Ethereum Wave Analysis – 5 January 2026

Ethereum: ⬆️ Buy

– Ethereum broke round resistance level 3000.00

– Likely to rise to resistance level 3400.00

Ethereum cryptocurrency recently broke the round resistance level 3000.00, which accelerated the active impulse wave 3 from the end of December.

The price then broke the daily Triangle from November and the two down trendlines from October.

Given the bullish sentiment seen across the crypto markets today, Ethereum cryptocurrency can be expected to rise to the next resistance level 3400.00 (top of the previous impulse wave (1) and the target for the completion of wave 3).