ETH breaks through 3100 USDT, what does the new high of the second-largest cryptocurrency mean

According to the latest news, Ethereum (ETH) has broken through the 3100 USDT psychological barrier and is currently trading at 3105 USDT. This breakthrough not only marks a new high in price but also reflects the market vitality of the second-largest cryptocurrency globally. Combined with recent market performance, ETH is experiencing a steady upward cycle.

Market Background of ETH Breaking 3100

ETH broke through the 3100 USDT level on January 2, 2026, and is now priced at 3105 USDT. According to the latest market data, ETH has shown a clear upward momentum recently, with a 24-hour increase of 1.57% and a 7-day increase of 1.90%. This indicates that although there was a 1.27% decline over the past 30 days, the recent rebound strength is gradually increasing.

Market Position and Trading Activity

As the second-ranked token in the cryptocurrency market cap list, ETH currently has a market cap of $36.499 billion, accounting for 12.10% of the entire cryptocurrency market. Although this market share is not as large as Bitcoin’s, it sufficiently demonstrates ETH’s important position within the ecosystem.

In terms of trading activity, the 24-hour trading volume reached $1.562 billion, a 20.23% increase from the previous day. This surge in trading volume indicates growing market participation and increasing investor attention toward ETH.

Multi-Timeframe Price Trend Analysis

From the table data, it can be seen that ETH’s trend exhibits characteristics of “short-term strength, medium-term improvement, and long-term correction.” Although there was a slight pullback in the past hour, this is common after breaking a psychological barrier and is considered normal profit-taking. More importantly, the continuous gains over 24 hours and 7 days suggest a relatively solid foundation for the upward trend.

Supply and Market Depth

ETH currently has a circulating supply of 120,694,893 tokens. As an unlimited supply token, its supply mechanism is relatively flexible. This design has supported the healthy operation of the Ethereum network in the past but also means that ETH’s price depends more on market demand rather than scarcity. Considering the current circulating supply and trading volume, the market’s capacity remains intact.

Future Focus

From a technical perspective, breaking through the 3100 USDT level has psychological significance. If ETH can effectively hold above 3100, the next key resistance may be in the 3200-3300 range. However, it is important to note that the slight pullback in the 1-hour timeframe suggests a possible short-term consolidation period.

Based on current data, if trading volume continues to stay above $1.5 billion, ETH is likely to test higher price levels. However, this depends on overall market sentiment and macroeconomic conditions.

Summary

ETH’s breakthrough of the 3100 USDT level reflects market optimism toward this second-largest cryptocurrency. The 24-hour and 7-day gains indicate a relatively stable upward trend. The 20% increase in trading volume also supports this breakout. Although short-term adjustments may be needed, the medium-term upward trend is worth paying attention to. For investors, key points are whether ETH can hold above 3100 and whether trading volume can remain high.