$ETH Very good! As the closest and largest coin to Bitcoin $ETH Ethereum (Ethereum - ETH) is, here is the short analysis of Ethereum for January 2026 and its chart:
Ethereum (ETH) Short Analysis (10 Points)
1. Price Status: Ethereum (ETH) is currently around $4,850, having progressed in line with Bitcoin's rise.
2. Market Share: After Bitcoin, Ethereum is the second-largest coin in the market and plays an important role in market stability.
3. Technical Progress: New network upgrades have increased transaction speed and reduced fees.
4. Supply Reduction: Thousands of Ethereum are burned every day through the "EIP-1559" mechanism, making the coin deflationary in the long term.
5. Important Resistance: Ethereum is currently approaching the historical level of $5,000, which is a significant psychological barrier.
6. Support Level: The strongest support level for Ethereum is $4,200.
7. Institutional Investment: The acceptance of Ethereum spot ETFs has increased the confidence of large companies.
8. Layer 2 Growth: Second layer networks like "Arbitrum" and "Optimism" have greatly increased Ethereum's usage.
9. Staking: About 30% of Ethereum's supply has been staked by investors in the network, which reduces selling pressure.
10. Outcome: If Bitcoin reaches $100,000, Ethereum may also reach $6,000 very soon.
