ETH/USD quotes are trading at 2984 and continue to move as part of a developing correction and the formation of a Triangle pattern. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken above the signal lines, indicating buying pressure and potential continued price growth from current levels. Today’s Ethereum forecast anticipates an attempt at a bullish correction and a test of resistance near the 3005 level. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 2765.
Ethereum Forecast and ETH/USD Analysis for January 2, 2026
An additional signal favoring a decline in ETH/USD quotes will be a test of the descending trendline on the relative strength indicator. A second signal will be a rebound from the upper boundary of the Triangle pattern. A strong rise in Ethereum and a breakout of 3145 will cancel out the cryptocurrency’s downward trend. This will indicate a breakout of the resistance area and continued growth in ETH/USD quotes toward 3435. A breakout of the support area and a consolidation below 2885 will confirm the asset’s price decline, signaling a breakout of the lower boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets below.
Ethereum Forecast and ETH/USD Analysis for January 2, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 3005. From there, a rebound and continued growth in the ETH/USD cryptocurrency to below 2765 should be expected. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of a decline in Ethereum. A break of the resistance area at 3145 would invalidate this downward scenario, indicating continued growth with a potential target above 3435.
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