#ETH price analysis
Ether broke and closed above $3,555 on Jan. 3, completing a bullish ascending triangle formation.
The 20-day EMA ($3,529) has started to turn up, and the RSI is in positive territory, indicating that the bulls are in the driver’s seat. The pattern target of the breakout from the ascending triangle is $3,894.

Sellers are likely to have other plans. They will try to pull the price back below $3,555. If they do that, the short-term aggressive bulls may get trapped. That could sink the ETH/USDT pair to the uptrend line.