Ethereum Struggles to Break $3,000 — Could a 20% Rally Be Ahead?

Updated

January 2, 2026

Gambar Ethereum Struggles to Break $3,000 — Could a 20% Rally Be Ahead?

Jakarta, Pintu News – Ethereum price is hovering around $2,900 again after closing out 2025 with a flat move. Even so, crypto market analysts remain optimistic about ETH heading into 2026, with some predicting up to 20% gains in the next few weeks.

Inflows into ETFs are also expected to increase as demand from institutional investors rises. So, how will Ethereum price move today?

Ethereum Price Up 0.26% in 24 Hours

On January 2, 2026, Ethereum was trading at approximately $2,994, equivalent to around IDR 50,146,187 — marking a modest 0.26% gain over the past 24 hours. During the same period, ETH dipped to a low of IDR 49,867,186 and reached a high of IDR 50,333,743.

At the time of writing, Ethereum’s market capitalization is estimated at IDR 6,034 trillion, while its daily trading volume has fallen by 35% to IDR 172.47 trillion in the last 24 hours.

Ethereum Price Has the Potential to Rise 20%

According to CoinSpeaker, despite flat trading volumes, the price of Ethereum has remained steady at around $2,980 as investors remain optimistic ahead of 2026.

In terms of fundamentals, the Ethereum blockchain network is showing rapid growth, with 8.7 million new contracts deployed during the fourth quarter of 2025. In recent weeks, Ethereum price has been moving in a range between $2,800 and $3,000.

Crypto analyst Ted Pillows noted that by 2026, a potential breakout could occur if ETH bulls manage to convincingly break the $3,000 resistance level.

$ETH is still doing absolutely nothing.

Maybe a new year will result in a breakout above the $3,000 level.

If that happens, Ethereum could pump 15%-20% in a few weeks. pic.twitter.com/wEjdW77uyz
— Ted (@TedPillows) January 1, 2026

He added that if the price is able to hold above that level, there could be a short-term rally of around 15% to 20% in the next few weeks.

Meanwhile, another crypto analyst, Crypto Jelle, said that ETH’s current price structure is still strong, and a move towards $4,000 could significantly weaken the bearish pressure.

According to him, if Ethereum manages to break out of that range, sellers will likely find it difficult to regain control of the market. Furthermore, Crypto Jelle predicts that 2026 could be an important turning point for Ethereum, with price targets possibly reaching up to $8,500.

$ETH still looks very strong.

If price can push towards $4k from here, I doubt bears can hold it down again.

It might finally be time for ETH to shine again next year. pic.twitter.com/ImWCJPdMit
— Jelle (@CryptoJelleNL) December 31, 2025

Ethereum ETF closes 2025 with strong performance

Despite December’s volatility, the spot Ethereum ETF closed out 2025 on a solid note. Over the year, inflows into the spot Ethereum ETF totaled $9.6 billion-four times the amount recorded in 2024.

These strong fund flows reflect the growing interest from institutional and retail investors in Ethereum, as the ETF market for digital assets matures. BlackRock’s iShares Ethereum Trust (ETHA) was the largest contributor to net inflows during the year.

BIG institutions are buying $ETH. pic.twitter.com/131Pf8Tqlc
— CryptoGoos (@cryptogoos) January 1, 2026

On the other hand, Tom Lee’s Bitmine Technologies (BMNR) continued to accumulate heavily during December. Market experts predict that significant buying from the ETH-focused company could trigger a short squeeze in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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