Ethereum Price Forecast: Can Growing Network Activity Push ETH Toward the $4,800 Target?

Jakarta, Pintu News – Ethereum (ETH) continues to show strong structural resilience as long-term technical patterns and on-chain data converge. Analysts highlight the presence of a sustainable bullish framework in the longer term, supported by increased network activity and controlled price consolidation.

These factors maintain the focus on higher resistance levels, including the $4,800 zone, despite short-term challenges.

Ethereum Price Bullish Structure Remains Firm on Monthly Charts

According to Tardigrade Trader analysts, the monthly chart shows that Ethereum price is still in a long-term uptrend. The price movement continues to form higher lows along the rising trend line, reflecting consistent demand across various market cycles.

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Each correction phase managed to end higher, which reinforced the overall uptrend despite periods of volatility.

Additionally, the analyst highlighted a recurring curved-shaped accumulation pattern. These formations generally form during long consolidation phases, where long-term market participants slowly absorb supply. Historically, similar patterns in the Ethereum price often precede sharp rises, rather than being the peak of distribution.

From a structural point of view, ETH price remains above the long-term support level, maintaining the integrity of the bullish trend on the highest time frame. As long as the monthly close remains above the ascending trendline, this chart supports the view that Ethereum price remains in a major uptrend.

This framework gives room for a continued rise towards all-time highs if momentum picks up again.

Network Activity Strengthens Ethereum Price Foundation

Meanwhile, according to CyrilXBT analysts, Ethereum’s on-chain activity has significantly accelerated. The number of daily transactions has reached the highest level in recent years, signaling a growing demand for block space.

Historically, sustained increases in transactions often coincide with periods of structural price strength.

Unlike the momentary spikes that usually occur in speculative phases, the increase this time reflects a more sustainable trend. This suggests organic growth in usage, not just activity driven by rapid price movements. Increased interaction across decentralized applications and protocols seems to be contributing to this expansion.

Furthermore, higher transaction volumes support Ethereum’s fundamental valuation through increased revenue from transaction fees as well as strengthened network utility. These dynamics strengthen the foundation behind Ethereum’s price, providing support during the consolidation phase.

This data shows that on-chain participation continues to grow as long-term market confidence increases.

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Ethereum Price Held Below Intermediate Resistance

However, on a short-term technical basis, Ethereum is still facing resistance pressure, according to EliZ analysts. The daily chart of ETH against USD shows repeated rejection around the $3,404 resistance level, where sellers have consistently stepped in. This zone has become an important decision area for the direction of movement in the near term.

The price continued to drop after each rejection, forming lower highs within the resistance range. This pattern indicates that the bullish momentum has not managed to gain control of higher price levels. The inability to reclaim these resistance levels reflects the caution of buyers in the current market conditions.

Even so, the downward price movement is still taking place regularly. The price remains above the key demand zone, signaling a consolidation phase, not a sharp decline. As noted by EliZ, a clear breakout of the resistance is needed to open the door to a continuation of the uptrend.

Until that happens, Ethereum price is expected to remain rangebound in the medium term, balancing a strong long-term structure with short-term supply pressures.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinCentral. Ethereum Price Prediction: Network Growth Supports $4800 Target. Accessed on January 26, 2026