Ethereum (ETH) is gaining traction once again, with some analysts forecasting a bold $9,000 target by early 2026. This surge in optimism stems from a mix of onchain strength, technical indicators, and a tightening supply picture that supports a strong bull case for the world’s second-largest cryptocurrency.
Ethereum’s Technical Setup Suggests More Upside
After gaining 50% in just two weeks, Ethereum recently reclaimed the $3,700 level. Yet, it still trades nearly 23% below its all-time high. Technical analysts believe the market may be preparing for its next major breakout.
One popular model, Elliott Wave analysis, suggests that ETH is currently in the third wave of a five-part bullish cycle. If this pattern holds, Ethereum could reach $9,000 by early 2026, assuming favorable macroeconomic conditions. This phase typically represents the strongest upward movement in the cycle.
Onchain Data: Supply is Tightening
The onchain fundamentals back up this bullish narrative. Over 34 million ETH is staked, removing nearly 28% of the total supply from circulation. This signals strong conviction from long-term holders and reduces selling pressure.
Additionally, exchange balances have dropped to their lowest level since 2016, currently sitting at just 16.2 million ETH. A decline in available supply on trading platforms tends to fuel upward momentum when demand increases.
New buyer inflows are accelerating, with a 16% rise in ETH held by first-time investors since early July.
Despite reduced gas fees, Ethereum’s network usage is near full capacity. This reflects not a drop in activity, but increased efficiency—especially due to the adoption of Layer 2 scaling solutions. While average fees are low in ETH terms, total gas usage remains elevated, confirming consistent demand for block space.
Spot Ether ETFs are also drawing attention. Over $4 billion in inflows were recorded in the past two weeks alone, indicating growing institutional interest.
Conclusion: Is $9,000 Realistic?
Ethereum’s bullish setup appears to be fundamentally supported, not just speculative. With tighter supply, rising demand, and strong technical patterns, the path to $9,000 is increasingly plausible—though it will require continued momentum and broader market support.
With nearly all ETH holders now in profit, but sentiment still below euphoric levels, the current rally may just be getting started.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookies list
Cookie name
Active
Privacy Policy
At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).
1. Data Controller
BitxJournal.com acts as the data controller for all personal data processed through this website.
2. Personal Data We Collect
We may collect and process the following categories of data:
Personal Data
Name and email address (when you subscribe to newsletters or contact us)
Technical & Usage Data
IP address, browser type, operating system
Device information
Pages visited, referral sources, and interaction data
This data is collected via cookies, log files, and analytics technologies.
3. Legal Basis for Processing
We process personal data only when a lawful basis exists, including:
Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)
Legitimate interest – to operate, secure, and improve our website
Legal obligation – when required by applicable laws
You may withdraw your consent at any time.
4. Purpose of Data Processing
Your data is processed for the following purposes:
Operating and maintaining the website
Improving content, usability, and performance
Sending newsletters or updates (only with consent)
Analyzing traffic and user behavior
Responding to inquiries or support requests
5. Cookies & Consent Management
We use cookies and similar technologies in compliance with EU Cookie Law.
Non-essential cookies are placed only after explicit user consent
Users may accept, reject, or manage cookie preferences at any time
Consent can be withdrawn without affecting prior lawful processing
Detailed cookie information is available in our Cookie Settings panel.
6. Third-Party Data Processing
We may share limited data with trusted third-party service providers, including:
Analytics providers (e.g., Google Analytics)
Advertising partners (for personalized or non-personalized ads)
These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.
7. International Data Transfers
Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.
8. Data Retention
We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Data Security
We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.
10. Your GDPR Rights
Under GDPR/AVG, you have the right to:
Access your personal data
Rectify inaccurate or incomplete data
Request data erasure (“right to be forgotten”)
Restrict or object to processing
Data portability
Withdraw consent at any time
Lodge a complaint with a supervisory authority
11. Changes to This Privacy Policy
We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.
12. Contact Information
For privacy-related inquiries or GDPR requests, contact:
