Ethereum is once again showing signs of rejuvenation, as the asset continues to climb new highs. Ethereum is currently sitting at $3300, with Bitcoin crossing over the $90K mark after significant efforts. That being said, one analyst believes Ethereum is now already charting its own price trajectory, mirroring a setup that helped the asset rally hard and fast before. Can history repeat again?
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Ethereum Pre-Rally Setup
According to Javon Marks, a notable cryptocurrency market expert, Ethereum is showing signs of a bullish breakout. Ethereum’s MACD is showcasing a new bullish crossover, which usually portrays a bullish stance for the asset. Marks was quick to add how the last time this development happened, Ethereum managed to surge nearly 217% in the process.
Stating the next possible targets for Ethereum, Marks shared how ETH prices may hit $4811 and then $8557 if this development truly bears fruit.
“The MACD on $ETH’s chart has recorded another bullish crossover! The last time this happened, prices were near $1,550, and they surged approximately +217% after to $4,950+. The crossover highlighted today happened near $2,900, and we are targeting $4,811.71, then $8,557.68… (Ethereum).
In addition to this, Ethereum is constantly being touted as the next breakout chain, centering the elements of tokenization around it.
“LATEST: 📈 Bitmine chairman Tom Lee told CNBC that Ethereum could reach $7,000-$9,000 by early 2026 as Wall Street accelerates tokenization efforts, with a longer-term case for $20,000.”
Ethereum’s Immediate Price Target
According to CoinCodex ETH stats, Ethereum may now surge to sit at a new high of $3553 by the end of January 2026.
“According to our latest Ethereum price prediction, ETH is forecasted to rise by 11.81% and reach $3,553.05 by February 4, 2026. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 26 (fear). Ethereum recorded 18/30 (60%) green days with 3.55% price volatility over the last 30 days.”
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