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Ethereum Holds Above Bull Market Support As $3,400 Fibonacci Resistance Caps Upside
Ethereum is maintaining a constructive structure, with price holding above the 1D Bull Market Support Band and the key 0.618 Fibonacci level around $3,100 while facing resistance near the $3,400 area. Analysts note that this sustained support, alongside ETH’s position above the Daily 200MA versus Bitcoin, indicates buyers remain in control despite recent rejections at the 0.5 Fibonacci zone. As long as these technical levels hold, the broader bullish outlook for ETH and the potential for a stronger altcoin market response remain in place.
ETH
ETH+0.47%
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Coinbase Spot Buyers Drive Bitcoin Rally As Structural Demand And Regulatory Clarity Themes Emerge
Bitcoin's latest price upswing has been closely tied to increased spot buying on Coinbase, with metrics such as the Adjusted Coinbase Premium and Cumulative Volume Delta pointing to sustained accumulation rather than derivatives-driven speculation. Trader Alex Krüger notes that BTC still faces a key technical hurdle around the 50-week moving average near $101,420, while the upcoming January 15, 2026 markup of the Digital Asset Market Clarity Act in the Senate Banking Committee could help reduce regulatory uncertainty and unlock more institutional participation.
BTC
BTC-0.43%
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Bitcoin Near $94,000 As Geopolitical Tensions Rise And Traders Map Key Support Levels
As geopolitical frictions escalate and traditional financial systems face pressure from state controls, Bitcoin is increasingly viewed as a politically neutral hedge and monetary insurance. Analysts note BTC's recent rebound toward a seven-week high near $94,725, with price currently around $93,740 and key support highlighted at $91,000 and $87,800. Market commentators also stress long-term holding through multiple 50% drawdowns and discuss supply zones that continue to cap upside momentum.
BTC
BTC-0.43%
1-8