Ether’s (ETH) was down 14% from its 2026 excessive above $3,200 and 41% beneath its $4,950 all-time excessive, reached in August 2025. Regardless of this drawdown, merchants stay optimistic in regards to the ETH value rising larger so long as a key assist degree is reclaimed.
Key takeaways:
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Ether merchants are bullish on a $10,000 ETH value regardless of a 41% drawdown from all-time highs.
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Wyckoff methodology, cycle patterns, and liquidity correlations converge on a $10,000–$15,000 ETH value goal.
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Document every day transactions, growing every day lively customers and nine-year low transaction charges counsel bullish onchain momentum.
ETH merchants are nonetheless eyeing $10,000-$15,000 value
Market analysts say ETH value is present process a technical correction to retest key assist ranges earlier than persevering with its uptrend.
Technical evaluation utilizing the Wyckoff methodology factors to a possible ETH value breakout above the $10,000 mark, in keeping with crypto analyst Annie.
Associated: Bitmine’s staked Ether holdings level to $164M in annual staking income
“The construction is full, simply ready for one final breakout,” the analyst stated in a current put up on X, including:
“As soon as the market kicks off, it’s going to shoot straight up. $ETH goal value is $10,000.”
Fellow analyst Bitcoinsensus shared an analogous bullish outlook for ETH, mentioning {that a} $10,000 ETH value may nonetheless be on the desk this cycle.
“Taking a look at earlier value efficiency, we will see that Ethereum has gone by way of huge upswings,” the analyst stated in a Jan. 1 put up 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 “in the end” 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 worldwide liquidity and the Russell 2000 index hints at a possible 226% ETH value breakout. Such a transfer from the present degree locations Ether’s value goal at $9,500.
“ETH is behind the Russell-2000 for the primary time in years,” stated Coinvo Buying and selling in a Monday X put up, including:
“As soon as ETH catches up, altcoin season begins.”
Ethereum transaction charges hit 9-year lows
A number of onchain components assist Ether’s upside, together with excessive community exercise and powerful assist beneath.
Ethereum has additionally seen an inflow of recent customers with every day transactions hitting a report excessive of two.78 million on Jan. 15.
This has seen the every day transaction rely enhance by about 20% over the past 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 past 30 days, hitting eight-year lows beneath 150 ETH ($435,000) on Tuesday, in keeping with information from Glassnode.
Decrease transaction charges are a long-term bullish catalyst for value 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 sensible contract deployments simply hit a report excessive,” Cypher stated in a current X evaluation.
Such a mix often means builders are transport whereas builders stay lively, Cypher defined, including:
“Quietly some of the 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
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