Ethereum Faces Final Hurdle Before $7,000 Target, Analysts Say
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 04 2026- Price Recovery: Ethereum has rebounded above the support zone in the upper $2,000s at the start of 2026, indicating sustained buyer interest despite the lack of explosive movement, suggesting a gradual improvement in market sentiment.
- Technical Analysis: Analysts highlight that Ethereum's final hurdle is breaking above the descending trendline, which, if achieved, could trigger a price surge towards $3,600 and potentially $4,800, further supporting the long-term target of $7,000.
- Market Structure: After undergoing an ABC pattern correction, Ethereum's price remains within an organized downward channel, reflecting market stability and potential rebound opportunities; maintaining support above the $2,000 level will help sustain a positive outlook.
- Investor Focus: As Ethereum approaches this critical resistance level again, investor attention is on whether it can break through; a successful breakout would alter the market structure, while a rejection could lead to prolonged price stagnation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
