Technical analysis by MeTraderTr about Symbol ETH on 1/3/2026

The movement starting at $3,447 on the ETH side is not a random sell; It was an in-trend correction process that followed a gradual and controlled distribution. After this decline was completed, the price entered two separate accumulation phases. At this point, the market has entered a time-based absorption process rather than a classic search for a bottom... The strongest and most structural area among these two accumulation areas is the $2,886 – $3,077 range. This band is not just a horizontal recovery; It has also worked as a major consolidation area where sellers are absorbed, volatility decreases, and the price compresses. In this structure, the formation formed by the price has a round bottom character, unlike classical bottom structures. This bowl structure is the base formation stage, which is frequently seen in cup-handle formations. However, the critical point here is this: This structure is not yet confirmed. For technical confirmation, the price must surpass the $3,178 level with volume and clear closes. Although the price has risen to $3,178 with the initial reaction above $3,077, this move is not a breakout at this stage, but only a contact to the upper band of the bowl. Critical level and Structure confirmation; •Closings above $3,178 confirm that the bowl formation is working upwards. •With this confirmation, the price is expected to produce a gradual trend continuation and the technical targets are as follows: •$3.273 (intermediate resistance / transition zone) •$3,447 (main distribution start / major target) Possible Negative scenario and Structure degradation; If the price falls below $3,077 again and closes within the accumulation area, before breaking through $3,178, then ! •We can see that the upward movement remains as a weak-volume liquidity collection attempt and then there is a risk of a harsher withdrawal. In this scenario, for the $ 2,886 level; •base of the building, •We can say that it is the buyers' last line of defense... Below this level, it may mean that the accumulation structure is disrupted and the possibility of the price moving towards more alt liquidity regions increases. Attention! Candles that appear without volume on the hourly chart represent high volatility and serious risk in alt time frames. General market situation: The current market structure involves high uncertainty. The market is currently in risk-off / red alert mode due to news flow and macro risks. In this environment, the approach should be disciplined and confirmation-oriented, not aggressive. #ETH #ETHUSDT #Ethereum #CryptoAnalysis #Accumulation #BowlFormation #RoundingBottom #PriceAction #SmartMoney #MeTrader #RiskManagement #TradeDiscipline #1HAnalysis