Ethereum at $2,922 after $2,800 dip; $2,500 support and $3,000 retest in focus

Ethereum recovered to about $2,922 after falling to $2,800 on Sunday and is still down 6% week over week, 7% over two weeks, and 4% year over year. Investor Jelle's January 26, 2026 update notes BTC's weekly support remains intact and expects ETH to outperform once sentiment improves, with $2,500 a key level. Chart signals suggest a possible retest of $3,000 and a move toward $3,500 by end-February.