Darius Baruo
Jan 24, 2026 06:41
Ethereum trades at $2,962 with RSI at 40.16 suggesting oversold bounce potential. Technical analysis points to $3,350 target by February if ETH breaks above $3,084 resistance level.
ETH Price Prediction Summary
• Short-term target (1 week): $3,150-$3,200
• Medium-term forecast (1 month): $3,200-$3,350 range
• Bullish breakout level: $3,084.91
• Critical support: $2,831.19
What Crypto Analysts Are Saying About Ethereum
While specific analyst predictions from major KOLs are limited in recent days, platform forecasts provide insight into Ethereum’s near-term outlook. According to CoinCodex analysis from January 19, “ETH price is expected to rise by 10.39% in the next 5 days,” targeting $3,660.02 by January 23, though this target appears optimistic given current market conditions.
Coindcx research from January 20 suggests a more conservative approach, noting that “over the coming week, Ethereum price may gain 1.5% to 3% if it continues to hold above the $3,150–$3,190 support zone,” with targets between $3,280–$3,350 by mid-January 2026.
On-chain metrics from major data platforms indicate mixed signals, with trading volume maintaining healthy levels at $864 million on Binance spot markets, suggesting continued institutional interest despite recent price consolidation.
ETH Technical Analysis Breakdown
Ethereum’s current technical setup presents a compelling case for potential upside recovery. Trading at $2,962.50, ETH sits below most key moving averages, indicating the asset remains in a corrective phase from recent highs.
The RSI reading of 40.16 positions Ethereum in neutral territory with slight oversold tendencies, historically a favorable zone for bounce opportunities. This RSI level often precedes short-term relief rallies, particularly when combined with other supporting indicators.
MACD analysis reveals bearish momentum with the histogram at -0.0000, though this flat reading suggests selling pressure may be exhausting. The proximity to a potential MACD crossover could signal momentum shift if buying interest emerges.
Bollinger Bands analysis shows ETH positioned at 0.16 on the band spectrum, indicating the price sits much closer to the lower band ($2,873.05) than the upper band ($3,433.46). This positioning often indicates oversold conditions and potential mean reversion opportunities.
The Average True Range of $126.46 demonstrates elevated volatility, creating both risk and opportunity for active traders seeking momentum plays.
Ethereum Price Targets: Bull vs Bear Case
Bullish Scenario
The primary ETH price prediction for the bullish case centers on a breakout above the immediate resistance at $3,023.71, followed by a test of the stronger resistance at $3,084.91. Successfully clearing this level would likely trigger momentum algorithms and could propel Ethereum toward the $3,150-$3,200 range within one week.
Medium-term upside targets align with the 20-day SMA at $3,153.26, representing a logical first target. Extended bullish momentum could drive the Ethereum forecast toward $3,350, coinciding with historical support-turned-resistance levels.
Technical confirmation would require sustained volume above 900 million daily and RSI recovery above 50, indicating momentum shift from bearish to bullish territory.
Bearish Scenario
Downside risks emerge if ETH fails to hold the immediate support at $2,896.85. A break below this level would expose the stronger support zone at $2,831.19, representing a 4.4% decline from current levels.
Extended weakness could test the Bollinger Band lower boundary at $2,873.05, though this level historically provides strong technical support for Ethereum. A break below $2,800 would signal deeper correction potential toward the $2,700-$2,750 range.
Risk factors include continued MACD divergence, failure to reclaim the 20-day moving average, and broader cryptocurrency market weakness affecting institutional sentiment.
Should You Buy ETH? Entry Strategy
Based on current technical levels, strategic entry opportunities exist for different risk profiles. Conservative investors might consider dollar-cost averaging between $2,900-$2,950, positioning for the medium-term Ethereum forecast of $3,200-$3,350.
Aggressive traders could enter on a break above $3,025 with confirmation volume, targeting the $3,084 resistance for quick profits. This strategy requires tight risk management with stop-losses below $2,950.
Risk management suggests position sizing no more than 2-3% of portfolio value, given the elevated volatility environment. Stop-loss levels should be placed below $2,830 for swing trades and below $2,900 for longer-term positions.
The optimal entry strategy involves waiting for either a successful test of support around $2,900 or a confirmed breakout above $3,025 with accompanying volume surge.
Conclusion
This ETH price prediction suggests moderate bullish potential over the next 30 days, with targets of $3,200-$3,350 representing reasonable expectations if technical levels hold. The combination of oversold RSI conditions, compressed Bollinger Bands, and stabilizing MACD creates a favorable setup for recovery.
However, Ethereum forecast accuracy depends heavily on broader market conditions and Bitcoin’s performance, which continues to influence altcoin sentiment. Traders should monitor the $3,084 resistance level closely, as a decisive break above this zone would confirm the bullish thesis.
Disclaimer: Cryptocurrency price predictions involve significant risk and volatility. This analysis is for informational purposes only and should not constitute financial advice. Always conduct your own research and consider your risk tolerance before investing.
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Source: https://blockchain.news/news/20260124-price-prediction-eth-targets-3350-by-february-as-technical
