Ethereum Price Remains Below $3,000 — Is a Breakout Still Possible in Early 2026?

The top two cryptos, Bitcoin and Ethereum, continue to trade below their respective resistance levels, which have now become the barrier to break. The second-largest token has been trading between $2900 and $3000 for nearly a month, extending a broad consolidation phase that has persisted for months. While short-term price action remains muted, higher-timeframe structure and derivatives positioning suggest the ETH price

Source: X

The weekly MACD shows a drop in the selling pressure, and the levels are heading for a bullish crossover. On the other hand, the Chainkin Money Flow (CMF) has displayed a bullish divergence after hitting the average zone at 0. This suggests the liquidity is entering the crypto, which has kept the levels close to the psychological barrier at $3000 without dragging the levels below $2800. Here’s what could be next for the ETH price rally.

Therefore, if the ETH price manages to hold the current range, a breakout could be imminent in early 2026 that may push the token close to $3500. However, a decisive close above $3800 may validate a reversal to $4000 and complete the Wyckoff framework. On the contrary, a failure could extend the consolidation until the market trend flips.

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