Technical analysis by Dynamic_Trade_Strategies about Symbol ETH: Buy recommendation (1/4/2026)

The Ethereum daily chart shows price trading within a well-defined descending channel after a strong rally earlier in the year. Recent price action indicates a bounce from the lower boundary of the channel, supported by a demand zone around the 3,080–3,100 area. Momentum appears to be stabilizing as ETH consolidates near the channel midline and attempts a short-term trend reversal. The Ichimoku Cloud is beginning to flatten, suggesting reduced bearish pressure and the potential for a bullish continuation if price holds above support. A breakout above near-term resistance could trigger further upside. The first upside target is 3,272, aligned with prior resistance and channel structure. If bullish momentum strengthens, the second target at 3,448 comes into focus, representing a deeper recovery toward the upper range of recent price action. If you found this XAUUSD analysis helpful, don’t forget to LIKE 👍 and COMMENT 💬!