A crypto analyst has predicted that Ethereum’s price could soon soar to $3,500, potentially breaking away from the bearish pressure that has suppressed momentum for much of 2025. While ETH is currently trading more than 37.5% below its all-time high, the analyst has outlined technical indicators and market structure signals that suggest $3,500 is a realistic short-term target for the cryptocurrency.
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Ethereum price setup points to a rebound from $3,500
Crypto market analyst Tryrex has done just that delivered a fresh look at the Ethereum price, pointing to conditions that could support a strong upward move towards $3,500 in the coming months. In his post on X, the expert suggested that ETH may be nearing the end of its existence long-term correction phase and may be preparing for a decisive leap.
Tryrex emphasized the chance of a strong recovery in the first quarter of 2026, driven by Ethereum’s current hold on a critical liquidity zone between $2,800 and $3,000. He explained that briefly Bitcoin (BTC) has bottomed out in 2025 and immediately thereafter entering a period of limited bandwidth, Ethereum showed relative strength by firmly defending the liquidity region.
Based on the analyst’s weekly TradingView chart, this price area also represents a weekly demand zone that has absorbed repeated selling pressure. The fact that the price continues to hold this area indicates that market participants buy ETH instead of spreading it. The volume behavior at the bottom of the graph also suggests that the selling pressure has decreased compared to previous phases of Ethereum’s downtrend.
Tryrex expects an impulsive move to emerge as Ethereum continues to respond to the $2,800 to $3,000 liquidity range. If momentum builds as expected, ETH could break out of its current structure and move towards higher resistance levels, with a move above $3,500 seen as an increasingly likely short-term target. Since the price is currently above $3,000, this would represent an increase of more than 13%.
The analyst also revealed that his bullish forecast for ETH reflects broader conditions the altcoin market. He highlighted that many major altcoins appear to have bottomed out after prolonged downtrends, raising the possibility of coordinated upward moves as market sentiment and volatility improve.
Ethereum shows early moves in 2026
The market is only three days into 2026, and while major cryptocurrencies like Bitcoin and Dogecoin ended 2025 in the redEthereum seems to be showing the first signs of recovery. Initially, ETH started the year in a similar downtrend, but over the past 24 hours its price has risen by about 2.5%.
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CoinMarketCap data shows that Ethereum is down more than 9.5% from January 1 to date. However, it is trading volume up more than 100% in the last 24 hours, indicating strong interest from traders despite recent price declines. In addition, whales have been steadily accumulating ETHtaking advantage of lower prices to increase their positions.
Featured image from Pexels, chart from TradingView