Ethereum Faces A Defining Moment: Break $3,160 Or Set Up The Next Pullback

With Ethereum now trading around the $3,160 level, Snyder explained that a confirmed 4-hour reclaim of the level could open the door for continuation longs. In that scenario, upside targets come in near $3,250, with $3,390 acting as the final objective.

On the downside, Snyder highlighted that a resistance-turned-support flip near $3,050 could provide an attractive entry, while a deeper sweep toward the $2,880 weak lows may also offer opportunities if demand steps in. 

For now, both primary scenarios remain technically valid, and the weekly chart has not yet delivered confirmation of the market committing to a single path, keeping the broader outlook balanced and unresolved. This uncertainty reinforces the need for patience as the structure continues to develop.

What will eventually shift probabilities is price action around these key zones. While the chart is not providing clear answers at the moment, it is clearly defining market conditions. These conditions are expected to help reveal Ethereum’s preferred direction in early 2026.