Ethereum price prediction: Overbought run or continued climb? ETH gains 6.45%

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Ethereum surges 6.45% to $3,329.99 today

Highlights

The SEC's July 2024 approval of spot Ethereum ETFs drove renewed net inflows, underscoring rising institutional investor interest in Ethereum.
Ethereum saw record new wallet creation after the December 2025 Fusaka update, which improved data handling and lowered layer-2 costs.
Network upgrades including Dencun increased scalability and reduced transaction fees, supporting further Ethereum ecosystem growth.

Investor inflows rise as ETF approval and upgrades drive adoption

Institutional access to Ethereum received a boost with the SEC's July 2024 approval of spot Ethereum ETFs, leading to renewed net inflows into these funds and highlighting increased investor interest. The network also achieved record new wallet creation following the December 2025 Fusaka update, which improved data handling and reduced costs for layer-2 solutions. Additional network growth was supported by upgrades such as Dencun that enhanced scalability and lowered transaction fees.

Overbought oscillators warn as buyers dominate amid mixed momentum

Momentum conditions are mixed: the MACD is positive and suggests upward pressure, but the ADX at 18.74 points to weak trend strength. RSI at 64.85 leans bullish but is not extreme, while the Stochastic RSI and CCI are both overbought, warning of a stretched market. Bull/Bear Power remains strongly positive, indicating buyers are dominating intraday moves. The Awesome Oscillator is neutral and does not add conviction to the trend. The price leapt higher at the open, creating a notable gap from the previous close ($3,128.08 to $3,331.26), and is consolidating just below today’s high in a relatively tight range, signaling persistent strength and moderate volatility with a clear upside tone after the open. However, overbought oscillators diverge from positive momentum, suggesting the rally may soon lose pace unless reinforced by fresh buying.

Sideways trading likely as overbought signals limit further gains

Looking to the next five trading days, the expected price range is $3,200 to $3,450, keeping price action close to current levels within a typical volatility band relative to current levels. The probability of further price increases is very low (less than 20%), making a pullback more likely given overbought intraday and daily signals. In the baseline scenario, ETH trades sideways within this corridor, digesting gains. The bullish scenario would see a move above resistance at $3,350–$3,400, opening the way toward the $3,500 mark, while a bearish move beneath support at $3,200 could target $3,100–$3,075.

Anton Kharitonov, expert at Traders Union, sees Ethereum's short and medium-term signals as constructive, but notes longer-term resistance remains. He highlights the recent approval of spot Ethereum ETFs and network upgrades as positive, yet views trend momentum as weak with key oscillators stretched. Kharitonov believes a sideways consolidation scenario is most likely while the upside remains capped at $3,450. 'Given overbought signals and limited momentum, I remain cautious and expect ETH to pull back toward support unless new buyers step in above $3,400.'

Last time, analysts noted that Ethereum remains range-bound and corrective, consolidating above key support but still trading below its major moving averages, with momentum indicators signaling neutrality rather than a clear trend. Immediate resistance aligns with compressed 50- 100- and 200-day EMAs above, while bulls continue to defend the $3,000 zone, suggesting stabilization but not yet a sustained recovery.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.