Ethereum (ETH) is trading around $2,850 after a failed attempt to reclaim the $3,000 level. The asset is down almost 5% over the past 24 hours and nearly 4% over the last week.<\/p>\n
Analyst Heisenberg shared a chart that compares the current ETH move to a similar setup seen in 2024. Back then, it fell 47%, moved sideways for about 92 days, and then rallied 47%\u2014topping near $4,000. The current chart shows the same 47% drop, followed by a 33% bounce, and now entering another period of consolidation.<\/p>\n
Heisenberg said the base could last until February 21, 2026, if it follows the same timeline. A similar move would put $4,000 back in focus. RSI is also starting to strengthen, matching conditions seen ahead of the 2024 rally.<\/p>\n
$ETH<\/a> Tossing the Ethereum bulls a de ja vu bone here.<\/p>\n I mean why not? For fun. Could work. Might not. But we gotta try.<\/p>\n See you back at $4,000. pic.twitter.com\/OSn3dCiNvE<\/a><\/p>\n \u2014 Heisenberg (@Mr_Derivatives) January 29, 2026<\/a><\/p>\n\n Moreover, another chart, shared by Sykodelic, indicates a potential cup-and-handle formation on the monthly timeframe. This pattern began forming after the 2021 peak and has developed over the last four years. Ethereum is now in what looks like the handle phase of the structure.<\/p>\n Sykodelic sees<\/a> $10,000 as a reasonable minimum target. That would be about twice ETH\u2019s all-time high of around $4,950. \u201cIt makes me laugh when people scoff at a $10K target,<\/em>\u201d they said, noting that it\u2019s only a 2x move from the previous top. The setup suggests a long-term breakout may be building if the price clears previous highs.<\/p>\n Another setup shared by Dami-Defi shows ETH forming a falling wedge on the 3-day chart. This pattern often leads to an upward breakout when it forms after a decline. ETH is currently near the top of the wedge and approaching a key decision point.<\/p>\n Indicators are starting to shift. RSI is moving up from 43, and MACD is flattening out. Both suggest momentum could be changing. \u201cWe\u2019re near that breakout point,<\/em>\u201d Dami-Defi said, adding that traders are waiting for a confirmed move above the wedge to trigger potential upside toward the $3,900\u2013$4,300 range.<\/p>\n We\u2019re seeing is $ETH<\/a> forming a wedge on the 3D<\/p>\n Right now, we\u2019re near that breakout point, so we\u2019re watching for a decisive move above or below the wedge.<\/p>\n If we break above that upper trendline and hold, you\u2019re looking at a potential upside pic.twitter.com\/U39LzqGOIM<\/a><\/p>\n \u2014 Dami-Defi (@DamiDefi) January 29, 2026<\/a><\/p>\n\n Despite recent price volatility, Ethereum\u2019s network growth continues. As CryptoPotato<\/em> reported<\/a> yesterday, the number of non-empty ETH wallets has surpassed 175.5 million, the highest among all cryptocurrencies. Over 5.1 million wallets were added in 2026 alone, showing steady user participation.<\/p>\n The post Ethereum (ETH) Charts Signal D\u00e9j\u00e0 Vu as Bulls Eye $10K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum (ETH) is trading around $2,850 after a failed attempt to reclaim the $3,000 level. The asset is down almost 5% over the past 24 hours and nearly 4% over the last week. ETH Mirrors 2024 Structure, $4K in Sight? Analyst Heisenberg shared a chart that compares the current ETH move to a similar setup […]<\/p>\n","protected":false},"author":0,"featured_media":131027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131026"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131026"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/131027"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Wedge Formation Could Push Price Higher<\/h2>\n