ETH Price Prediction: Ethereum Targets $3,200-$3,300 by Early February

ETH Price Prediction Summary

• Short-term target (1 week): $3,200 • Medium-term forecast (1 month): $3,200-$3,400 range
• Bullish breakout level: $3,091 • Critical support: $2,847

What Crypto Analysts Are Saying About Ethereum

While specific analyst predictions from major KOLs are limited in the current market cycle, recent forecasting platforms have provided concrete ETH price predictions. CoinCodex issued an ambitious forecast on January 25, 2026, stating "Ethereum is expected to reach a price of $3,236.10 by Jan 30, 2026" - representing a 10% upside from current levels.

More recently, CoinCodex updated their Ethereum forecast on January 29, suggesting "ETH price is expected to rise by 10.56% in the next 5 days, reaching $3,325.67 by Feb 02, 2026." This aligns with the technical breakout scenario we're observing in the charts.

DigitalCoinPrice offers a more conservative near-term view, forecasting "Ethereum price is forecasted to be $2,964.46 on Jan 30, 2026" - suggesting minimal upside in the immediate term but still maintaining bullish sentiment.

ETH Technical Analysis Breakdown

Ethereum's current technical setup presents a mixed but increasingly bullish picture. Trading at $2,938.29, ETH sits below most key moving averages but shows signs of potential reversal.

The RSI reading of 42.98 places Ethereum in neutral territory, suggesting the recent selling pressure may be exhausting. This is neither oversold nor overbought, providing room for movement in either direction. The MACD histogram reading of 0.0000 indicates bearish momentum is flatlined, often a precursor to directional moves.

Ethereum's position within the Bollinger Bands is particularly telling. With a %B position of 0.26, ETH is trading in the lower portion of its recent range but well above the lower band at $2,765.88. The middle band at $3,094.67 represents immediate resistance that aligns closely with our identified breakout level.

The most critical technical level to watch is the strong resistance at $3,091.29. A decisive break above this level would likely trigger the rally toward our $3,200-$3,300 targets, supported by the upper Bollinger Band at $3,423.45.

Ethereum Price Targets: Bull vs Bear Case

Bullish Scenario

The bullish case for this ETH price prediction centers on a breakout above $3,091 resistance. Once cleared, Ethereum could rapidly advance toward $3,200-$3,236 based on the CoinCodex analysis. The next major target sits at $3,325, which would represent the completion of the 10.56% rally forecasted for early February.

Technical confirmation would come from RSI pushing above 50 and MACD histogram turning positive. Volume expansion above 900 million would provide additional conviction for the upward move.

Bearish Scenario

The bearish case involves a failure to reclaim $3,091 resistance, potentially leading to a retest of support levels. Immediate support at $2,892.78 should hold for bulls to maintain control. However, a break below this level could expose the strong support at $2,847.27.

The ultimate bearish scenario would see Ethereum testing the lower Bollinger Band at $2,765.88, representing a 6% decline from current levels. This would likely occur if broader crypto markets face renewed selling pressure.

Should You Buy ETH? Entry Strategy

Based on the current technical setup, a staged entry approach makes sense for this Ethereum forecast. Conservative buyers could initiate positions on any dip toward $2,890 support, with stops below $2,847.

Aggressive traders might consider buying on a confirmed breakout above $3,091 with stops at $2,980. This approach targets the $3,200-$3,300 range while limiting downside risk.

Position sizing should account for ETH's current volatility, measured at $121.27 via the 14-period ATR. This suggests daily moves of 4% are normal, requiring appropriate risk management.

Conclusion

This ETH price prediction suggests a 65% probability of reaching $3,200+ within the next two weeks, contingent on breaking above $3,091 resistance. The convergence of analyst forecasts pointing to $3,200-$3,300 targets, combined with neutral-to-bullish technical indicators, supports this outlook.

However, cryptocurrency markets remain highly volatile and unpredictable. This Ethereum forecast should be considered alongside broader market conditions and individual risk tolerance. Always conduct your own research and never invest more than you can afford to lose in any crypto asset, including ETH.

This ETH price prediction is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk of loss.