Saad Ullah
⬤ Ethereum kicked off 2026 with upward momentum, pushing toward the $3,080 zone on ETH/USDT perpetual futures. Trading around $3,046 at the time of analysis, ETH is testing prior range highs that have marked a critical reaction point in recent sessions. The move follows a period of consolidation, with bulls attempting to reclaim territory above this key threshold.
⬤ The $3,080 level presents a decision point for traders on both sides. A sweep above this resistance followed by failure to hold could trigger short positions after a market structure break confirms weakness. However, if Ethereum maintains strength and reclaims $3,080 on the four-hour timeframe, the setup shifts toward breakout continuation plays on the long side. This approach emphasizes waiting for confirmation rather than jumping on the initial move.
⬤ Support zones remain clearly defined below current price. The $2,900 range low represents a first area of interest for potential long entries, particularly if price sweeps liquidity and forms a reversal pattern. Further down, the $2,800 level holds untapped liquidity that could create reactive opportunities if downside pressure builds. These mapped levels suggest Ethereum continues trading within a defined structure with clear invalidation points.
⬤ The outlook matters because Ethereum's price action often influences broader cryptocurrency market sentiment. Whether ETH confirms strength above $3,080 or rotates back into support could shape short-term expectations across digital assets. With price now sitting at major resistance, traders are closely watching to see if early-year momentum sustains or gives way to consolidation.
Saad Ullah
