ETH/USD quotes are trading at 2975 and continue to move within a developing bullish correction and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices are again testing the area between the signal lines, indicating selling pressure and potential continued price growth from current levels. Today’s Ethereum forecast anticipates an attempt at further growth and a test of the resistance level near 3065. 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 28, 2026
An additional signal favoring a decline in ETH/USD quotes will be a test of the bearish trendline on the relative strength indicator. A second signal will be a rebound from the upper boundary of the bearish channel. A strong rise in Ethereum and a breakout of 3345 will cancel the downward trend. This will indicate a breakout of the resistance area and continued growth in ETH/USD quotes toward 3805. A breakout of the support area and a consolidation below 2835 will confirm the asset’s decline, signaling a breakout of the lower boundary of the bullish correction channel.
Ethereum Forecast and ETH/USD Analysis for January 28, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 3065. From there, a rebound and continued decline 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 for a decline in Ethereum. A break of the resistance area at 3345 would invalidate this downward scenario, indicating continued upside with a potential target above 3805.
