TLDR
- ETH maintains a long-term bullish trend with higher monthly lows.
- Increasing transaction activity underlines Ethereum’s robust network fundamentals.
- On-chain growth solidifies its valuation, providing a cushion during price consolidations.
- Reclaiming key resistance levels is essential for progressing toward the $4,800 target.
Ethereum (ETH) continues to exhibit impressive structural resilience as both long-term technical patterns and on-chain metrics align favorably. Analysts assert that the prevailing bullish framework on higher timeframes is supported by a surge in network activity combined with careful price consolidation, keeping the spotlight on a potential run towards the $4,800 resistance zone, even amidst short-term fluctuations.
Ethereum’s Bullish Structure on Monthly Charts
According to analyst Trader Tardigrade, the monthly chart reveals Ethereum is firmly entrenched in a longer-term bullish trend. The price action consistently forms higher lows along an ascending trendline, reflecting ongoing demand over various market cycles. Each correction has concluded at progressively higher levels, thereby reinforcing the overarching uptrend despite bouts of volatility.
The analyst also highlighted recurring patterns of rounded accumulation, which typically emerge during prolonged consolidation periods, allowing long-term holders to gradually purchase supply. Historically, these formations within Ethereum’s price trajectory have heralded robust upward movements rather than signaling distribution tops.
On a structural front, ETH continues to hover above significant long-term support, sustaining its bullish integrity across critical timeframes. As long as monthly closes respect the rising trendline, the charts affirm that Ethereum is in a primary uptrend, hinting at the possibility of reaching previous all-time highs should momentum return.
Rising Network Activity Enhances Ethereum’s Fundamentals
Simultaneously, analyst CyrilXBT notes a sharp acceleration in Ethereum’s on-chain activity, with daily transaction counts reaching multi-year highs, signaling a growing demand for block space. Historically, such sustained increases in transaction volume have coincided with periods of significant price stability.
Unlike ephemeral spikes seen during speculative frenzies, the current rise reflects a more durable trend, suggesting organic growth in usage rather than activity driven by momentary price surges. Increased engagement with decentralized applications and protocols appears to play a significant role in this expansion.
Moreover, elevated transaction volumes bolster Ethereum’s fundamental valuation by enhancing fee generation and reinforcing network utility. These dynamics create a robust foundation beneath Ethereum’s price, offering support during consolidation phases, and indicate that on-chain participation is steadily building alongside long-term market confidence.
Ethereum’s Price Faces Intermediate Resistance
However, in the short term, technical indicators suggest Ethereum faces ongoing resistance. According to analyst EliZ, the ETH/USD daily chart highlights repeated rejections near the $3,404 resistance level, where sellers consistently intervene, marking this region as a crucial decision point.
The price has retraced after each rejection, forming lower highs within this resistance range, indicating that bullish momentum has not yet regained dominance at elevated levels. The persistent inability to overcome this resistance suggests cautious sentiment among buyers in the current market landscape.
Two months ago, I already gave you a macro map.
And it was the perfect line to follow.
Rejected several times in our intermediate resistance at 0.75. $ETHhttps://t.co/cYXP0YUMYCpic.twitter.com/qx2iutfCBp
— EliZ (@eliz883) January 25, 2026
Nonetheless, the recent price movements remain orderly, with Ethereum holding above key demand zones, reflecting consolidation rather than disintegration. As EliZ indicated, a decisive reclaim of the resistance would be critical for unlocking upward momentum. Until that occurs, Ethereum’s price is likely to remain range-bound in the near term, balancing a strong long-term structure against short-term selling pressure.
