A prominent crypto analyst has forecasted a potential surge in Ethereum's price, predicting it could reach $3,500 in the near future. According to analysts cited in the report, the outlook is promising as ETH has struggled under bearish pressure for much of 2025, currently trading significantly below its all-time highs.
Ethereum's Corrective Phase Nearing End
Crypto market analyst Tryrex has shared insights suggesting that Ethereum may be nearing the end of its lengthy corrective phase. In a recent post on X, he indicated that the cryptocurrency is poised for a significant rebound, particularly in the first quarter of 2026, as it holds a crucial liquidity zone between $2,800 and $3,000.
Relative Strength of Ethereum
Tryrex noted that while Bitcoin has experienced a bottoming-out phase, Ethereum has demonstrated relative strength by maintaining its position within this liquidity region. His analysis, based on a weekly TradingView chart, shows that this price area has acted as a demand zone, absorbing selling pressure and indicating that buyers are stepping in rather than distributing ETH.
Potential for Impulsive Move
The analyst anticipates an impulsive move as Ethereum continues to respond to the $2,800 to $3,000 range. If momentum builds as expected, a breakout above $3,500 could become increasingly likely, representing a potential increase of over 13% from its current price above $3,000. Tryrex's bullish forecast also reflects broader trends in the altcoin market, where many major cryptocurrencies are showing signs of recovery after prolonged downtrends.
Signs of Recovery in 2026
As 2026 begins, Ethereum has shown early signs of recovery, with a notable 25% price increase in the last 24 hours. Despite a more than 95% decline since January 1, trading volume has surged by over 100%, indicating strong interest from traders. Additionally, whale investors have been accumulating ETH, taking advantage of lower prices to bolster their positions.
In contrast to Ethereum's recent recovery, a significant decline in Bitcoin inflows to Binance has been reported, indicating a shift in market sentiment. For more details, see the full analysis on the decline in inflows.
