between $3,119 and $2,772, making this range a key support area.

From a technical perspective, Ethereum continues to consolidate within a triangle on the daily chart. As long as the price remains above the support level of $3,085, a breakthrough of the resistance level at $3,400 could trigger a move towards $3,660, and possibly even further to $4,000.