Ethereum Analysts Predict Bullish 2026 Despite End-of-Year Decline

Ethereum's performance has been under scrutiny as it ends the year with a 27.8% decline from its Q4 opening at $4,145. Despite trading sideways between $2,800-$3,000, analysts suggest an optimistic outlook for early 2026.

Key Observations:

Ethereum is near the "equilibrium level" within a multi-year bullish channel, acting as a critical support/resistance area.
Crypto Batman views the current sideways movement as a bullish retest, expecting a higher low to form.
Cas Abbé highlights ETH's strong uptrend, maintaining its ascending trendline over eight months.
Trader Tardigrade notes an Inverse Head and Shoulders pattern developing since 2024, suggesting potential rise to $4,950-$5,000.
Man of Bitcoin identifies a symmetrical triangle formation, predicting a possible 15%-20% breakout to $3,400 in early 2026.

Currently, Ethereum trades at $2,977, showing a 1.2% weekly increase.

Ethereum, ETH, ETHUSDT