Trading Signals for Ethereum for January 28-31, 2026: buy above $2,968 (21 SMA - 3/8 Murray)

[Ben Graham]

Ethereum (ETH/USD) is trading around $3,013, above the 3/8 Murray level and above the 21 SMA, with an upward bias. Ethereum found strong support when it reached the 2/8 Murray level, which coincided with the lower band of the descending trend channel around $2,800.

ETH/USD is expected to continue rising in the coming days, but could face further resistance around the psychological level of $3,000 and around the 200 EMA located at 3,076.

A consolidation above the 200 EMA could trigger an upward move for Ethereum, potentially reaching the 5/8 Murray level around $3,281, which coincides with the upper band of the descending trend channel.

The Eagle indicator is showing a positive signal for Ethereum, so we expect a strong upward move in the coming days, likely reaching $3,300.

Conversely, a move below $2,917, where the 21SMA is located, could signal a continuation of the downtrend and ETH could potentially reach the 2/8 Murray support level. If this support is broken, we could see a strong acceleration towards the psychological level of $2,500.

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