Coinspeaker
Jan 21, 2026
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Ethereum Eyes $4,000 as On-Chain Activity and ETF Demand Surge

Ethereum Resistance and Potential Rally

  • The $3,400 resistance level remains a significant barrier for Ethereum, with multiple rejections observed.
  • Analyst Ali Martinez suggests Ethereum might rally soon due to increased on-chain activity.
  • A crucial step for a bullish breakout would be reclaiming the $3,000 mark.

On-Chain Activity and ETF Demand

  • Network activity surged in early January, with daily active addresses exceeding 800,000.
  • Spot Ethereum ETFs have accumulated approximately 158,545 ETH, valued at around $520 million.
  • This accumulation reduces sell pressure, stabilizing price dips.

ETH Price Analysis

  • Ethereum needs to maintain weekly closes above $2,800 to keep bullish momentum.
  • Strong demand exists between $2,772 and $3,109, absorbing several pullbacks.
  • If ETH closes above $3,400, it could move towards $4,000, with long-term targets of $14,000–$15,000.
  • Failure to break $3,400 and holding $2,800 could shift momentum to bears, with $2,100 as major support.

Ethereum Price Chart

Additional Context

  • Interest in ETH-based projects like Maxi Doge ($MAXI) is rising with the resumed demand for Ethereum.
  • The $MAXI presale has raised approximately $4.5 million, indicating strong interest from investors.