Technical analysis by coinpediamarkets about Symbol ETH: Buy recommendation (1/3/2026)

ETHUSDT (4H) maintains a strong bullish market structure after a decisive impulsive breakout. Price has now pulled back into a clearly defined bullish breaker block / demand zone, indicating a controlled retracement rather than trend weakness. This zone aligns with prior structure flip, making it a high-probability continuation area. Bias: Bullish continuation Entry Zone: $3,090 – $3,070 (breaker block support) Invalidation: A clean breakdown and close below $3,025 invalidates the bullish setup Upside Targets: Target 1: $3,124.40 — first resistance and reaction area Target 2: $3,195.00 — liquidity grab and continuation extension As long as ETH holds above the $3,090–$3,070 demand zone, the structure favors a buy-the-dip continuation. A strong bullish reaction from this breaker block could fuel the next leg higher toward the upper liquidity targets.