Triple bullish signals after ETH breaks through 3150: on-chain whales, capital flow, and analyst predictions are all confirming

Based on the latest market data, ETH broke through 3150 USDT on January 4, 2026, with the current price at 3152.28 USDT. This breakout is not an isolated technical event but is supported by multiple market signals behind the scenes. From large on-chain whale transfers, capital inflows, to analyst forecasts, the market is responding with concrete actions to a key question: Can ETH’s upward trend continue?

Market Consensus Behind the Technical Breakout

Although ETH’s breakthrough at 3150 USDT appears to be a slight upward move, it carries significant meaning when viewed over a longer time frame. Data shows ETH has risen 6.05% over the past 7 days, a steady increase in the crypto market. More importantly, this rise is accompanied by a shift in market sentiment.

Currently, ETH’s market cap is $37.731 billion, accounting for 12.21% of the total crypto market cap. As the second-largest global crypto asset, this position indicates growing market recognition of Ethereum’s fundamentals.

Three Bullish Signals at Different Levels

On-Chain Whale Activity

According to on-chain monitoring data, a whale recently transferred 24,544 ETH to the Beacon Chain deposit contract, worth approximately $76.36 million. This move is crucial because transferring into staking contracts usually signals long-term confidence from large holders. Staking is not a short-term trade but a vote on the long-term value of the asset. Such transfers are common in bullish phases, reflecting institutional and whale confidence.

Capital Flows Confirm Upward Trend

Fund flow data shows that Ethereum spot ETF experienced a net inflow of $174 million on January 3. Although Grayscale’s ETHE has a total net outflow of $4.996 billion historically, recent inflows suggest market sentiment is recovering. Even more striking is the futures market, where ETH futures capital surged by 2523.54% within an hour, indicating traders are actively building positions rather than chasing panic.

Analyst Predictions Point to Higher Targets

Market consensus on ETH’s price in 2026 is generally optimistic. According to recent summaries, analysts’ target price ranges between $5,000 and $20,000. While this range is broad, the commonality is a significant upward trajectory. One analysis provides specific Fibonacci-based resistance levels: ETH may encounter resistance at $5,766 (50% retracement), $6,658 (618 Fibonacci level), and even $9,547 (100% retracement).

Complete Market Picture

The decline in trading volume warrants attention, as it may indicate weakening upward momentum or market waiting for clearer direction.

Key Points to Watch

There are several aspects in the current market worth ongoing attention:

First, whether ETH can hold above 3150. Maintaining this level could establish a new support, paving the way for further gains.

Second, the stability of on-chain activity. Data indicates Ethereum’s record daily transaction volume reached 2.23 million transactions, demonstrating increased network usage, which supports the fundamental basis for price appreciation.

Third, the sustainability of capital flows. Although futures inflows surged, declining volume suggests we need to observe whether this enthusiasm can be maintained.

Summary

ETH’s breakthrough above 3150 USDT is not just a technical milestone but also reflects a triple market consensus: large holders optimistic about long-term prospects (staking transfers), institutional investors positioning (ETF inflows), and traders building positions (futures capital surge). While we cannot confirm whether the analyst targets of $5K-$20K will be achieved, current market signals indeed point to the possibility of continued upward movement. The key is whether ETH can break through and stabilize, while on-chain activity maintains its growth momentum. In the coming weeks, the stability of the 3150 level and subsequent breakout directions will be crucial indicators for ETH’s future trend.