ETH Price Prediction: Targets $3,500 by Month-End as Technical Indicators Signal Bullish Momentum

ETH Price Prediction: Targets $3,500 by Month-End as Technical Indicators Signal Bullish Momentum - Blockchain.News

ETH Price Prediction Summary

• Short-term target (1 week): $3,400-$3,500
• Medium-term forecast (1 month): $3,200-$3,600 range
• Bullish breakout level: $3,393 (immediate resistance)
• Critical support: $3,155

What Crypto Analysts Are Saying About Ethereum

According to recent analyst predictions, Altcoin Doctor (@AltcoinDoctor) stated on January 4, 2026: "Ethereum's potential to reach $3,500 by mid-January 2026 represents a realistic upside target from current levels." This target aligns closely with current technical resistance levels.

CoinCodex provided an Ethereum forecast on January 7, suggesting "ETH price is expected to rise by 10.38% in the next 5 days according to our Ethereum price prediction," with a target of $3,549.33 by January 12, 2026.

While specific analyst predictions from major KOLs are limited in recent days, on-chain metrics from platforms like Glassnode and CryptoQuant continue to show strengthening fundamentals for Ethereum's price structure.

ETH Technical Analysis Breakdown

Ethereum's current technical setup presents a compelling bullish case. Trading at $3,287.69, ETH sits well above its key moving averages, with the 7-day SMA at $3,159 and 20-day SMA at $3,095. This positioning indicates strong short-term momentum.

The RSI reading of 61.80 places Ethereum in neutral territory, providing room for further upside without entering overbought conditions. The MACD histogram at 0.0000 suggests bullish momentum is building, while the main MACD line at 50.10 confirms positive trend direction.

Particularly noteworthy is ETH's Bollinger Band position at 0.90, indicating the cryptocurrency is trading near the upper band at $3,337. This positioning suggests strong buying pressure but also warns of potential short-term resistance.

The 24-hour trading range of $3,130 to $3,367 demonstrates significant volatility, with the Average True Range (ATR) of $107.53 confirming elevated price movement expectations.

Ethereum Price Targets: Bull vs Bear Case

Bullish Scenario

The primary bullish ETH price prediction targets the immediate resistance at $3,393, followed by the stronger resistance level at $3,499. A sustained break above $3,393 with strong volume could propel Ethereum toward the $3,500 target cited by analysts.

For this Ethereum forecast to materialize, ETH needs to maintain its position above the pivot point at $3,261 while building momentum through the upper Bollinger Band. The 24-hour volume of $1.86 billion provides sufficient liquidity for such moves.

Bearish Scenario

The downside risk centers around the immediate support at $3,155, which coincides closely with the 7-day moving average. A breakdown below this level could trigger selling toward the stronger support at $3,024.

The primary risk factor remains ETH's position significantly below the 200-day SMA at $3,641, indicating the longer-term trend still faces headwinds. Any broader crypto market weakness could pressure Ethereum toward these lower support levels.

Should You Buy ETH? Entry Strategy

Current technical conditions suggest potential entry opportunities on any pullback toward the $3,200-$3,260 range, which aligns with the pivot point and provides a favorable risk-reward ratio.

Conservative traders might wait for a confirmed break above $3,393 before entering, using the immediate support at $3,155 as a stop-loss level. This approach offers approximately 3% downside risk against 3-4% initial upside potential.

More aggressive traders could consider scaling into positions around current levels, given the neutral RSI reading provides room for momentum building. A stop-loss below $3,155 would limit downside exposure while maintaining upside exposure to the $3,500 target.

Conclusion

This ETH price prediction suggests moderate bullish potential over the coming weeks, with technical indicators supporting movement toward $3,400-$3,500. The combination of neutral RSI, bullish MACD momentum, and analyst targets around $3,500 creates a compelling case for measured optimism.

However, traders should remain cautious of the significant resistance ahead and ETH's position below longer-term moving averages. The Ethereum forecast appears most favorable for short-term timeframes, with monthly targets dependent on broader crypto market conditions.

Disclaimer: Cryptocurrency price predictions are highly speculative and subject to extreme volatility. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and risk assessment before making investment decisions.

Image source: Shutterstock