Ethereum has broken above $3,330 with rising volume and open interest, paving the way for a possible move towards the $4,000 level.
Ethereum breaks above USD 3,330
Ethereum crossed the $3,330 level, which confirmed a breakout from a symmetrical triangle on the daily chart, according to chartist Ali Martinez. This pattern had formed during a period of lateral movement.
Ethereum $ETH outbreak confirmed!
The top now opens towards $4,000. pic.twitter.com/z8039fJ99a
— Ali Charts (@alicharts) January 14, 2026
The short-term trend has been up after the breakout, with attention now turning to whether ETH can reach $3,600 and eventually $4,000. The structure is still intact, provided ETH remains above $3,300, with $3,000 being the support and $2,600 the lower limit of the previous range.
In addition, Michaël van de Poppe noted that Ethereum maintained its 21-day moving average, supporting a short-term uptrend since mid-December. “Now it is ready to reach new highs and continue the uptrend” he said, adding that the $3,800 area is his next target.
Meanwhile, Daan Crypto Trades be up to $3,350 as a key level. However, he cautioned that it will remain a resistance until proven otherwise, depending on daily closing strength around that level.
“Breaking this ~$3,350 level should lead to a move higher to reach the next Daily 200MA,” he said.
Momentum increases as price and volume increase
At the time of writing, ETH is trading at around $3,300, showing a 24-hour gain of 6% and a 7-day gain of almost 4% (according to CoinGecko data). The move above $3,300 followed several failed attempts and was supported by an increase in volume. A clawback of $3,450 is seen as key to a faster rise towards $4,000.
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As previously reported, a golden MACD cross has formed, along with a crossover between the 9- and 21-day moving averages. This setup has appeared in previous cycles before extensive price movements. Ethereum is now looking to hold on to these gains as it tests overhead resistance.
Open interest reaches three-month high
Open interest in Ethereum futures on Binance has risen to $8.6 billion, the highest level since October 9. This follows a long period of stabilization after steep liquidations in late 2025 pushed open interest below $7 billion. reported that the increase may reflect growing interest from traders.
“The renewed activity in the derivatives market shows an increasing demand for leverage,” the analyst said.
While the upside appears steady, analysts warn that persistent spikes in open interest could increase volatility risk if the price reverses.
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