Ethereum and Bitcoin have both been exhibiting a volatile position in recent times. The prices of these assets are fluctuating, peaking then falling as the macroeconomic environment continues to force them downward. Ethereum’s momentum will improve by January 2025. Find out.
Please Read This: BlackRock Buys $100 Million Ethereum, Price Jumps 10%
What is the main target of ETH?
Ethereum currently sits at $3116. This is down by 1% over the past 24 hours. Tokens are constantly trying to reach new heights, but they’re being pushed up by shifting economic conditions. According to Ash Crypto’s latest update, the expert thinks that Ethereum is vital for alts. If ETH does not live up to expectations, they may fall down.
“If $ETH doesn’t hit a new ATH in 2026, the bull case for holding alts will most likely be dead. Imagine holding alts for 4+ years, and it barely went above its ATH. On the other hand, BTC pulled a 2x from its 2021 ATH. Even from the absolute bottom, the Bitcoin move was larger than Ethereum. Now if ETH, which has. Highest institutional adoption. Great tokenomics. Leader in DeFi, RWA, etc. Spot ETFs. And if this is underperforming over a long horizon, there’s no way your new shiny alts will survive.”
Javon Marks shared his opinion that Ethereum could score a major win in the near future. Marks revealed that Ethereum’s RSI has shown a positive change which could help it regain its value.
“Prices of $ETH rallied an average of 123% after the highlighted RSI structure showed up. With it showing up and unfolding again, this recent strength in Ethereum may only be the beginning of a huge rally, and altcoins can benefit significantly from this…”
A new price path for Ethereum
According to Marks, if the RSI structure is maintained, then the token could end up reaching $8500 over the long term.
“Look at what happened to $ETH every time this RSI structure presented itself, and it is FINISHING UP AGAIN. Last time this structure showed up, we saw Ethereum climb over 163%, and today, this pattern could initiate another >162% run to our next target above $8,500!!! GO TIME…”
However, according to CoinCodex ETH statisticsBy the end of 2026, it is possible that the token will reach a record high of 3,487 dollars in the first two weeks of February. The token could trade for $3264 by J31st January.
“According to our latest Ethereum price prediction, ETH is forecasted to rise by 11.95% and reach $3,487.57 by February 8, 2026. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 27 (Fear). Ethereum recorded 16/30 (53%) green days with 3.87% price volatility over the last 30 days.”
Please Read This: Binance Coin (BNB) Vs Ethereum: Which Is More Profitable In 2026?
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
