The crypto market is showing signs of recovery on January 2, 2026, with Bitcoin (BTC) climbing 1.4% to $88,727.67 and Ethereum (ETH) reaching $3,000.42. While modest, this uptick marks a shift in sentiment following the New Year’s lull. Trading volumes are edging higher, suggesting a gradual return of traders. On the technical side, BTC is testing resistance at $89,000 â a level that, if broken, could open the path toward $90,000. ETH’s move above $3,000 confirms a key psychological support level, with the next target set at $3,100. Bollinger Bands are widening, signaling increased volatility, while the MACD shows a bullish crossover on hourly charts. The macro backdrop remains mixed: global recession fears persist, but upcoming US employment data later this week could sway markets. Meanwhile, inflows into crypto investment products, particularly ETFs, remain positive, underpinning demand. Outlook: The bullish momentum could continue if BTC clears $89,000 in the coming sessions. Still, investors are keeping an eye out for a potential technical correction after this rebound.
