Ethereum is at a crucial crossroads after a sharp move towards the USD 3,160 resistance zone. A clean one outbreak could see higher upside targets, while a failure at this level could lead to a near-term pullback as the market looks for stronger support before the next decisive move.
A push straight into the $3,160 resistance zone
Lennaert Snyder recently noted update that Ethereum has headed straight into a key resistance zone around $3,160. Like Bitcoin, ETH saw a typical Sunday pump that took the price straight into the drag, putting the market at a key decision point.
With Ethereum trading around the $3,160 level, Snyder explained that a confirmed regain of the level within four hours could open the door for a continuation of the longs. In that scenario, the upside targets come in at almost $3,250, with $3,390 being the ultimate target.
However, Snyder also warned that Monday’s sessions often fade or completely follow Sunday’s movements. A clear break in the market structure could therefore validate short setups early in the week. If such a pullback occurs, the price could return to lower levels in search of a higher low, potentially paving the way for a more sustainable, smart money-driven rally.
On the other hand, Snyder highlighted that a resistance-turned-support flip near $3,050 could provide an attractive entry, while a deeper move towards the weak lows of $2,880 could also provide opportunity if demand presents itself.
Ethereum has broader structural support on the weekly chart
According to According to More Crypto Online, Ethereum is still hovering near a broader structural support zone on the weekly chart. This area continues to provide a basis upon which an upward reaction remains possible, even if such a move may not be immediate. The analyst noted that the price could make an additional low early next year before the market reveals a clearer move.
The large overhead resistance zone remains the key reference point in the current structure. How Ethereum behaves as it approaches this region will be decisive in determining which of the larger market scenarios ultimately takes control.
For now, both primary scenarios remain technically valid, and the weekly chart has not yet provided confirmation that the market is choosing a single path, leaving the broader outlook balanced and unresolved. This uncertainty reinforces the need for patience as the structure continues to evolve.
What will ultimately shift the odds is price action around these key zones. While the chart doesn’t provide clear answers at this point, it does clearly define market conditions. These conditions are expected to help reveal Ethereum’s preferred direction in early 2026.