Ethereum Price Prediction: Network Growth Supports $4,800 Target

TLDR

• ETH holds a long-term bullish structure with higher lows on the monthly chart.
• Rising Ethereum transaction activity signals strengthening network fundamentals.
• On-chain growth supports valuation and cushions price during consolidation.
• Reclaiming key resistance is needed to open the path toward the $4,800 target.

Ethereum(ETH) continues to show signs of structural resilience as long-term technical patterns and on-chain data converge. Analysts pointed to a sustained bullish framework on higher timeframes, supported by accelerating network activity and controlled price consolidation. These factors keep the focus on higher resistance levels, including the $4,800 zone, despite short-term challenges.

Ethereum Price Holds Bullish Structure on Monthly Chart

According to analyst Trader Tardigrade, the monthly chart indicates that Ethereum price remains firmly within a long-term bullish trend. Price action continues to form higher lows along a rising trendline, reflecting consistent demand across multiple market cycles. Each corrective phase has resolved higher, reinforcing the broader uptrend despite periods of volatility.

In addition, the analyst highlighted recurring rounded accumulation patterns. These formations typically develop during extended consolidations, where long-term participants gradually absorb supply. Historically, similar structures on Ethereum price have preceded strong upside expansions rather than marking distribution tops.

From a structural perspective, ETH price remains above long-term support, preserving bullish integrity on the highest timeframe. As long as monthly closes respect the ascending trendline, the chart supports the view that Ethereum price remains in a primary uptrend. This framework leaves room for continuation toward prior all-time highs if momentum rebuilds.

Network Activity Strengthens Ethereum Price Fundamentals

In the meantime, according to analyst CyrilXBT, Ethereum’s on-chain activity is accelerating sharply. Daily transaction counts have climbed to multi-year highs, signaling rising demand for block space. Historically, sustained increases in transactions have aligned with periods of structural price strength.

Unlike short-lived spikes seen during speculative phases, the current rise reflects a more persistent trend. This suggests organic usage growth rather than activity driven solely by rapid price movement. Increased interaction across decentralized applications and protocols appears to be contributing to the expansion.

Moreover, higher transaction volumes support Ethereum’s fundamental valuation by increasing fee generation and reinforcing network utility. These dynamics strengthen the foundation beneath Ethereum price, providing support during consolidation phases. The data imply that on-chain participation is building alongside long-term market confidence.

Ethereum Price Stalls Below Intermediate Resistance

However, short-term technicals show that Ethereum continues to face resistance, according to analyst EliZ. The ETH against USD daily chart highlights repeated rejections near the $3,404 resistance level, where sellers have consistently stepped in. This zone has become a key decision area for near-term direction.

Price has rolled over after each rejection, forming lower highs within the resistance range. This pattern indicates that bullish momentum has yet to regain control at higher levels. The inability to reclaim resistance suggests caution among buyers in the current environment.

Two months ago, I already gave you a macro map.

And it was the perfect line to follow.

Rejected several times in our intermediate resistance at 0.75. $ETH https://t.co/cYXP0YUMYC pic.twitter.com/qx2iutfCBp

— EliZ (@eliz883) January 25, 2026

Nevertheless, downside movement remains orderly. Price continues to hold above major demand zones, signaling consolidation rather than breakdown. As EliZ noted, a decisive reclaim of the resistance would be required to unlock continuation. Until then, Ethereum price remains range-bound in the intermediate term, balancing strong long-term structure against near-term supply pressure.