2026-01-01 12:25:17

At the beginning of the new year, Ethereum has achieved a strong start. As of today, ETH is quoted at $2,969.22, with a 24-hour increase of 0.02%, and its market capitalization has reached $358.63 billion. Looking at trading data, the trading volume over the past 24 hours is 5.577 million coins, with a turnover rate of 4.62%. Trading pairs remain dominated by ETH/USDT, with a transaction volume exceeding 116.5 billion RMB. These figures reflect a gradual recovery in market activity and liquidity.

On the technical side, the 4-hour K-line shows a clear rebound in price since the end of December, with trading volume increasing in tandem. Although the MACD histogram remains negative, the shrinking bars suggest that bullish momentum is quietly strengthening; the KDJ indicator has fallen to 11, entering the oversold zone, which often indicates a rebound opportunity. In the short term, support is at $2,893, while resistance is near $3,010. If you plan to enter the market, $2,829.94 and $2,920.37 are two good reference points for buying, while $3,010 and $3,056.84 can serve as profit-taking levels.

More notably, on-chain data shows strong performance. The number of daily transactions on the Ethereum mainnet has surged to 2.2 million, hitting a new all-time high, while the average transaction fee has dropped to a low of 17 cents. The low-fee environment is attracting funds to flow back to the mainnet, which significantly enhances the competitiveness of Layer-1 infrastructure. Meanwhile, the number of new smart contracts created in Q4 reached 8.7 million, also a record high, indicating that the deployment of decentralized finance protocols remains hot.

From an institutional perspective, Liquid Capital founder Yi Lihua publicly stated that they will continue to increase their ETH holdings and remain optimistic about the market outlook for 2026. The underlying logic behind this capital movement is that optimized Layer-1 infrastructure is redefining capital efficiency, and Ethereum’s role as a settlement layer is further consolidating.

Of course, it is important to closely monitor the resistance level at $3,010 in the short term. If the price fails to hold above this level effectively, it may face a pullback. Cryptocurrency prices are driven by many factors, so it is recommended to adjust strategies flexibly according to your risk tolerance.

ETH0,44%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
4
Repost
Share

Comment

0/400

FUDwatcher

· 8h ago

0.02% increase? Is this called a good start? Turns out we're just playing with words. If 3010 can't break through that critical level, I'll just cut my losses directly. Don't talk to me about new all-time highs. It should have gone live on the mainnet earlier. With such low transaction fees, no wonder funds are flowing back. Wait, is Liquid Capital really increasing its position? Or is this another round of harvesting? Keep an eye on it. KDJ has reached 11, and a rebound will be stable? I've seen this kind of trick many times. Better to be cautious. This data is good, but there's not much to look at in the short term. Let's revisit in the second half of the year. To be honest, Layer-1 is now just internal competition. It depends on who can truly stand out later. The transaction fee dropping so low actually makes me a bit uneasy. Is something about to happen? Smart contracts have been created 8.7 million times, but how much of this is truly valuable? I'm tired of hearing the institutional talk. Watching the K-line is still more reliable.

View OriginalReply0

LayerZeroEnjoyer

· 8h ago

Opening red? 0.02% increase and you’re proud to boast? Let’s wait until it breaks through 3010 first. --- 2.2 million transactions hit a new high, transaction fees plummeted to 17 cents, now that’s a real positive. --- Starting to talk about Layer-1 competitiveness again, just want to see if it can really hold this price. --- Yili Hua continues to add positions, how optimistic is this guy about 2026... I’m just waiting to see. --- The 3010 level is too critical; if it can’t hold, I’ll exit immediately. --- On-chain data is indeed impressive, 8.7 million new contracts, DeFi activity remains at its peak. --- Is there a rebound opportunity after dropping into the oversold zone? Sounds good, but the 0.02% increase doesn’t inspire much expectation. --- Institutions are adding positions, retail investors are watching the charts—that’s Ethereum right now. --- Buy between 2829 and 2920, sell at 3010-3056, simple and straightforward, that’s the strategy.

View OriginalReply0

probably_nothing_anon

· 8h ago

0.02% increase called a good start? Laugh out loud, this is the New Year gift. Wait, a new high of 2.2 million transactions, and the transaction fee is only 17 cents? Now that's really good news. It still feels like we should wait until the $3010 threshold is broken; entering now might be a bit early. I'm relieved when Yili Hua adds to his position; this guy's intuition never fails. It's that same set of tactics about breaking the $3010 support level, those who understand will understand. The mainnet data is so strong, why is the price still so weak? It doesn't quite match up. I think the market is still digesting, let's give it some more time.

View OriginalReply0

LiquidityHunter

· 8h ago

2.2 million transactions hit a new high? Transaction fee of $0.17? The liquidity depth needs to be examined; it feels like there might be arbitrage opportunities.

View OriginalReply0