this post Ethereum Price Prediction for 2026: Can ETH Reach $5,000 This Year? appeared first on Coinpedia FinTech News
Ethereum price It was one of the strongest performers among the top 10, having remained above the $2,000 level since March. However, the price fell by approximately 3.5% in the past 24 hours, underperforming the broader market amid macroeconomic-driven selling pressure. Despite this short-term weakness, the larger structure remains intact, with three key indicators pointing to a potential bullish shift that could push the price of ETH towards new highs.
Ethereum on-chain activity has risen to multi-year highs
After a long period of decline, on-chain transactions have rebounded sharply, reaching over 200 million in the first quarter of 2026. This represents one of the strongest recoveries in network activity in recent years, breaking the previous downward trend that lasted until 2022-2024. This is not just an uptick, it is a structural reversal in usage.
A higher number of transactions usually indicates increased demand on the network, whether through DeFi activity, user growth, or broader ecosystem engagement. More importantly, it indicates that the primary use is to catch the price, rather than the price moving based solely on speculation.
10% volatility haunts Ethereum price rise
The Ethereum liquidation map is starting to show a clear imbalance, which is not accurate. A large pool of short side liquidations is accumulating above the current price, while liquidity on the long side below has already been largely liquidated. This shift suggests that the market has already unloaded weaker long positions, leaving short positions exposed on the upside.
With the price moving near the $2,350 level, the path of least resistance appears to be slanted to the upside. If ETH starts to rise, it could trigger a series of short liquidations, effectively fueling a move towards higher levels. If the price of ETH rises by 10%, the token could face $800 million in short liquidations, while a 10% pullback could lead to $2.3 billion in long liquidations.
Ethereum Price Prediction: Can ETH Price Reach $5,000?
Ethereum’s upper time frame structure is starting to reflect a familiar cycle, and this is where things get interesting. Every major rally follows the same pattern: impulsion → consolidation → expansion. Right now, ETH appears to be sitting in this consolidation phase once again, settling within a range bound after its recent move higher.
The current structure between $2,000 and $4,000 roughly looks similar to previous accumulation areas that eventually led to strong bullish expansions. The price is compressing, volatility is calming, and the market is building a base rather than trending strongly. If this pattern continues, the next stage will be a breakout of this range, which could lead to a new expansion phase. The expected movement, based on previous sessions, indicates a gradual rise rather than a straight rise, with higher highs likely to form along the way.
Ethereum is not trending; She’s getting ready. Historically, this type of adjustment has preceded some of the strongest moves, not the weakest. As long as the price of ETH remains above the lower range (around $2,000), the structure will remain intact. A break below this level would invalidate the pattern and change the forecast.
