As of January 25, 2026, 08:00 (UTC+8), the spot price of ETH is approximately $2,951, with a slight 24-hour increase of +0.29%, ranging between $2,942 and $2,964, showing a stable fluctuation.

1. Key Price Levels (USD)

• Support: 2940 (intraday low), 2900-2910 (dense liquidation zone)

• Resistance: 2960-2980 (24h high + moving average), 3000 (psychological barrier)

2. Market Trends

• Short-term: Hourly chart shows consolidation with weak volume, following BTC's rhythm, with significant bullish and bearish divergence.

• Medium-term: Weekly decline continues, after losing the 3000 level, funds tend to shift towards BTC, ETH/BTC exchange rate weakens, Layer 2 offloads mainnet transactions leading to low Gas fees, and deflationary properties weaken.

• Indicators: KDJ stabilizes at low levels, RSI around 45 indicating neutrality, no clear bullish or bearish signals; contract long-short ratio is close to 1:1, indicating a cautious outlook.

3. Trading Recommendations

• Short-term: Light positions within the 2940-2960 range, stop-loss at 2940 if broken, take profits in stages near 2980.

• Medium-term: Strong support at 2900-2910, small positions can be tested for long entries; if it falls below 2880, switch to cautious mode; consider adding positions if it stabilizes above 3000.

• Risk Management: Keep total position size at or below 30%, with stop-loss of 5%-8%, avoid chasing high prices.