Ethereum holds ascending trendline as price coils into triangle apex; volume-confirmed breakout needed — $4,000 target intact but break of trendline would invalidate rally
first published 2026-01-01T09:09:08Z
ETH remains above an ascending trendline formed since May, with MACD and RSI showing bullish divergence. Over the past 30 days BitMine and other long-term holders materially increased ETH treasuries, reducing liquid supply. Spot ETH ETF flows have moved from net outflows to net inflows, suggesting renewed institutional demand. Analysts caution that a break below the trendline would weaken the bullish case and open downside risk.
AI Analysis
Price structure: ETH above ascending trendline since May; technicals: MACD and RSI bullish divergence; on-chain: BitMine and long-term holders materially increased ETH treasuries over past 30 days reducing liquid supply; flows: spot ETH ETF flows flipped from net outflows to net inflows; risk: analysts warn downside if trendline breaks.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant
Source Articles
- Ethereum price bulls target $4k as BitMine accumulation accelerates - Crypto News
- Spot Bitcoin ETFs accounted for 67% of nearly $32 billion inflows in crypto ETFs in 2025 - Crypto News
- Ethereum (ETH) Price Analysis for January 1 - U.Today
- Ethereum price coils into triangle apex, will a breakout lead to an expansion? - Crypto News
