As of January 18, 2026, Ethereum (ETH) is trading steadily in the $3,300–$3,315 range, showing impressive resilience as the broader crypto market continues to build momentum into the new year. ETH has already climbed nearly 7% this week, signaling renewed buyer interest after months of consolidation.
More importantly, Ethereum’s chart structure is flashing a technically compelling setup that has traders watching closely. With pressure building just below a major resistance zone, the big question now is whether bulls can finally push ETH above the psychologically important $4,000 level in the coming week.
Ascending Triangle Pattern In Play
On the daily chart, Ethereum is forming a classic ascending triangle pattern that has been developing since late 2025. This bullish continuation structure is defined by a series of higher lows pressing upward against a well-established horizontal resistance zone near $3,400.
Price action shows ETH consistently respecting the rising support trendline, with buyers stepping in on every dip. Most recently, ETH bounced cleanly from this ascending support and has once again pushed back toward the upper boundary of the triangle around the $3,402 region.
This repeated defense of higher lows suggests growing confidence among market participants. Rather than selling into strength, buyers appear willing to accumulate on pullbacks, gradually tightening the range and increasing the odds of a decisive breakout.
Ethereum (ETH) Price Prediction for the Upcoming Week
From its current position, Ethereum appears set for another test of the $3,402 resistance zone. A clean daily close above this level would be a major technical signal, potentially confirming the ascending triangle breakout.
Conversely, if ETH faces rejection at resistance, a short-term dip toward the rising support trendline near $3,158 remains a possibility. Such a pullback would still preserve the bullish structure, provided the higher-low formation continues to hold.
In either scenario, the key level to watch is the $3,402 neckline. A decisive breakout above this zone, followed by sustained acceptance and a successful retest as support, would validate the pattern and likely trigger a stronger bullish expansion. Based on the triangle’s measured move, the potential upside target is estimated to be near $4,184, representing approximately a 23% gain from current price levels.
Fundamentals Reinforce the Bullish Case
The technical outlook is further strengthened by improving on-chain fundamentals. Ethereum recently recorded its highest-ever daily transaction count, surpassing 2.59 million transactions on January 15. This surge in network activity reflects growing usage and demand, reinforcing the bullish narrative behind the current price structure.
Bottom Line
Ethereum is approaching a pivotal moment. The ascending triangle pattern is tightening, momentum is building, and on-chain data continues to lean positive. While short-term volatility is an expected characteristic of crypto markets, the technical and fundamental setup suggests bulls are positioning for a significant move.
If ETH can break and hold above the $3,402 resistance, a push toward $4,000 and beyond could materialize faster than many anticipate. All eyes are now on the charts — the upcoming week may prove decisive for Ethereum’s next major upward movement.