Ethereum Market Update and Setup Thursday 1/1/2026
- Jan 1
- 2 min read
Ethereum and the ETH/BTC pair are both trading without clear direction, which is expected during this yearly transition period.
ETH/BTC remains choppy and needs to show stronger bullish daily closes to signal improvement. That upside will only come if Bitcoin dominance weakens further, particularly with a move below the 59.00% level. Without that shift, Ethereum will continue to struggle for momentum.
⚠️ Ethereum is currently holding near the $2,800 support, which is the key level to watch. If stronger daily buying returns, price can begin working higher toward the $3,700 resistance and potentially beyond. For now, holiday conditions and the year-end transition are keeping the market slow and hesitant.
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