Ethereum's current market trend is likely to remain in a consolidation phase in the short term. From a longer-term perspective, the probability of an upward move is significantly higher, and the downside risk is relatively manageable. As for the long term, the fundamentals and continuous institutional allocation provide dual support, and the overall trend should still be upward.

As of around 9:00 on January 11, 2026, ETH price is near $3,080. After a surge at the beginning of the year, it pulled back, and now it is oscillating within the $3,000-$3,150 range. Such fluctuations are quite normal in the short term; the key is whether it can break through the resistance level above $3,150.