#Ethereum (ETH) Price News Today 9-1-2026 - Elliott Wave and technical analysis of Ethereum, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Ethereum (ETH) is trading around $3,083 to $3,115 on January 9, 2026, experiencing a slight decline of approximately 0.3% to 1.4% over the last 24 hours amid broader cryptocurrency market caution. The price struggled to break the $3,300 resistance level earlier in the week, leading to a recent pullback.
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Market Movement and News
-Market Pressure: The overall cryptocurrency market is facing pressure due to investor caution ahead of key U.S. employment data and significant outflows from crypto exchange-traded funds (ETFs), which saw approximately $560 million in a single day of outflows.
-Staking Rewards: Institutional asset managers, including 21Shares and Grayscale, are distributing Ethereum staking rewards to their ETF holders today, January 9, 2026.
-Analyst Outlook: Market analysts are offering varied short-term technical analyses, with some predicting a potential correction towards the $2,935 support area before a rebound, while others maintain a long-term bullish outlook for ETH to reach $4,000 or more in 2026 based on network upgrades and institutional interest.
-Network Upgrades: The recent "Fusaka" upgrade, launched in December 2025, aimed to enhance scalability and reduce Layer 2 fees, which is seen as a positive long-term fundamental for the network.
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