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 active addresses on the Ethereum network have surged, doubling 
to exceed 800,000 in just two weeks. Related Reading: XRP Price Could Surge 
Another 30% If This Trend Is Confirmed Martinez&#8217;s analysis further hints at a 
potential correlation with the rising demand for Ethereum exchange-traded 
funds (ETFs). Since December 29, these investment vehicles have accumulated 
approximately 158,545 ETH, a sum valued at around $520 million, adding to the 
positive outlook for the altcoin. This heightened on-chain activity has 
created substantial support levels for Ethereum’s price action looking ahead, 
particularly between $2,772 and $3,109 that could prevent a new drop below 
these key marks. Martinez believes that if these support levels remain intact 
and buying pressure continues, a breakout above the crucial $3,400 resistance 
could pave the way for a significant rally toward $4,000—representing an 
increase of approximately 24.33% from its current trading level of around 
$3,217. What Lies Ahead For The Altcoin? Other analysts, such as those from 
BitBull, share an optimistic view of ETH&#8217;s price trajectory. The analyst has 
identified a potential inverse head and shoulders pattern forming in the 
10-day chart, which could lead to a bullish price target of $5,000. This 
projection implies a remarkable 55.48% increase, exceeding last year’s record 
highs. However, despite these bullish forecasts, Ethereum’s price has fallen 
by 3% within a 24-hour period, according to CoinGecko data. The cryptocurrency 
has yet to demonstrate the bullish momentum necessary to meet these targets. 
Related Reading: Bitcoin Bulls Fired Up As Saylor Teases ‘Bigger Orange’ After 
Huge Buy Another encouraging factor for investors looking for upward price 
movement is liquidity. Market expert Ted Pillows recently noted that, 
following Ethereum’s latest price drop, the maximum pain point appears to lean 
upward. Historically, large investors and institutions have tended to “hunt” 
liquidity levels, which helps to reset positioning in the market and evacuate 
numerous retail investors. With approximately $3.4 billion in short positions 
at risk if Ethereum successfully breaches the $3,400 mark in the days ahead, 
the possibility of a significant price movement looms. Featured image from 
DALL-E, chart from TradingView.com

Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally

Pendle will begin to slowly phase out its governance token vePENDLE and 
replace it with sPENDLE this month, offering a more flexible model it hopes 
will boost adoption.

DeFi protocol Pendle revamps governance token, citing low adoption

Stablecoins are moving from crypto edges into regulated finance as clearer 
rules drive institutional adoption, reshape cross-border payments, and 
position tokenized cash as a lasting complement to traditional money, 
according to Ripple’s Matthew Osborne. Ripple Sees Stablecoins Pulled Inside 
the Financial System as Regulation Clears the Path Global debate over digital 
money is shifting as […]

Ripple Highlights Bullish Case for Regulated Stablecoins

Pendle price is showing signs of recovery above a key resistance level as the 
protocol rolls out a new staking model. Pendle was trading at $2.07 at press 
time, up 9% over the past 24 hours, as rising open interest…

Pendle price eyes breakout above $2.35 resistance as new staking model goes live

Solana failed to settle above $145 and nosedived. SOL price is now 
consolidating losses below $135 and might decline further below $130. SOL 
price started a fresh decline below $138 and $135 against the US Dollar. The 
price is now trading below $135 and the 100-hourly simple moving average. 
There is a key bearish trend line forming with resistance at $140 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The price could 
start a recovery wave if the bulls defend $132 or $130. Solana Price Dips 
Again Solana price failed to remain stable above $142 and started a fresh 
decline, like Bitcoin and Ethereum. SOL declined below the $140 and $138 
support levels. The price gained bearish momentum below $135. A low was formed 
at $130, and the price is now consolidating losses. The price recovered a few 
points and climbed above the 23.6% Fib retracement level of the downward move 
from the $143 swing high to the $130 low. Solana is now trading below $135 and 
the 100-hourly simple moving average. On the upside, immediate resistance is 
near the $135 level. The next major resistance is near the $136 level or the 
50% Fib retracement level of the downward move from the $143 swing high to the 
$130 low. The main resistance could be $140. There is also a key bearish trend 
line forming with resistance at $140 on the hourly chart of the SOL/USD pair. 
A successful close above the $140 resistance zone could set the pace for 
another steady increase. The next key resistance is $144. Any more gains might 
send the price toward the $150 level. Another Decline In SOL? If SOL fails to 
rise above the $136 resistance, it could continue to move down. Initial 
support on the downside is near the $132 zone. The first major support is near 
the $130 level. A break below the $130 level might send the price toward the 
$122 support zone. If there is a close below the $122 support, the price could 
decline toward the $115 support in the near term. Technical Indicators Hourly 
MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours 
RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. 
Major Support Levels – $132 and $130. Major Resistance Levels – $136 and $140.

Cryptocurrency price in MXN