Ethereum Climbs to $3,000 – Is a Break Above $5,000 on the Horizon?

Jakarta, Pintu News – The price of Ethereum (ETH) climbed back to $3,000 today, after dropping to $2,800 on Sunday due to a difficult weekend for the crypto market. Although the increase is relatively small, ETH still recorded a decline of 6% in a week and 7% in the past two weeks, and is down 4% over the past year.

However, fundamentally its position remains very strong. Prominent long-term investor Jelle stated that he expects Ethereum to “outperform” the market’s performance once Bitcoin (BTC) begins a thorough recovery.

With its status as the largest layer-one network in the crypto world, Ethereum’s long-term price predictions remain very positive for 2026.

Ethereum Price Up 1.31% in 24 Hours

On January 28, 2026, Ethereum was trading at approximately $3,003, or around IDR 50,215,792 — marking a 1.31% increase over the past 24 hours. During this time, ETH hit a low of IDR 48,719,924 and reached a high of IDR 50,747,157.

At the time of writing, Ethereum’s market capitalization is estimated at about IDR 6,071 trillion, while its daily trading volume has dipped by 1% to around IDR 466.5 trillion in the last 24 hours.

Read also: Bitcoin Holds Steady at $88,000 — Is a Surge to $100,000 Next?

Ethereum Price Prediction: Still Moving Sideway, But Potential to Break $5,000?

In a position update on the X platform, crypto investor Jelle highlighted that Bitcoin is still holding above weekly support levels, while macroeconomic conditions are starting to change in a direction that will eventually increase demand for BTC.

As such, Jelle plans to hold onto his BTC and wait for the next big rally, with a similar view on Ethereum.

As mentioned earlier, Jelle expects Ethereum to outperform market averages as sentiment becomes more bullish. However, he admits that if the ETH price drops below the $2,500 support level, he may have to “revisit” his strategy.

Looking at today’s Ethereum price chart, it appears that ETH may be approaching a major move, with a pennant pattern forming since October.

The RSI (yellow) and MACD (orange, blue) indicators have recently reached a suspected bottom, which could signal a significant upward correction for this altcoin.

Read also: After Hitting a Local Low, XRP Builds Momentum for a Potential 11% Rally

Based on this analysis and the views of investors like Jelle, Ethereum price is expected to break $3,000 again within a week, and then rise to $3,500 by the end of February.

And since Ethereum is the largest layer-one network by Total Value Locked (TVL), as well as leading the way in terms of asset tokenization, its long-term price predictions are very bullish.

ETH is expected to reach $4,000 in the second quarter, break $5,000 in the second half of the year, and even touch $6,500 in the fourth quarter. While all of this depends on macroeconomic conditions, if the situation is favorable, Ethereum has the potential to soar.

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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:

• CryptoNews. Ethereum Price Prediction: Sideways Now, But When This Breaks… ETH Could Go Straight to $5K. Accessed on January 28, 2026