Monthly Ethereum Chart Shows Tightening Range as ETH Liquidity and Leverage Rise
Ethereum entered a decisive phase on the monthly chart as the price traded near $3,221 on January 6, 2026. A long-term TradingView chart shared on X by analyst Karagulle mapped Ethereum’s structure against Tether on Binance since 2018. The chart showed Ethereum locked between two major horizontal levels while respecting a rising diagonal trendline.
This setup framed behavior as compression continued. Market participants now tracked whether price could escape this multi-year range or remain confined.
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