Ethereum (ETH) price has been shaky in the past month, but one analyst suggests that a pattern has emerged signalling a rally is imminent. The token is constantly trying to climb to high marks but is pushed by changing economic stances. Like BTC, ETH has shown signs of volatility and is looking to break out of its slump this year.

At press time, Ethereum is testing key support near the $3,020–$3,050 zone. Fortunately, a daily ascending triangle has emerged, suggesting a potential bullish breakout above $3,300. On the bullish side, the triangle measured move targets the $3,700 area if the $3,300 resistance is cleared.

Additionally, crypto analyst Javon Marks recently shared how he thinks Ethereum may ultimately score a big win soon. Marks shared how Ethereum’s RSI is showing a bullish change, which may help the token reclaim its lost value soon. “Prices of $ETH rallied an average of 123% after the highlighted RSI structure showed up,” the analyst said in a post to X. “With it showing up and unfolding again, this recent strength in Ethereum may only be the beginning of a huge rally, and altcoins can benefit significantly from this…”

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Furthermore, according to CoinCodex ETH statistics, the Ethereum token may ultimately reach a new high of $ 3,487 by the first week of February 2026. This would put it on the cuspt of breaking out towards the $3,700 range should the $3,300 lower hold. Beyond that, Marks even forecasts that if this RSI structure holds, the token may end up hitting $8500 in the long run. Ethereum’s MACD is showcasing a new bullish crossover, which usually portrays a bullish stance for the asset. “Look at what happened to $ETH every time this RSI structure presented itself, and it is FINISHING UP AGAIN. Last time this structure showed up, we saw Ethereum climb over 163%, and today, this pattern could initiate another >162% run to our next target above $8,500!”

Several catalysts could back these forecasted gains, including Rising institutional staking and treasury accumulation. According to Farside Investors, BlackRock’s Ethereum ETF purchased $102.9 million worth of ETH this past week. Increased ETF inflows could also play a part, as they are already trending up to start the year. Ethereum (ETH) may continue to rally over the coming weeks if market sentiment remains bullish.