Ethereum is at a key crossroads after a acute move towards the $3,160 resistance zone. Neat breakout could unlock higher upside targets, while a failure at this level could trigger a short-term pullback as the market looks for stronger support before the next decisive move.

Pushing straight into the $3,160 resistance zone

Lennaert Snyder noted in a recent issue update that Ethereum has pushed directly into the key resistance zone around $3,160. Like Bitcoin, ETH saw a typical Sunday pump that took the price straight to the upper resistance, putting the market at a key decision point.

With Ethereum currently trading at $3,160, Snyder explained that a confirmed 4-hour retracement of the level could open the door to continued long positions. In this scenario, upside targets are near $3,250, with a final target of $3,390.

However, Snyder also cautioned that Monday sessions often fade out or completely replicate Sunday’s movements. A clear break in the market structure could therefore confirm miniature setups at the beginning of the week. If such a pullback occurs, the price could return to lower levels in search of a higher low, potentially setting the stage for more sustainable astute money growth.

On the other hand, Snyder emphasized that a reversal of resistance-turned-support near $3,050 could provide an attractive entry, while a deeper move towards tender lows at $2,880 could also create opportunities if demand emerges.

Ethereum maintains broader structural support on the weekly chart

According to to More Crypto Online, Ethereum continues to hover near a broader structural support zone on the weekly chart. This area still provides a base under which an upward reaction is possible, even though such a move may not occur immediately. The analyst noted that the price could make one additional low early next year before the market reveals a more significant move.

The most crucial reference point in the current structure remains the overhead main resistance zone. How Ethereum behaves as it approaches this region will be crucial in determining which of the larger market scenarios ultimately takes over.

For now, both major scenarios remain technically sound, and the weekly chart has yet to provide confirmation that the market is on a single path, keeping the broader outlook balanced and unresolved. This uncertainty increases the need for patience as the structure continues to develop.

What will ultimately change the probabilities is the price action around these key zones. Although the chart does not provide clear answers at the moment, it clearly defines market conditions. These conditions are expected to lend a hand reveal Ethereum’s preferred direction in early 2026.