Is $10K ETH Price on the Table? Key Ethereum Metrics Hint at an Upside Move

Ether’s (ETH) was down 14% from its 2026 excessive above $3,200 and 41% under its $4,950 all-time excessive, reached in August 2025. Regardless of this drawdown, merchants stay optimistic in regards to the ETH value rising increased so long as a key help degree is reclaimed.

Key takeaways:

• Ether merchants are bullish on a $10,000 ETH value regardless of a 41% drawdown from all-time highs. 

• Wyckoff methodology, cycle patterns, and liquidity correlations converge on a $10,000–$15,000 ETH value goal. 

• Report day by day transactions, rising day by day lively customers and nine-year low transaction charges counsel bullish onchain momentum.

ETH merchants are nonetheless eyeing $10,000-$15,000 value

Market analysts say ETH value is present process a technical correction to retest key help ranges earlier than persevering with its uptrend.

Technical evaluation utilizing the Wyckoff method factors to a possible ETH value breakout above the $10,000 mark, in accordance with crypto analyst Annie.

Associated: Bitmine’s staked Ether holdings point to $164M in annual staking revenue

“The construction is full, simply ready for one final breakout,” the analyst said in a latest submit on X, including:

“​​As soon as the market kicks off, it will shoot straight up. $ETH goal value is $10,000.”

Fellow analyst Bitcoinsensus shared the same bullish outlook for ETH, mentioning {that a} $10,000 ETH value may nonetheless be on the desk this cycle.

“Taking a look at earlier value efficiency, we are able to see that Ethereum has gone via large upswings,” the analyst said in a Jan. 1 submit on X. 

An accompanying chart confirmed that the ETH/USD pair has “skilled diminishing returns” with every upswing.

“If we apply the identical logic, we may see $ETH attain someplace between $10K and $15K.”

Crypto Caesar, in the meantime, remained optimistic that Ether will hit the $10,000 mark “ultimately” as soon as the $4,500-$5,000 month-to-month resistance is damaged.

“​​It’s only a matter of time. Onchain season will come again.”

As Cointelegraph reported, a recurring sample linking the worldwide liquidity and the Russell 2000 index hints at a possible 226% ETH value breakout. Such a transfer from the present degree locations Ether’s value goal at $9,500.

“ETH is behind the Russell-2000 for the primary time in years,” said Coinvo Buying and selling in a Monday X submit, including: 

“As soon as ETH catches up, altcoin season begins.”

Ethereum transaction charges hit 9-year lows

A number of onchain components help Ether’s upside, together with high network activity and powerful help under.

Ethereum has additionally seen an influx of new users with day by day transactions hitting a report excessive of two.78 million on Jan. 15.

This has seen the day by day transaction depend improve by about 20% during the last month. The variety of day by day lively addresses has jumped 50% over the identical interval, reflecting excessive onchain demand.

In the meantime, day by day transaction charges have dropped considerably during the last 30 days, hitting eight-year lows under 150 ETH ($435,000) on Tuesday, in accordance with information from Glassnode.

Decrease transaction charges are a long-term bullish catalyst for value because it enhances Ethereum’s utility and competitiveness towards rival layer-1 chains, whereas attracting extra customers.

“Ethereum tx charges are at all-time lows proper now, however sensible contract deployments simply hit a report excessive,” Cypher said in a latest X evaluation.

Such a mixture often means builders are delivery whereas builders stay lively, Cypher defined, including:

“Quietly one of the vital bullish backdrops for $ETH proper now.”

🚨 NOW: Ethereum transaction charges hit all-time lows whereas contract deployments attain report excessive, per Token Terminal. pic.twitter.com/Dc853JT19r

— Cointelegraph (@Cointelegraph) January 23, 2026