Opinion: Ethereum must hold the $3,085 level to maintain its upward trend

BlockBeats News, January 19, according to analyst @alicharts, in the past two weeks, the number of daily active addresses on Ethereum has doubled, exceeding 800,000, indicating a renewed increase in network participation. Recently, the most concentrated buying range for Ethereum ETF has been 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 breakout above the resistance at $3,400 could trigger a move toward $3,660, and potentially even further up to $4,000.