Why analysts still expect an Ethereum price of $10,000

Ethereum is far below its peak, but there is a remarkable amount of optimism among traders. Despite a decline of more than 40 percent compared to the record level from 2025, a price target of $ 10,000, and according to some even higher, remains emphatically in view.

Correction within a larger uptrend

The Ethereum price is currently around $2,900. That is significantly lower than the top above $ 4,900 last summer and also about 14 percent below the annual peak of 2026. Yet many analysts see this movement mainly as a technical correction within a broader upward trend.

According to several traders, Ethereum is currently testing crucial support levels. As long as those zones hold and are recaptured later, the larger bullish scenario remains intact. That picture does not include an immediate collapse, but a phase of consolidation before the next impulse follows.

Technical patterns point up

An important argument comes from the so-called Wyckoff analysis, a classical method that studies market structures and phases of accumulation and distribution. Analyst Annie states that the current structure is “virtually complete” and that Ethereum is waiting for one final breakout. In that scenario, a rate of $10,000 is within reach.

Other analysts mainly look at long cycles. Historically, Ethereum has had strong upside phases, but with decreasing percentage returns per cycle. If that trend continues, a peak between $10,000 and $15,000 would make sense within the current market cycle.

The relationship with global liquidity and stock markets is also pointed out. In previous cycles, Ethereum has often lagged behind smaller US stocks, such as those in the Russell 2000 index. That backlog now appears to be visible again. If Ethereum catches up with that movement, it could provide a powerful boost to the entire altcoin market.

Onchain signals remain remarkably strong

Not only technical analysis supports optimism. Clear signals of activity can also be seen under the hood of the network.

The number of daily transactions on Ethereum reached a record of almost 2.8 million in mid-January. That is an increase of about 20 percent in one month. The number of active addresses even increased by about 50 percent. This indicates increasing use of the network, despite the falling price.

At the same time, transaction costs have fallen sharply. Total daily fees are at the lowest level in almost nine years. That sounds contradictory, but is actually seen as positive by many analysts. Lower costs make the network more attractive to users and developers, especially compared to competing blockchains.

Remarkably, the number of new smart contracts is actually rising to record levels. This suggests that developers continue to actively build, even in a period when the market shows little enthusiasm.

No guarantee, but an asymmetrical profile

It remains important that no model or pattern offers guarantees. The market may remain weak for longer, especially if macroeconomic conditions deteriorate. But according to many traders, the risk-reward ratio is shifting.

The reasoning is simple: the downside risk appears limited as long as key support levels remain intact, while the upside potential upon a return of liquidity and risk appetite is considerable. In that light, an Ethereum price of $10,000 for this cycle remains “on the table” for many analysts.