Ether’s (ETH) was down 14% from its 2026 high above $3,200 and 41% below its $4,950 all-time high, reached in August 2025. Despite this drawdown, traders remain optimistic about the ETH price rising higher as long as a key support level is reclaimed.
Key takeaways:
Ether traders are bullish on a $10,000 ETH price despite a 41% drawdown from all-time highs.
Wyckoff method, cycle patterns, and liquidity correlations converge on a $10,000–$15,000 ETH price target.
Record daily transactions, increasing daily active users and nine-year low transaction fees suggest bullish onchain momentum.
ETH traders are still eyeing $10,000-$15,000 price
Market analysts say ETH price is undergoing a technical correction to retest key support levels before continuing its uptrend.
Technical analysis using the Wyckoff method points to a potential ETH price breakout above the $10,000 mark, according to crypto analyst Annie.
Related: Bitmine’s staked Ether holdings point to $164M in annual staking revenue
“The structure is complete, just waiting for one last breakout,” the analyst said in a recent post on X, adding:
“Once the market kicks off, it’ll shoot straight up. $ETH target price is $10,000.” ETH/USD chart. Source: Annie
Fellow analyst Bitcoinsensus shared a similar bullish outlook for ETH, pointing out that a $10,000 ETH price could still be on the table this cycle.
“Looking at previous price performance, we can see that Ethereum has gone through massive upswings,” the analyst said in a Jan. 1 post on X.
An accompanying chart showed that the ETH/USD pair has “experienced diminishing returns” with each upswing.
“If we apply the same logic, we could see $ETH reach somewhere between $10K and $15K.” ETH/USD monthly chart. Source: Bitcoinsensus
Crypto Caesar, meanwhile, remained optimistic that Ether will hit the $10,000 mark “sooner or later” once the $4,500-$5,000 monthly resistance is broken.
“It’s just a matter of time. Onchain season will come back.” Source: Crypto Caesar
As Cointelegraph reported, a recurring pattern linking the global liquidity and the Russell 2000 index hints…
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