ETH Price Prediction: Targets $3,200-$3,400 by February 2026

Rongchai Wang
Jan 23, 2026 04:11

Ethereum trades at $2,969 with neutral RSI and bearish momentum. Technical analysis suggests potential recovery to $3,200-$3,400 range if ETH breaks above $3,089 resistance level within 2-4 weeks.

ETH Price Prediction Summary

• Short-term target (1 week): $3,050-$3,150
• Medium-term forecast (1 month): $3,200-$3,400 range
• Bullish breakout level: $3,089
• Critical support: $2,845

What Crypto Analysts Are Saying About Ethereum

While specific analyst predictions from key opinion leaders are limited in the current timeframe, recent forecasting platforms have provided mixed signals for Ethereum’s trajectory. According to CoinCodex data from January 19, ETH price was expected to rise by 10.39% targeting $3,660 by January 23, though current price action suggests this target has not materialized.

Coindcx analysis from January 20 indicated that Ethereum price may gain 1.5% to 3% if it maintains support above the $3,150-$3,190 zone, with potential targets between $3,280-$3,350 by mid-January. However, ETH has since dropped below this critical support area, currently trading at $2,969.

According to on-chain data from major analytics platforms, Ethereum’s network fundamentals remain solid despite the recent price decline, with transaction volumes and DeFi activity showing resilience.

ETH Technical Analysis Breakdown

The current technical picture for Ethereum presents a mixed but cautiously optimistic outlook. ETH is trading at $2,969, approximately 6.1% below its 20-day simple moving average of $3,163, indicating short-term bearish sentiment.

The RSI reading of 40.60 places Ethereum in neutral territory, suggesting the asset is neither oversold nor overbought. This provides room for movement in either direction, though it leans slightly toward oversold conditions.

The MACD histogram at -0.0000 shows bearish momentum has stalled, potentially signaling a momentum shift. Meanwhile, Ethereum’s position within the Bollinger Bands at 0.13 indicates the price is trading much closer to the lower band ($2,898.59) than the upper band ($3,427.40), suggesting potential for a bounce if buying interest emerges.

Key resistance levels are clearly defined at $3,029 (immediate) and $3,089 (strong resistance), while support sits at $2,907 (immediate) and $2,845 (strong support). The daily ATR of $119.60 indicates moderate volatility, typical for Ethereum’s current market conditions.

Ethereum Price Targets: Bull vs Bear Case

Bullish Scenario

If ETH successfully breaks above the $3,089 resistance level with strong volume, the path opens toward the $3,200-$3,400 range within 2-4 weeks. This Ethereum forecast would require:

• RSI breaking above 50 and maintaining momentum
• MACD histogram turning positive
• Trading volume exceeding the current 24-hour average of $809 million

The ultimate bullish target would be a retest of the 200-day SMA at $3,669, representing a 23% upside from current levels.

Bearish Scenario

Failure to hold the $2,907 immediate support could trigger a deeper correction toward $2,845 strong support. A break below this critical level might extend losses toward the $2,700-$2,750 range, representing a 10-12% decline.

Risk factors include:
– Continued weakness in broader crypto markets
– Regulatory uncertainty affecting DeFi protocols
– Macroeconomic headwinds impacting risk assets

Should You Buy ETH? Entry Strategy

For this ETH price prediction, conservative traders should consider dollar-cost averaging between $2,900-$2,950 levels, with a more aggressive entry if ETH retests the $2,845 strong support.

Suggested entry points:
– Primary entry: $2,900-$2,950 (current levels)
– Secondary entry: $2,845-$2,870 (strong support retest)
– Stop-loss: Below $2,800 (approximately 6% risk from $2,950 entry)

Risk management is crucial given the current technical uncertainty. Position sizes should be modest, with profits taken incrementally if ETH reaches the $3,200-$3,400 target range.

Conclusion

This ETH price prediction suggests a cautiously optimistic outlook for Ethereum over the next month. While current technical indicators show mixed signals, the proximity to strong support levels and neutral RSI provide a reasonable risk-reward setup for patient investors.

The Ethereum forecast points toward a potential 8-15% upside if technical resistance is broken, though traders should remain vigilant of the $2,845 support level. Success of this prediction largely depends on broader market sentiment and Bitcoin’s performance as the crypto market leader.

Confidence level: Moderate (60-65%)

Disclaimer: Cryptocurrency price predictions are inherently speculative and subject to high volatility. This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before investing.

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