Ethereum Price Prediction: Historical Trend Favors $9,000 Target for ETH

 

From a low of $1,400 back in April to a new all-time high just a few months after, Ethereum (ETH) has had such a chaotic year that it seems hard to predict where the top altcoin will be heading next.

In the past week, ETH has booked a 3.5% loss as the market “sold the news” after the Federal Reserve lowered interest rates for a third time this year.

Investors continue to be spooked, no matter what kind of news they hear. Bad news, they dump. Good news, they dump too.

This is the typical extreme behavior that is often considered a contrarian signal by the smart money, as bulls have capitulated, “cryptos are done” headlines start to resurface, and capital rotates out of risky tokens and into stablecoins.

Crypto’s Fear and Greed Index – Source: CoinMarketCap

The Fear and Greed Index hit a record low of 11 just a few weeks ago, millions are being withdrawn from exchange-traded funds (ETFs) linked to ETH, and some shining stars from early in the year have shed most of their gains already.

Ethereum Weekly Chart Shows Key Level to Watch for A Reversal

For those who have been around for long enough, we know that this is nothing new. Great returns are typically produced when “there’s blood in the streets” and this is the closest we have gotten to that since April this year.

In the lower time frames, the charts look far from pretty. However, by zooming out and getting rid of the noise, we can see that a massive buy signal is about to pop up in Ethereum’s weekly chart.

ETH/USD Weekly Chart (Binance) – Source: TradingView

Looking at this higher time frame, a long-dated trend line from December 2018 seems to be the key support to watch if the current downtrend continues.

The first thing to notice is that this trend line is built based on oversold readings in the Relative Strength Index (RSI). This allows us to identify the market’s pain points and biggest drawdowns. These are the “blood in the streets” moments I referred to earlier.

We can see at least two previous instances when this trend line held quite well, the last one, and most relevant of all from a technical standpoint, being ETH’s April low of $1,400. Back then, the price bottomed and quickly recovered, until hitting $4,957 shortly afterward.

Ethereum (ETH) to $9,000 in 2026?

Historically, every bounce off this trend line support has resulted in big gains for ETH, averaging around 340%. Meanwhile, another potential buy opportunity is when the RSI hits 30, at which point the price has always reacted strongly with a dramatic reversal.

At the time of writing, ETH is around 33% away from its trend line support, meaning that there’s still some big downside risk to consider. It is not the best time to buy now, based on these historical trends.

Moreover, the weekly RSI currently sits at 42. Again, there’s still some room for further drops, negative headlines, and FUD.

Now, once the price hits this trend line support, or the RSI hits 30, whichever happens first, we could expect a sizable movement in the opposite direction that, if historical trends repeat, could deliver gains exceeding 300%. This means a potential target of $9,000 for 2026.

Whether you believe this is possible or not, the evidence is there that Ethereum has done it in the past. Will history repeat?