Ethereum price extended gains above $2,250 before it faced sellers. ETH is now correcting gains and might find bids near the $2,165 zone.

• Ethereum started a decent upward move above the $2,220 zone.
• The price is trading above $2,200 and the 100-hourly Simple Moving Average.
• There was a break above a contracting triangle with resistance at $2,150 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it stays above the $2,150 resistance.

Ethereum Price Aims For More Gains

Ethereum price remained stable above $2,120 and started a decent upward move, like Bitcoin. ETH price climbed above the $2,180 and $2,220 resistance levels.

The bulls pumped the price above $2,250. Besides, there was a break above a contracting triangle with resistance at $2,150 on the hourly chart of ETH/USD. A high was formed at $2,273 before the price started a downside correction. There was a move toward the 23.6% Fib retracement level of the upward move from the $2,059 swing low to the $2,273 high.

Ethereum price is now trading above $2,180 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,165, the price could attempt another increase.

Immediate resistance is seen near the $2,250 level. The first key resistance is near the $2,275 level. The next major resistance is near the $2,320 level. A clear move above the $2,320 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $2,250 resistance, it could start a fresh decline. Initial support on the downside is near the $2,220 level. The first major support sits near the $2,165 zone or the 50% Fib retracement level of the upward move from the $2,059 swing low to the $2,273 high.

A clear move below the $2,165 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,110 region. The main support could be $2,065.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,165

Major Resistance Level – $2,250

Ethereum price found support near $1,920 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,020.

• Ethereum is attempting a fresh recovery wave above $1,965.
• The price is trading below $2,000 and the 100-hourly Simple Moving Average.
• There is a bullish trend line forming with support at $1,955 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh decline if it stays below the $2,020 zone.

Ethereum Price Holds Support

Ethereum price failed to stay above $2,020 and started a fresh decline, like Bitcoin. ETH price traded below the $1,965 and $1,950 levels to enter a bearish zone.

Finally, the bulls appeared near $1,925. A low was formed at $1,928, and the price started a recovery wave. There was a move above the $1,965 resistance. The price even tested the 50% Fib retracement level of the downward move from the $2,100 swing high to the $1,928 low.

Ethereum price is now trading below $2,000 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $1,955 on the hourly chart of ETH/USD.

If the bulls remain in action above $1,955, the price could attempt another increase. Immediate resistance is seen near the $2,015 level. The first key resistance is near the $2,035 level or the 61.8% Fib retracement level of the downward move from the $2,100 swing high to the $1,928 low.

The next major resistance is near the $2,060 level. A clear move above the $2,060 resistance might send the price toward the $2,100 resistance. An upside break above the $2,100 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,150 resistance zone or even $2,185 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $2,015 resistance, it could start a fresh decline. Initial support on the downside is near the $1,965 level. The first major support sits near the $1,955 zone or the trend line.

A clear move below the $1,955 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,880 region. The main support could be $1,825.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,920

Major Resistance Level – $2,015

Cardano rallied this month after a clear rebound from a low zone around $0.33–$0.35. Prices jumped more than 10% on January 2, and ADA is up 20% year-to-date.

Related Reading

Reports have disclosed that whale activity spiked on that day across both spot and futures markets, according to recent data.

Governance on January 8 approved a 70 million ADA treasury allocation aimed at supporting USDC/USDT integrations, oracle work with Pyth Network, and cross-chain tools. Market players say that is hard cash being put to work.

Hoskinson Sees Bitcoin As A Trigger

According to Cardano founder Charles Hoskinson, a fresh Bitcoin push to a record high would help lift other tokens, including ADA. He has forecast that Bitcoin could reach $250,000 toward the end of this year, a move that would push its market cap to roughly $5 trillion.

Hoskinson argued that when Bitcoin leads a rally, investors tend to buy BTC first because it offers liquidity and a sense of relative safety, and then capital flows into higher-risk assets later.

UPDATE: #Cardano $ADA Founder Charles Hoskinson says “I believe Bitcoin will reach an all-time high, and I also believe there’s going to be some value leakage from Bitcoin into the altcoin space.” $NIGHT pic.twitter.com/yFAzinx4cs

— Angry Crypto Show (@angrycryptoshow) January 7, 2026

Past Runs Show Rotation Into Altcoins

Based on reports and past market moves, Bitcoin’s big rallies have often preceded strong gains in alternative tokens. In 2021, Bitcoin climbed to about $68,000 and several major altcoins surged afterwards.

Ethereum hit roughly $4,950 in August 2025, while XRP peaked near $3.66 in July of that year. Back then, ADA topped above $3 at its peak. Those episodes are often cited as examples where profit-seeking behavior shifted from the largest coin into smaller projects.

Bitcoin’s Recent Highs Did Not Help All Tokens

Market watchers point out that history is not a guarantee. In October 2025, Bitcoin reached a new record of $126,198, but only a few assets rode that wave. Many altcoins stayed flat or posted modest gains.

That pattern is being used by some analysts to temper expectations about how much value will “leak” from BTC into altcoins this cycle. The size of any rotation, Hoskinson himself warned, is still uncertain and could differ from earlier cycles.

Liquidity and macro conditions will matter. ETF flows, trader positioning, and whether developers and users adopt new features are among the things investors will watch.

A Measured Outlook

Reports note that Cardano’s recent treasury spend targets stablecoins and oracle access, which could help DeFi activity on the network if projects take up the funding. Competition from other layer ones and scaling solutions is real, and capital can move quickly between chains.

Related Reading

The view from Hoskinson is bullish on the linkage between Bitcoin highs and altcoin upside, but the evidence from late 2025 shows that link can be uneven. ADA’s recent moves — a bounce from $0.33–$0.35, a more than 10% single-day gain on January 2, and a 70 million ADA treasury allocation on January 8 — give the token practical catalysts beyond market talk.

Whether those actions translate into sustained price gains will depend on broader market flows and how the allocated funds are used.

Featured image from Gemini, chart from TradingView

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Ethereum founder Vitalik Buterin has issued a sharp public warning to Elon Musk over how X is being used to direct increasingly aggressive rhetoric at Europe, arguing that the platform is drifting from a free-speech ideal toward orchestrated hostility.

Ethereum Founder Calls Out Elon Musk

In a series of posts on X, Buterin said that “the attacks on Europe I’ve seen here the last couple of days, including from people I’ve generally considered interesting and sophisticated, have been getting unhinged.”

He acknowledged that the European Union has serious shortcomings, listing “GDPR clickthroughs are dumb, Chat Control is awful, they need to be less bureaucratic and supportive toward entrepreneurs,” and criticizing what he called Europe’s selective moral stance, noting that its “kindness toward Ukraine often doesn’t extend well to Gaza or Sudan or other places.” He also described “people saying mean things about criminals getting longer sentences than the criminals” as “just crazy.”

Despite that, the Ethereum founder argued that the way some users on X are talking about Europe has moved well beyond legitimate criticism. He described “the apocalyptic attitude about the issues, evoking imagery of barbarians pillaging Rome etc,” as “really over the top” and said it “feels more like a coordinated attempt to delegitimize than constructive criticism.”

He rejected the idea that the real target is only Brussels-based institutions, writing: “I don’t believe the line that ‘the target is not Europe, it’s the EU’: I’ve seen many instances of London specifically being targeted in the hate session, so no, much of it is an attack on Europe.” This, he argued, does not match his experience from “spending an average of two months every year there for the last decade.”

The central confrontation came in a direct reply to Musk. Addressing the X owner’s self-positioning as a defender of free speech, the Ethereum founder wrote: “I think you should consider that making X a global totem pole for Free Speech, and then turning it into a death star laser for coordinated hate sessions, is actually harmful for the cause of free speech. I’m seriously worried that huge backlashes against values I hold dear are coming in a few years’ time.”

Buterin Hints At Russian Involvement

The thread sparked pushback from some users who argued that his framing underplays European complicity in current conflicts. One critic responded that “’not extending kindness’ is an incredible way to frame funding, arming and politically backing a genocide,” and claimed that it is “hilarious to think the US doesn’t suffer from many of the same things or worse that Americans say about the EU.”

The Ethereum founder replied that Europe is “a genuinely mixed bag,” emphasizing that “different countries in Europe have very different policies,” and pointing out that the continent “also hosts ICC, which is under a lot of pressure (see: judges being financially deplatformed).”

Other replies widened the lens to geopolitics. Commenting on a suggestion that the current discourse looks like “a coordinated campaign due to the Kremlin liking the new US ‘going back to Monroe’ global security policy,” Buterin answered “yeah basically” and added that “a lot of powerful people really like the vision that the world should just be 5–20 adults who have their spheres and sometimes get together in a room to hash out any differences, and everyone else can be shut out because they are annoying and inconvenient.”

At the same time, Buterin restated his support for the European project as an institutional experiment. “I have a lot of respect for the idea of EU, as an experiment in trying to get the benefits of a superstate, without the homogenization, becoming an aggressive ‘great power’, and other downsides,” he wrote, while stressing that “the experiment does need to be adjusted in a lot of ways; eg. we see not enough unity in its external policy and too much unity on top-down bureaucracy and surveillance at the same time.” If improved, he argued, “it’s a model that could set a really good example for the world.”

On the technical side, the Ethereum founder used the debate over “gdpr clickthroughs” to propose a different approach to online control, calling for “more sophisticated user-side software (browsers, local LLMs…) that helps the user navigate the internet and make intelligent decisions about what requires confirmations from the user.” In contrast to the centralized dynamics he criticizes on X, he is effectively pointing back to user-empowering, decentralized tools as the way to reconcile regulation, usability and free expression.

Musk Vs. The European Union

Notably, Musk’s anti-EU outburst comes after the Commission has issued a fine of €120 million to X for breaching its transparency obligations under the Digital Services Act (DSA). Musk wrote via X that “The ‘EU’ imposed this crazy fine not just on @X, but also on me personally, which is even more insane!” and says it would be “appropriate to apply our response not just to the EU, but also to the individuals who took this action against me.”

In subsequent posts he escalated further, declaring that “The EU should be abolished and sovereignty returned to individual countries,” calling to “Dissolve the EU and return power to the people,” and even asserting that “The EU commissars are responsible for the murder of Europe.”

At press time, Ethereum traded at $3,316.

Featured image created with DALL.E, chart from TradingView.com

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