January 1, 2026, the Ethereum (ETH) market shows a volatile consolidation pattern. According to the latest market data, ETH price fluctuates within the range of $2,960-$3,020, pulling back from the intraday high of $3,027 under pressure, with a low around $2,966.

From a technical perspective, ETH is currently in a high-level consolidation zone, with the MA7 moving average forming short-term support near $2,980. The resistance levels above are quite evident at $3,020-$3,050. The KDJ indicator is in the middle position, indicating a lack of clear trend momentum, and the market is expected to remain in a range-bound consolidation in the short term.

Fundamentally, Ethereum experienced significant technical upgrades in 2025. The Pectra upgrade in May improved staking flexibility, and the subsequent Fusaka upgrade increased the Gas cap to 60 million, greatly enhancing network performance. Notably, in 2026, Ethereum will also undergo the Glamsterdam and Hegota forks, which will further promote network scalability, enabling parallel processing and higher transaction throughput.

Market sentiment data on-chain shows that over 40% of the circulating ETH supply is currently in loss, reflecting the recent price correction's impact on the holding structure. However, positive signals are emerging in the staking market. This Monday, staking withdrawal requests doubled the number of new staking applications, marking a reversal not seen in six months and signaling a bullish outlook on Ethereum's medium- to long-term value.

Looking ahead to 2026, Ethereum's position as the core infrastructure of Web3 continues to solidify. With the maturity of layer-two scaling solutions, deepening DeFi ecosystems, and accelerated institutional adoption, Ethereum is expected to maintain its leading position in the crypto market driven by both technological upgrades and ecosystem development. #加密行情预测