Ethereum Market Update and Setup Friday 1/16/2026
- Simple Trader
- 20 hours ago
- 1 min read
Ethereum and ETHBTC are both trading indecisively, though ETHBTC is now pressing against its daily lower-high trendline.
A successful bullish breakout of this trendline would likely trigger a quick upside move and help Ethereum push higher from its current location.
Ethereum itself remains indecisive, largely tracking Bitcoin’s overall price action. Healthier daily candles are needed to confirm continuation. A bullish expansion would target the $3,700 resistance, while $2,800 remains the primary daily support.
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