> At a Glance
> – Ethereum rebounded above $3,200 after closing 2025 below $3,000
> – Analysts set targets from $3,500 to a record $11,000 by year-end
> – Spot ETF inflows and low exchange reserves back the bullish case
> – Why it matters: A breakout past $3,440 could open the path to new highs
Ethereum kicked off 2026 with a 9% weekly surge, clawing back above $3,200 and igniting debate over whether fresh all-time highs are on the table.
Near-Term Levels to Watch
Open4profit flagged $3,440 as the immediate hurdle; a rejection there risks another pullback. Kamran Asghar sees the rally extending to $3,500 after the price bounced off an ascending trendline support.
The Value Trader is even more upbeat, eyeing $4,900 before February is out.
2026 Price Targets
Longer-term forecasts grow exponentially:
- Daink: above $7,200 by summer
- Yimin X & Crypto GEMs: a new record of $11,000 before 2027
- Crypto GEMs says a breakout above the $3,144 descending trendline is the final barrier
On-Chain Signals
Institutional appetite is returning:
- Spot Ethereum ETFs have posted net inflows for several days straight
- Exchange reserves sit just off their nine-year low at <16.5 million ETH, easing sell pressure
- RSI has leapt above 80, flashing overbought and hinting at a possible short-term cooldown
| Metric | Current Reading | Implication |
|---|---|---|
| ETF Netflows | Positive | Renewed institutional demand |
| Exchange Reserve | <16.5M ETH | Limited short-term selling |
| RSI | 80+ | Overbought; pullback risk |
Key Takeaways
- ETH needs to clear $3,440 to confirm upside momentum
- Multiple analysts target $4,900-$11,000 for 2026
- ETF inflows and low exchange supply support the bullish narrative
- RSI above 80 signals the rally may pause before the next leg
With resistance ahead and momentum building, all eyes stay glued to the $3,440 line in the sand.
