Log in

PRO
Market Direction

ETH targets $3,700 upside soon

Published: Jan 17, 2025
0
Share:

ETH struggles to break $3,480 resistance despite strong RSI. BTC's rally drives optimism. Trump’s policies next week could shape crypto momentum.

Post Feature Image

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • The Open Interest in ETH didn't even pull back. There's a huge amount of OI on ETH currently. This may be due to new market mechanisms/protocols such as Ethena.
  • The Funding Rate is also back to 0.01%, indicating a balance between bulls and bears (Longs and Shorts).
ETH open interest (by number of coins): 3. ETH Futures Open Interest chart with green bars representing open interest and a yellow line tracking ETH price movements.

Technical analysis

  • ETH wicked into the $2,900's and was close to filling the Yellow box. However, it got a strong bounce, and the price rebounded swiftly into the main horizontal resistance at $3,480.
  • Price is now range-bound between the horizontal support of $3,280 and the horizontal resistance of $3,480.
  • ETH remains in a downtrend, and for this to bull reverse, it'll need a breakout of the $3,480 and the main downtrend line.
  • The RSI is looking better/good here, and it's now resting on top of its moving average. Being in the middle territory, this has room to go higher here.
  • A break below $3,200 - $3,280, and ETH likely pulls back to $3,050.
4. ETHUS Dollar price chart showing resistance, support, RSI indicator, and potential downside target area in yellow.
  • Next Support: $3,280
  • Next Resistance: $3,480
  • Direction: Bullish
  • Upside Target: $3,700
  • Downside Target: $3,050

Cryptonary's take

Unlike BTC, ETH hasn't broken out of its downtrend currently. For the full bull reversal, we'll need to see ETH break out of the downtrend and reclaim comfortably back above $3,480. However, similar to BTC, a lot of the short-term forecasts rely on Trump next week.

If it's better than what the market expects, then the price can break out; if not, then a sell-down. It's hard here; it depends on what Trump does next week. If Trump delivers, then I'd expect to see ETH break out. If the opposite is true, then the $3,200's can be tested.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025
BTC, ETH, and More: Bearish Pressure as Key Support Levels Break
PRO
Market Direction
BTC, ETH, and More: Bearish Pressur...Markets face critical retests with BTC and major alts breaking supports; all eyes on bounce zones an...
7 min read
Oct 17, 2025
BTC, ETH and More: Key Supports Reclaimed, Next Targets in Play
PRO
Market Direction
BTC, ETH and More: Key Supports Rec...Markets are showing signs of recovery after last week’s turbulence. Bitcoin and Ethereum are stabili...
4 min read
Oct 15, 2025