Ethereum and Bitcoin both have been showing a volatile stance lately. Both the assets have been portraying a certain ebb and flow in their prices, peaking and then dropping as new macro developments continue to push them down. Will Ethereum be able to gain better momentum by the end of January 2025? Let’s find out.
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What Is ETH’s Main Target?
Ethereum is currently at $3116, down 1% in the last 24 hours. The token is constantly trying to climb high marks but is pushed by changing economic stances. Per the latest update shared by Ash Crypto, the expert believes Ethereum’s survival is essential for alts, which may drop down if ETH fails to live up to the expectations.
“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.”
However, per Javon Marks, the expert shared how he thinks Ethereum may ultimately score a big win soon. Marks shared how Ethereum’s RSI is showing a bullish change, which may help the token claim its lost value soon.
“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…”
New Predicted Price Path for ETH
As per Marks, if this RSI structure holds, the token may end up hitting $8500 in the long run.
“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 statistics, the token may ultimately reach a new high of $ 3,487 by the first week of February 2026. By J31st January, the token may trade at $3264.
“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.”
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