Sellers are dominating over buyers at the beginning of 2026, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has fallen by 1% since yesterday.
On the hourly chart, the price of ETH is in the middle of the local channel between the support at $2,971 and the resistance at $2,993. As neither side is dominating, there are low chances to see sharp moves by tomorrow.
On the bigger time frame, the situation is similar. The volume keeps going down, which means the rate of the main altcoin has not accumulated enough strength yet.
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In this case, sideways trading in the range of $2,950-$3,050 is the more likely scenario over the next days.
From the midterm point of view, the price of ETH is trading within the previous bar, confirming the absence of bulls’ and bears’ strength. All in all, traders are unlikely to see increased volatility soon.
Ethereum is trading at $2,984 at press time.
Source: https://u.today/ethereum-eth-price-analysis-for-january-1