Iris Coleman
Jan 06, 2026 06:47
Ethereum shows bullish momentum with MACD histogram at 39.2 and RSI at 66.38. Our ETH price prediction targets $3,600 within 4-6 weeks based on technical breakout patterns.
Ethereum has broken above key resistance levels and is showing strong technical momentum as we enter January 2026. With the current price sitting at $3,250.55, our comprehensive Ethereum technical analysis suggests significant upside potential in the coming weeks. Multiple analysts have aligned on bullish ETH price prediction targets, creating a compelling case for continued gains.
ETH Price Prediction Summary
• ETH short-term target (1 week): $3,400 (+4.6%)
• Ethereum medium-term forecast (1 month): $3,500-$3,600 range (+8-11%)
• Key level to break for bullish continuation: $3,447.44 (strong resistance)
• Critical support if bearish: $2,775.19 (immediate support level)
Recent Ethereum Price Predictions from Analysts
The analyst community has converged on a notably bullish Ethereum forecast for early 2026. Blockchain.News has issued multiple ETH price prediction updates over the past week, progressively raising their targets from $3,200 to $3,600 based on strengthening technical indicators. Their latest analysis highlights bullish MACD divergence and RSI positioning that supports our own assessment.
CoinCodex’s algorithmic ETH price target of $3,234.99 represents a conservative 10.29% gain over five days, while The Speaker’s institutional analysis points to a longer-term $5,000 ETH price target driven by supply dynamics. The consensus among these predictions creates a strong foundation for bullish momentum, with short-term targets clustering around $3,200-$3,600.
What’s particularly encouraging is the consistency across different analytical approaches – from pure technical analysis to fundamental institutional flow analysis – all pointing toward higher prices for Ethereum.
ETH Technical Analysis: Setting Up for Breakout
The current Ethereum technical analysis presents a textbook bullish setup. The MACD histogram reading of 39.1999 indicates strong upward momentum, while the RSI at 66.38 sits comfortably in neutral territory with room to move higher before reaching overbought conditions.
Ethereum’s position relative to the Bollinger Bands is particularly telling. With a %B reading of 1.0688, ETH is trading above the upper band at $3,221.46, suggesting strong buying pressure. While this typically indicates potential for short-term consolidation, the sustained volume of over $1 billion on Binance spot markets confirms institutional participation.
The moving average structure supports our bullish ETH price prediction. Trading above both the 7-day SMA ($3,121.23) and 20-day SMA ($3,010.11), Ethereum has established a clear uptrend. The key challenge lies in reclaiming the 200-day SMA at $3,610.00, which would signal a major trend reversal and validate longer-term bullish targets.
Pattern analysis reveals Ethereum has successfully broken above the critical $3,177.50 resistance level that multiple analysts identified as pivotal. This breakout, combined with the current consolidation above $3,200, suggests accumulation before the next leg higher.
Ethereum Price Targets: Bull and Bear Scenarios
Bullish Case for ETH
Our primary Ethereum forecast targets $3,600 within 4-6 weeks, representing an 11% gain from current levels. This ETH price target aligns with the 200-day moving average resistance and multiple analyst projections. The path higher involves breaking through immediate resistance at $3,447.44, which would trigger algorithmic buying and target the next major level.
For this bullish scenario to unfold, Ethereum needs to maintain support above $3,200 while the RSI climbs toward 70-75 levels. Continued institutional accumulation, as evidenced by BitMine’s recent 44,000 ETH treasury addition, provides fundamental support for higher prices.
A breakout above $3,600 would open the door to testing the psychologically important $4,000 level by March 2026, though this requires broader crypto market cooperation.
Bearish Risk for Ethereum
The primary downside risk for our ETH price prediction centers on a breakdown below the $2,775.19 support level. Such a move would invalidate the current bullish structure and target the stronger support zone around $2,623.57, representing a potential 19% decline from current levels.
Key warning signs to monitor include RSI rolling over from current levels without reaching 70, MACD histogram turning negative, or Bitcoin experiencing significant selling pressure that drags the broader crypto market lower.
The elevated Bollinger Band position creates near-term vulnerability to profit-taking, particularly if volume diminishes or if broader market sentiment shifts negative.
Should You Buy ETH Now? Entry Strategy
Based on our Ethereum technical analysis, current levels offer a reasonable entry point for those seeking exposure to our bullish ETH price prediction. However, more conservative traders should wait for a pullback to the $3,150-$3,200 range, which would offer better risk-reward dynamics.
For immediate entries, we recommend using a stop-loss below $3,000 to limit downside risk while targeting our primary objective of $3,600. This provides a favorable 3:1 risk-reward ratio that justifies the position sizing.
Position sizing should remain conservative given Ethereum’s current 32.73% distance from its 52-week high of $4,832.07. Allocating no more than 3-5% of portfolio value to this trade allows for multiple attempts if the initial position gets stopped out.
Dollar-cost averaging over 7-10 days could help smooth entry timing, particularly given the elevated Bollinger Band positioning that suggests potential near-term volatility.
ETH Price Prediction Conclusion
Our analysis supports a bullish Ethereum forecast with high confidence for the next 4-6 weeks. The combination of positive MACD momentum, neutral RSI positioning, and successful resistance breakouts creates a compelling technical setup for our $3,600 ETH price target.
Confidence Level: High (75%)
Key indicators to watch for confirmation include RSI breaking above 70, sustained daily closes above $3,400, and continued institutional accumulation. Invalidation signals would include a close below $3,000 or broader crypto market weakness that pressures all major assets.
The timeline for this prediction centers on mid-to-late February 2026, allowing sufficient time for institutional flows and technical momentum to drive prices toward our targets. Success in reaching $3,600 would set the stage for testing even higher levels as Ethereum continues its recovery from 2022-2023 bear market lows.
For traders and investors considering whether to buy or sell ETH, the current setup favors the bulls with clearly defined risk parameters and attractive upside potential.
Image source: Shutterstock
Source: https://blockchain.news/news/20260106-price-prediction-eth-targeting-3600-by-february-2026-as
