The price of Ether (ETH) fell 14% from its 2026 peak above $3,200 and 41% below its all-time high of $4,950 reached in August 2025. Despite this decline, traders remain optimistic that ETH price will proceed to rise so long as a key support level is reclaimed.
Key Takeaways:
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Ether traders are bullish on ETH price at $10,000 despite a 41% decline from the all-time high.
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Wyckoff method, cycle patterns and liquidity correlations converge on an ETH price goal of $10,000 to $15,000.
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Record every day transactions, increasing every day lively users, and nine-year low transaction fees indicate bullish momentum on the chain.
ETH traders are still eyeing a price of $10,000 to $15,000
Market analysts say ETH price is undergoing a technical correction to retest key support levels before resuming its uptrend.
According to crypto analyst Annie, technical evaluation using the Wyckoff method suggests a possible breakout of ETH price above the $10,000 mark.
“The structure is prepared and just waiting for a final breakout,” the analyst said in a recent post on X, adding:
“Once the market gains momentum, it can shoot straight higher. $ETH's price goal is $10,000.” ETH/USD chart. Source: Annie
Analyst Bitcoinsensus shared a similarly bullish outlook for ETH, noting that $10,000 ETH price could still be on the table this cycle.
“Looking at past price motion, we will see that Ethereum has experienced massive upswings,” the analyst said in a Jan. 1 post on X.
An accompanying chart showed that the ETH/USD pair experienced “declining returns” with each upswing.
“If we apply the identical logic, we could see $ETH reach anywhere between $10,000 and $15,000.” 
ETH/USD monthly chart. Source: Bitcoinsensus
Crypto Caesar, meanwhile, remained optimistic that Ether will hit $10,000 “ultimately” once monthly resistance at $4,500-$5,000 is broken.
“It's only a matter of time. On-chain season will return.” 
Source: Crypto Caesar
As Cointelegraph reported, a recurring pattern linking global liquidity and the Russell 2000 Index suggests a possible 226% breakout in ETH price. Such a move from current levels puts Ether’s price goal at $9,500.
“ETH is behind the Russell 2000 for the primary time in years,” Coinvo Trading said in a Monday X post, adding:
“Once ETH catches up, altcoin season will begin.”
Ethereum transaction fees hit their lowest level in 9 years
Several on-chain aspects support Ether's uptrend, including high network activity and powerful support below.
Ethereum also saw an influx of recent users, with every day transactions hitting a record high of two.78 million on January 15.
As a result, the every day transaction count has increased by around 20% within the last month. The variety of every day lively addresses increased by 50% over the identical period, driven by high on-chain demand.
30-day performance of top layer 1 blockchains. Source: Nansen.
Meanwhile, every day transaction fees have fallen significantly over the past 30 days, reaching their lowest level in eight years below 150 ETH ($435,000) on Tuesday, in keeping with data from Glassnode.
Source: Glassnode
Lower transaction fees are a long-term catalyst for price appreciation as they increase Ethereum's utility and competitiveness against rival Layer 1 chains while attracting more users.
“Ethereum broadcast fees are currently at their lowest ever, but smart contract deployments just hit an all-time high,” Cypher said in a recent X evaluation.
Such a mix often means developers ship while builders stay lively, Cypher explained, adding:
“Right now, that is one of the bullish backdrops for $ETH.”
🚨 NOW: Ethereum transaction fees hit all-time low while contract deployment hits all-time high, in keeping with Token Terminal. pic.twitter.com/Dc853JT19r
– Cointelegraph (@Cointelegraph) January 23, 2026
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