- MACD bullish crossover at $2,900 mirrors 2024 signal from $1,550 that delivered +217% surge to $4,950+.
- Primary target $4,811.71 breakout opens $8,557.68 path—173% upside from current $3,133 levels.
- Dencun upgrade + L2 scaling plus spot ETH ETF inflows provide fundamental backing for technical breakout.
The crypto analyst Javon Marks (@JavonTM1), Ethereum ($ETH) is displaying promising technical indicators that could signal the start of a significant upward trajectory. The chart, created on TradingView, highlights multiple MACD (Moving Average Convergence Divergence) bullish crossovers on the 3-day timeframe, suggesting a potential repeat of past explosive gains.
$4,811 Breakout Defines First Target
The MACD indicator, a key tool for identifying momentum shifts, has recorded a fresh bullish crossover near the $2,900 price level. Historically, a similar event occurred when ETH was trading around $1,550, leading to a staggering +217% surge that propelled prices beyond $4,950. Marks points out that this latest crossover could be the catalyst for ETH to reclaim key resistance levels, starting with a target of $4,811.71. A decisive break and hold above this threshold would open the door to an even loftier goal of $8,557.68.
Current market dynamics support this optimistic outlook. As of January 10, 2026, ETH is trading around $3,133, recovering from a recent dip that saw it test support levels amid broader crypto volatility. This comes amid growing adoption in the Web3 ecosystem, where Ethereum remains the backbone for decentralized applications (dApps), NFTs, and DeFi protocols. Recent upgrades like the Dencun update have enhanced scalability and reduced fees, attracting more developers and users. Institutional interest is also ramping up, with spot ETH ETFs continuing to draw inflows despite market fluctuations.
Dencun Upgrade Powers Fundamentals
However, risks remain. The crypto market is influenced by macroeconomic factors, including interest rate decisions and regulatory developments. A failure to break above $4,811 could lead to retesting lower supports around $2,500. Traders are advised to monitor volume and RSI for confirmation of sustained momentum.
Marks’ analysis aligns with broader sentiment in the crypto community, where many see Ethereum’s layer-2 solutions and upcoming innovations as drivers for long-term growth. If history repeats, this bullish setup could mark the beginning of ETH’s next parabolic run, potentially boosting the entire altcoin sector.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
