ETH to the Moon? (Maybe…)

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Right then, listen up! This Ethereum, see, it’s been poking its nose above the $3,000 mark, which has got a bunch of nosey parkers – we call ‘em analysts – all in a fluster. They’re saying it’s doing the same silly dance it did back in 2017, when it zoomed from a measly $56 to over $1,100. Can you believe it? Absolute madness!

A Very Familiar Patter, Indeed

This chap, Leshka.eth (sounds like a sneeze, doesn’t it?), has been peering at charts – a perfectly ghastly way to spend one’s time, if you ask me – and he reckons the current ETH/BTC thingamajig is a dead ringer for the 2015-2018 period. Apparently, it goes up, it goes down, it does a little jig, and then… UP AGAIN! The cheek of it.

“$ETH WILL 3X-4X IN THE NEXT 6 MONTHS.”

He even says he can barely believe his own eyes. But the chart, naturally, is “screaming” about it. Honestly, these charts… always showing off. Still, Leshka, being a cautious sort (unlike some people we know), also admits to being “still generally bearish”. Which means he wouldn’t bet his best gobstopper on it.

Now, Ethereum is wobbling about at around $3,000, having gained a teeny-weeny 4% in the last 24 hours. If it manages to stay above $3,000 (a big IF, mind you), the traders are hoping for a dash to $3,200. But if it flops, well, your gains might vanish quicker than a chocolate biscuit at a children’s party.

ETH/BTC and its Little Sprout

A fellow named Michaël van de Poppe (fancy name) says Ethereum has bounced back after a bit of a tumble against Bitcoin. Apparently, it’s “reclaiming the losses” and clinging onto a “crucial level of support.” Sounds exhausting.

“It’s almost entirely reclaiming the losses of last week… it’s holding a crucial level of support,” he said.

It nearly fell off the edge, see, but managed to scramble back on. Good for it.

But here’s a pickle! It’s still 32% down from its October high, but the futures market is all fizzing with excitement. This Ted bloke (who sounds a bit of a scamp) says:

Ethereum Open Interest has fully recovered from the October 10th crash.

Meanwhile, $ETH price is still down 32%.

Classic crypto degens.

– Ted (@TedPillows) January 28, 2026

Which, as far as I can gather, means everyone is getting terribly excited about something that hasn’t actually happened yet. What a peculiar bunch!

Pocketful of Wallets & Fickle ETFs

Apparently, there are now over 175 million Ethereum wallets! More wallets than you can shake a stick at. But, and there’s always a ‘but’, the spot ETH ETFs saw a net outflow of $63.53 million. Meaning people are taking their money out. Fickle, fickle people!

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2026-01-29 07:44