According to a recent technical analysis, Ethereum has the potential to reach $3,500 in the upcoming weeks. This forecast is based on current market conditions and technical signals. The digital asset has maintained robust support levels between $2,800 and $3,000, which analysts view as critical for its price trajectory.
After enduring a prolonged period of selling pressure throughout 2025, ETH has begun to show signs of recovery. Despite trading over 37% below its all-time high, the recent price action suggests a gradual weakening of the bearish trend. The sustained price levels in key regions have led experts to believe that the corrective phase may be nearing its conclusion.
Market analyst Tryrex notes that Ethereum has been consistently respecting a vital liquidity zone situated between $2,800 and $3,000. This range has served as a steady support, absorbing selling pressure while indicating persistent buying interest. Such market dynamics create a foundational base for a more aggressive upward movement in the near term.
While Bitcoin found its bottom in 2025 and entered a consolidation phase, Ethereum has shown relative strength by defending its liquidity region. This behavior reinforces the notion that investors are accumulating ETH in these price ranges rather than distributing it.
Weekly chart analysis indicates that this same price range aligns with a significant demand zone. The price has repeatedly maintained itself above this level, and the selling volume has declined compared to earlier correction phases. This pattern suggests diminished seller aggression and an improvement in the balance between supply and demand.
Currently trading above $3,000, a rise to $3,500 would represent a gain of over 13%. Tryrex believes this target is achievable if buying momentum continues to strengthen and the asset can break through intermediate resistance levels without a significant increase in supply.
The projection for Ethereum to reach $3,500 also reflects a broader context within the altcoin market. Numerous significant assets are displaying signs of bottom formation after extended downturns, which could facilitate more coordinated upward movements if overall market sentiment shifts positively. In this scenario, Ethereum stands out due to its comparatively solid technical structure, positioning it as a leading candidate to spearhead a potential cryptocurrency market recovery in early 2026.
