ETH drops below $3350, but the 24-hour increase still exceeds 6%

According to the latest news, ETH broke below the key level of 3350 USDT in the early morning of January 15, 2026, Beijing time, with the current price at 3349.94 USDT. Although this break appears to be short-term pressure, from the overall market performance, Ethereum remains in an upward cycle, and short-term fluctuations have not changed its recent strong trend.

Price Fluctuations and Market Background

ETH’s recent drop below $3350 occurred during its short-term upward movement. According to market data, Ethereum has increased by 6.33% in the past 24 hours, with a weekly gain of 6.85%, and a monthly increase of 13.43%. This indicates that although the current price has fallen below the 3350 mark, it is more of a short-term technical adjustment rather than a trend reversal.

Market Size and Trading Activity

As the second-largest asset by market capitalization in the cryptocurrency space, Ethereum’s current market cap is $40.759 billion, accounting for 12.33% of the entire crypto market. In terms of 24-hour trading volume, Ethereum’s transaction amount reached $3.802 billion, an increase of 89.94% compared to the previous day, indicating a significant rise in market trading activity.

Short-term Trend Analysis

On a minute-by-minute basis, ETH has increased by 0.30% in the past hour, indicating that even after breaking below 3350, the market is quickly absorbing the decline. Coupled with a high increase in trading volume, it can be judged that this break is more about digesting previous gains rather than indicating new downward pressure.

Follow-up Focus

From the current price position and market performance, the vicinity of $3350 may serve as a short-term support level. If this level can be effectively supported, ETH may continue to explore upward. Conversely, if it continues to decline after breaking below, the next key support level needs further observation.

Summary

The event of ETH breaking below $3350 may seem bearish on the surface, but combined with the macro market performance, it is more like a normal adjustment during an upward process. The significant increase in market trading activity and the continuous rise across various cycles all suggest that Ethereum remains in a strong pattern. The short-term break below the 3350 level should not be over-interpreted as a signal of trend change.