NewsBTC •
January 20, 2026 at 06:00 •
Analysis
As Ethereum (ETH) kicks off the year with a recovery past the critical $3,000 threshold amid a broader cryptocurrency market rally in early 2026, it continues to struggle against a key resistance level at $3,400. Currently, the second-largest cryptocurrency is entering a consolidation phase below this significant mark. Technical analyst Ali Martinez has suggested that should the buying momentum observed in recent weeks persist, Ethereum could soon embark on a new rally that might bring it closer to reaching all-time high levels. Ethereum Poised For Potential Price Breakout In a recent update shared on social media platform X (formerly Twitter), Martinez pointed to on-chain indicators suggesting a fresh bullish sentiment among Ethereum investors. Notably, daily activ...