Ethereum stalls near $3,200 after $3,400 rejection on January 19, 2026

After testing the upper band around $3,400, Ethereum retreated and trades near $3,200. The price sits in a support pocket around $3,150, with $3,062 marked as a key level; a loss could expose $2,773. Open interest fell about 2.68%, while roughly 39.8K ETH left exchanges, and funding rates remain modestly positive.