ETH/USD quotes are trading at 3148 and continue to move within a developing correction and bullish channel. Moving averages indicate a short-term bearish 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 bearish correction and a test of support near 3055. From there, we should expect another upward rebound and continued growth in the Ethereum price, with a potential target above 3565.
Ethereum Forecast and ETH/USD Analysis for January 8, 2026
An additional signal in favor of ETH/USD price growth will be a test of the bullish trendline on the relative strength indicator. A second signal will be a rebound from the lower boundary of the ascending channel. A decline in the Ethereum price and a breakout of 3005 will cancel out this upward trend. This will indicate a breakout of the support area and a continued decline in ETH/USD prices toward 2235. A breakout of the resistance area and a consolidation above 3335 will confirm the asset’s price growth, signaling a breakout of the upper boundary of the bullish channel, signaling an uptrend by the channel’s width.
Ethereum Forecast and ETH/USD Analysis for January 8, 2026 suggests an attempt at a bearish correction and a test of the support area near 3055. From there, a rebound and continued growth in the ETH/USD cryptocurrency to above 3565 should be expected. A test of the trend line on the relative strength indicator (RSI) would be an additional signal of an uptrend for Ethereum. A break of the support area at 3005 would invalidate the upward trend, indicating continued decline with a potential target below 2235.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
