Date: January 22, 2026
Author: Moty Levanon
The daily price action for Ethereum (ETH/USD) currently presents a fascinating technical picture, characterized by the completion of a significant harmonic pattern converging within a major liquidity zone.
ETH is currently sitting at a decisive juncture. Here is a breakdown of the technical data and potential scenarios moving forward.
Technical Structure Breakdown
1. The Harmonic Completion The daily chart reveals a clear Harmonic pattern (resembling a Cypher/Gartley structure) that has reached its completion terminus at Point D. This point is located in the $2,880 – $2,900 price region, known as the Potential Reversal Zone (PRZ). Historically, these zones have the highest probability for a price pivot.
2. Volume Profile Confluence Adding significant weight to this technical setup is the Volume Profile. We can observe a distinct High Volume Node (HVN) and the Point of Control (POC)—indicated by the red line on the chart—anchored firmly around the $3,000 psychological level. This zone acts as a powerful "magnet" for price and serves as a substantial technical and psychological support base.
3. Price Structure Support Following the sharp retracement from the local high at Point C ($3,390), price action stalled precisely at the 0.78 Fibonacci retracement level from the originating Point X. This confluence further reinforces the importance of the current support zone.
Scenarios and Probabilities
Based on the current technical structure, here are the projected scenarios:
Scenario A: Bullish Reversal (60% Probability) A successful defense of support at Point D, followed by a bounce back towards the POC at $3,008.
Primary Target: $3,200
Secondary Target: Previous high at $3,400.
Scenario B: Consolidation (25% Probability) Price remains rangebound between $2,900 and $3,100, building a new base before the next decisive move.
Scenario C: Breakdown (15% Probability) A failure to hold Point D and a continued decline below the $2,800 level. This scenario would invalidate the current harmonic setup.
The Bottom Line
Ethereum is at a classic technical inflection point. The confluence of a completed harmonic pattern at Point D aligned with massive volume support around $3,000 creates a strong opportunity for a technical rebound.
As long as the $2,850 level holds on a daily closing basis, the bias remains constructively bullish for the short-to-medium term.
Legal Disclaimer
The content provided in this analysis is for informational and educational purposes only and should not be construed as financial or investment advice. The information presented here is based on technical analysis patterns and market data, which do not guarantee future results. Trading cryptocurrencies involves a high level of risk and may not be suitable for all investors. You should conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions. We accept no liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on this information.
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