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 concerning the ETH worth rising increased so long as a key help stage 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.
File each day transactions, rising each day energetic customers and nine-year low transaction charges counsel 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 technique factors to a possible ETH worth breakout above the $10,000 mark, based on 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 mentioned in a current 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 identical bullish outlook for ETH, stating {that a} $10,000 ETH worth may nonetheless be on the desk this cycle.
“ earlier worth efficiency, we will see that Ethereum has gone by way of huge upswings,” the analyst mentioned 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 worldwide liquidity and the Russell 2000 index hints at a possible 226% ETH worth breakout. Such a transfer from the present stage locations Ether’s worth goal at $9,500.
“ETH is behind the Russell-2000 for the primary time in years,” mentioned 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 components help Ether’s upside, together with excessive community exercise and robust help beneath.
Ethereum has additionally seen an inflow of latest customers with each day transactions hitting a report excessive of two.78 million on Jan. 15.
This has seen the each day transaction rely enhance by about 20% during the last month. The variety of each day energetic addresses has jumped 50% over the identical interval, reflecting excessive onchain demand.
In the meantime, each day transaction charges have dropped considerably during the last 30 days, hitting eight-year lows beneath 150 ETH ($435,000) on Tuesday, based on knowledge 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 sensible contract deployments simply hit a report excessive,” Cypher mentioned in a current X evaluation.
Such a mix normally means builders are delivery whereas builders stay energetic, Cypher defined, including:
“Quietly one of the vital 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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