• Ethereum value rises as bulls give attention to $3,500 amid widespread cryptocurrency rally.
• Stablecoin switch quantity on the Ethereum community has reached $8 trillion.
• The bulls might purpose for a pointy rally to $4,000-$4,500, however the bears stay cautious.

Ethereum token costs are hovering within the inexperienced as optimism throughout the crypto market pushes Bitcoin to $93,000. Cryptocurrencies that rose additionally included AI tokens.

On the time of writing, ETH is valued at $3,171, with analysts pointing to the opportunity of it exceeding $3,500.

Unprecedented stablecoin switch volumes on prime altcoin networks and total danger market tendencies have the chances favoring the bulls.

Nonetheless, merchants additionally centered on a $63 million brief place by a big whale, largely indicative of how giant buyers view the asset’s near-term trajectory.

Ethereum value retests $3,200 resistance stage

Ethereum value rose to a excessive of $3,211 early Monday.

This marks a notable rally with bulls reclaiming that stage after falling to a low of $2,700 in mid-December 2025.

The token didn’t rise above $3,000 after rising to almost $3,400 earlier within the month.

Nonetheless, ETH has risen from help ranges round $3,100 as prime altcoins be part of Bitcoin in a market-wide rally.

The Bulls dominated, with each day quantity surging 40% to greater than $17 billion.

Ethereum’s value rise coincided with an increase in shares, with the market rallying in response to information about US operations in Venezuela.

QCP Group analysts mentioned in a word to buyers.

“After a range-bound December, cryptocurrencies rallied in early Asia, with BTC$ and ETH clearing $92,000 and $3,100. This transfer coincided with rising inventory costs and falling oil costs within the wake of the US operation that led to the seize of Venezuelan Nicolas Maduro.”

Ether can also be benefiting as networks be aware of the momentum as stablecoin switch volumes improve to file ranges.

Token Terminal knowledge exhibits that the Ethereum community has achieved a historic milestone, with stablecoin switch quantity exceeding $8 trillion in This autumn 2025.

This file excessive is sort of double the quantity recorded earlier this 12 months and highlights Ethereum’s dominance as a hub for stablecoin transactions.

This progress was pushed by means of real-world funds somewhat than speculative buying and selling.

Bulls are concentrating on $3,500, however what do analysts say?

QCP Group mentioned the efficiency of cryptocurrencies over the previous week has proven “consistency with broader danger belongings.”

This might point out a change in sentiment, which may result in a extra bullish view.

2/ The collaboration between cryptocurrencies and a broader vary of danger belongings seems to be extra like a change of presidency at first of the 12 months than only a coincidence, because the year-end deficit assortment was sluggish and coverage selectivity was as soon as once more within the highlight.

— QCP (@QCPgroup) January 5, 2026

From a technical perspective, the bulls can rally in direction of $3,500.

If the worth breaks above this stage, the following goal may very well be above $4,000.

Nonetheless, this short-term outlook may embrace a pointy reversal, placing stress on the upside and threatening profit-taking.

As talked about earlier, a big whale has taken a $63 million brief place with a liquidation threshold of $4,545.

Weak spot may sign a pullback to $3,000, particularly if Bitcoin underperforms and fails to develop earnings.

If BTC falls under $90,000, it will likely be dangerous information for bulls.