Ethereum breaks 12H downtrend channel as ecosystem transactions hit late-2025 peak and ETH eyes $3,410

Ethereum has moved above a 12-hour descending channel and is trading over $3,000, with technical targets around $3,410, $3,770 and $4,250. At the same time, Ethereum-linked networks closed 2025 with record monthly transactions, led by Base, Polygon PoS and Arbitrum, while recent price action into early January favors a continued push higher if $3,000 holds.