Ethereum moved higher after rebounding from a higher-timeframe support zone near $2,900, according to a six-hour ETH/USDT perpetual chart shared by CryptoPatel on TradingView on January 14. Binance data showed Ethereum trading around $3,340 after briefly reaching $3,383.
This move marked a clear recovery from recent lows and followed weeks of compressed price action. The rebound began from the $2,891 to $2,900 area, which had acted as demand since late November. Buyers defended this zone multiple times. As prices lifted, Ethereum formed a series of higher lows along a rising trendline.
This structure replaced the earlier downtrend that controlled price action through October and early November. CryptoPatel noted that Ethereum gained about 15% from the demand-zone entry, describing it as a confirmed breakout supported by improving structure above key levels.