A fragile rebound keeps ETH-USD above key levels while a bullish breakout requires reclaiming moving averages and improving inflows.
Ethereum (ETH-USD) is trading just above the $3,100 level on Friday, continuing a fragile rebound after a brutal fourth quarter that reset market positioning.
The move keeps ETH near key support as January unfolds.
Analysts say a decisive daily close above $3,200–$3,300 is needed to turn the trend bullish, with the price reclaiming the 50- and 100-day moving averages as spot inflows improve and the RSI climbs above 60.

The setup hinges on improved liquidity confirming the breakout.
Market signals point to cautious sentiment, with modest spot outflows and trimmed leverage, while crowded long exposure increases the risk of rapid liquidations if momentum shifts.
Traders will be watching for a sustained tilt in flows before committing further.
In terms of strategy, near-term traders are advised to use disciplined range trading, while longer-term investors should wait for clearer confirmation and sustained accumulation before taking directional bets.

Until those conditions materialize, risk management should remain the priority.
Ethereum is trading just above the $3,100 level on Friday, continuing a fragile rebound after a bruising Q4 that reset market positioning.
Analysts say a decisive daily close above $3,200–$3,300 is needed to turn the trend bullish, with the price reclaiming the 50- and 100-day moving averages as spot inflows improve and the RSI climbs above 60.
Modest spot outflows and trimmed leverage reflect cautious sentiment, while crowded long exposure raises the risk of rapid liquidations if momentum shifts.

Traders will be watching for a sustained tilt in flows before committing further.
Near-term traders are advised to use disciplined range trading, while longer-term investors should wait for clearer confirmation and sustained accumulation before taking directional bets.
Risk management remains the priority until those conditions materialize.

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