Ethereum Moves Sideways Below the $3,400 Threshold

Ethereum (ETH) Current Statistics

The current price: $3,339.68
Market Capital: $403,053,554,722.69
Trading Volume: $11,821,454,565.62
Major supply zones: $4,500, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis January 18, 2026

The price of Ethereum moves sideways below the $3,400 threshold, indicating a positive trend. Since January 2, the cryptocurrency price has been range bound above the moving average lines but below the $3,400 barrier level. Since December 9, 2025, purchasers have made three unsuccessful attempts to keep the price above the $3,400 high. The price movement has stuck below the resistance level of $3,400 and continues to oscillate below it. On the upside, if the $3,400 barrier is broken, Ether will soar to $3,655.

If the bullish rise is invalidated, the largest altcoin will be forced to move within a range. If the bullish momentum is disrupted, Ether will continue to drift sideways below the recent high. At the time of writing, Ether is trading at $3,345.

ETH Technical Indicators Reading

The cryptocurrency price is higher than the moving average lines. The 21-day SMA exceeds the 50-day SMA, indicating an uptrend. The lengthy candlestick wicks pointing to the $3,400 level signal significant selling pressure at the recent peak. The 4-hour chart shows the Ether price bars above the upward-sloping moving average lines.

Conclusion

The Ether price moves sideways below the $3,400 threshold while in the upward trend zone. On the 4-hour chart, the altcoin is trading in a narrow range above the $3,200 support and below the $3,400 resistance. The crypto price has stopped below the previous high, but it still trades above the 21-day SMA support and below the $3,400 high. The cryptocurrency signal is favorable as long as the price exceeds the moving average lines.

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