Ether’s (ETH) was down 14% from its 2026 excessive above $3,200 and 41% under its $4,950 all-time excessive, reached in August 2025. Regardless of this drawdown, merchants stay optimistic about the ETH worth rising increased so long as a key help degree is reclaimed.
Key takeaways:
-
Ether merchants are bullish on a $10,000 ETH worth regardless of a 41% drawdown from all-time highs.
-
Wyckoff technique, cycle patterns, and liquidity correlations converge on a $10,000–$15,000 ETH worth goal.
-
Report every day transactions, growing every day lively customers and nine-year low transaction charges recommend bullish onchain momentum.
ETH merchants are nonetheless eyeing $10,000-$15,000 worth
Market analysts say ETH worth is present process a technical correction to retest key help ranges earlier than persevering with its uptrend.
Technical evaluation utilizing the Wyckoff method factors to a possible ETH worth breakout above the $10,000 mark, in line with crypto analyst Annie.
Associated: Bitmine’s staked Ether holdings point to $164M in annual staking revenue
“The construction is full, simply ready for one final breakout,” the analyst said in a latest publish on X, including:
“As soon as the market kicks off, it’s going to shoot straight up. $ETH goal worth is $10,000.”
Fellow analyst Bitcoinsensus shared an analogous bullish outlook for ETH, stating {that a} $10,000 ETH worth may nonetheless be on the desk this cycle.
“Wanting at earlier worth efficiency, we are able to see that Ethereum has gone by means of huge upswings,” the analyst said in a Jan. 1 publish on X.
An accompanying chart confirmed that the ETH/USD pair has “skilled diminishing returns” with every upswing.
“If we apply the identical logic, we may see $ETH attain someplace between $10K and $15K.”
Crypto Caesar, in the meantime, remained optimistic that Ether will hit the $10,000 mark “ultimately” as soon as the $4,500-$5,000 month-to-month resistance is damaged.
“It’s only a matter of time. Onchain season will come again.”
As Cointelegraph reported, a recurring sample linking the international liquidity and the Russell 2000 index hints at a possible 226% ETH worth breakout. Such a transfer from the present degree locations Ether’s worth goal at $9,500.
“ETH is behind the Russell-2000 for the first time in years,” said Coinvo Buying and selling in a Monday X publish, including:
“As soon as ETH catches up, altcoin season begins.”
Ethereum transaction charges hit 9-year lows
A number of onchain elements help Ether’s upside, together with high network activity and robust help under.
Ethereum has additionally seen an influx of new users with every day transactions hitting a report excessive of two.78 million on Jan. 15.
This has seen the every day transaction rely improve by about 20% over the final month. The variety of every day lively addresses has jumped 50% over the identical interval, reflecting excessive onchain demand.
In the meantime, every day transaction charges have dropped considerably over the final 30 days, hitting eight-year lows under 150 ETH ($435,000) on Tuesday, in line with information from Glassnode.
Decrease transaction charges are a long-term bullish catalyst for worth because it enhances Ethereum’s utility and competitiveness towards rival layer-1 chains, whereas attracting extra customers.
“Ethereum tx charges are at all-time lows proper now, however good contract deployments simply hit a report excessive,” Cypher said in a latest X evaluation.
Such a mixture often means builders are delivery whereas builders stay lively, Cypher defined, including:
“Quietly one in all the most bullish backdrops for $ETH proper now.”
🚨 NOW: Ethereum transaction charges hit all-time lows whereas contract deployments attain report excessive, per Token Terminal. pic.twitter.com/Dc853JT19r
— Cointelegraph (@Cointelegraph) January 23, 2026
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call. Whereas we attempt to supply correct and well timed data, Cointelegraph doesn’t assure the accuracy, completeness, or reliability of any data on this article. This text could comprise forward-looking statements which can be topic to dangers and uncertainties. Cointelegraph won’t be answerable for any loss or injury arising out of your reliance on this data.
