Next Stop Could Be $4.1k, But This Must Happen First 2026 Eth’s

An emerging ETH futures trend is predicting an Ether price rally to $4,100, but other data says the altcoin is overdue for a slight correction.

Ether (ETH) is trading near $3,300, and one futures market trend points to another 10% to 25% upside move. However, the market may first see a liquidation-driven price dip before any sustained rally develops.

Ether’s Leverage Ratio is near 0.60, a level that has historically preceded 10% to 25% rallies after short pullbacks.

The ETH SOPR remains below 1, indicating realized losses still outweigh profits despite recent price gains.

Crypto analyst Pelin Ay highlighted a recurring structure in Ether’s leverage dynamics. When the Leverage Ratio rises rapidly above price on Binance, it leads to short-lived downside wicks that flush overleveraged long positions, followed by strong upside reactions.

This pattern appeared multiple times in 2025, notably in February, April, September and November. A similar sequence occurred in October, when a sharp leverage spike triggered a sudden dump before the trend continuation.

Currently, the Leverage Ratio sits near 0.60, which is relatively elevated. Notably, the leverage is not declining despite recent price gains, signaling persistent risk appetite. Pullbacks at these leverage levels have preceded 10% to 25% rallies, implying Ether could still be positioning for a sharp upside move after a final liquidity sweep.

Meanwhile, Glassnode analyst Sean Rose noted a divergence in ETH holder behavior. Despite Ether outperforming Bitcoin from January lows, ETH’s spent-output profit ratio remains below 1, indicating that the aggregated losses outweigh profits. This suggests a weaker conviction among ETH spot holders compared to the BTC participants.

Related: Short squeeze hits top 500 cryptos as traders unwind bearish bets

Ether printed its highest daily close since Nov. 12, 2025, at $3,324. A 25% rally from here would place ETH above $4,100, but the probability of a minor dip remains elevated.

Source: CoinTelegraph