Ethereum Market Update and Setup Wednesday 1/7/2026
- Jan 7
- 2 min read
Ethereum is trading bearish, and further weakness is likely from the current area as ETHBTC remains indecisive. The relative weakness is being driven by Bitcoin, and pressure will increase if Bitcoin dominance continues to move higher.
ETHBTC recently reached an intraday resistance level, which makes a short-term pullback very likely. This aligns with the broader market structure and supports the case for temporary downside in Ethereum.
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