Is $10K ETH value on the table? Key Ethereum metrics hint at upward movement

Ether (ETH) It is down 14% from its 2026 high of $3,200 and 41% from its all-time high of $4,950 in August 2025. Despite this decline, traders are hopeful that the price of ETH will continue to rise until a key support level is restored.

Main Receptors:

Ether traders are very bullish on the $10,000 ETH price, despite an all-time high of 41% discount.

Wyckoff's method, cycle patterns and liquidity correlations converge on the $10,000–$15,000 ETH price target.

Record daily transactions, increasing daily active users and nine-year low transaction fees indicate high onchain speed.

ETH traders are seeing a price of $10,000-15,000.

Market analysts believe that a technical correction is underway to retest key support levels before the ETH price continues to rise.

Technical analysis using the Wyckoff method suggests a possible ETH price breakout above the $10,000 mark, crypto analyst Annie said.

Related: Bitmine's staked Ether holdings represent annual stake earnings of $164M

“The structure is complete, just waiting for one last hint,” the analyst wrote in a recent post on X.

“The market will shoot straight after launch. The price of $ETH is $10,000.”

Fellow analyst Bitcoinsensus shared a similar bullish outlook for ETH, suggesting that the $10,000 ETH price may still be on the table this cycle.

“Looking at the previous price performance, we see that Ethereum has undergone significant volatility,” the analyst wrote in a Jan. 1 post on X.

An accompanying chart showed that the ETH/USD pair had “diminishing returns” with each upswing.

“Using the same logic, we could see $ETH reaching between $10k and $15k.”

Crypto Caesar, meanwhile, hoped that Ether would hit the $10,000 mark “sooner or later” after breaking the $4,500-$5,000 monthly resistance.

“It's only a matter of time. Onchain season will be back.”

As Cointelegraph reports, a recurring pattern connecting global liquidity and the Russell 2000 index hints at a possible 226% ETH price divergence. Such a move from current levels would put Ether's price target at $9,500.

“ETH is behind Russell-2000 for the first time in years,” Coinvo Trading said on Monday's X-Post.

“Once ETH arrives, the altcoin phase begins.”

Ethereum transaction fees hit a 9-year low

Several onchain factors support Ether's rise, including high network activity and strong support.

Ethereum hit an all-time high of 2.78 million on January 15, seeing new users emerge in daily transactions.

This has seen the daily transaction count increase by almost 20% compared to the previous month. The number of daily active addresses has increased by 50% over the same period, indicating strong onchain demand.

Meanwhile, daily transaction fees have fallen sharply over the past 30 days, hitting an eight-year low below 150 ETH ($435,000) on Tuesday, according to data from Glassnode.

Low transaction fees increase Ethereum's profitability and competitiveness with competing Layer-1 chains, thus driving long-term price growth, attracting more users.

“Ethereum tx fees are currently at an all-time low, but smart contracts have hit record highs,” Cypher said in a recent X analysis.

Such combinations are often deployed when developers are active, Cypher explains.

“One of the most troubling backdrops for $ETH right now is quiet.”

🚨 Now: Ethereum Transaction Fees Hit All-Time Lows While Contract Deals Hit Token Terminal Highs. pic.twitter.com/Dc853JT19r

— Cointelegraph (@Cointelegraph) January 23, 2026