Quick Breakdown
- Bloomberg Intelligence warns Ethereum is more likely to test $2,000 than break decisively above $4,000 amid macro volatility.
- Bullish analysts argue current consolidation mirrors long-term accumulation phases seen before major rallies.
- Ethereum leadership is focused on long-term resilience, with new initiatives targeting self-sovereignty and quantum-resistant security.
Ethereum may be more likely to revisit the $2,000 price level than reclaim highs above $4,000, according to Bloomberg Intelligence Senior Commodity Strategist Mike McGlone.
In a recent post on X, McGlone noted that Ether has traded within a broad $2,000–$4,000 range since 2023, but weakening momentum and rising macroeconomic risks appear to be tilting price action toward the lower end of that range.
Ether appears to be heading toward the lower end of its $2,000-$4,000 range since 2023. I see greater risks of it staying below $2,000 than above $4,000, especially when stock market volatility rebounds. pic.twitter.com/1IAMV10Jwe
— Mike McGlone (@mikemcglone11) January 25, 2026
He warned that renewed volatility in global equity markets could further pressure Ethereum, increasing the probability that it remains below $2,000 rather than staging a sustained breakout above $4,000. A chart shared alongside his comments showed repeated rejections near resistance and frequent tests of support close to the $2,000 mark.
Bullish analysts and Ethereum leaders see long-term strength
McGlone’s cautious outlook contrasts with a more optimistic view from some crypto market observers. Popular analyst BullifyX recently likened Ethereum’s long-term structure to gold, suggesting the asset is in an extended accumulation phase.
According to BullifyX, Ethereum’s compressed price action and gradual formation of higher lows point to quiet positioning rather than weakening demand, a setup that has historically preceded major rallies in traditional markets.
Meanwhile, Ethereum co-founder Vitalik Buterin has shifted focus beyond short-term price movements. In a recent post, he described 2026 as a pivotal year for restoring self-sovereignty and trustlessness across the network, arguing that earlier trade-offs made for adoption no longer need to shape Ethereum’s future.
“2026 is the year that we take back lost ground in terms of self-sovereignty and trustlessness,”
Buterin said in an X post.
Alongside these narratives, the Ethereum Foundation has made quantum-resistant security a strategic priority. The foundation recently formed a dedicated Post-Quantum team, committing $2 million toward research, testing, and ecosystem coordination to prepare Ethereum for future cryptographic threats. The foundation’s plan includes research, development, and ecosystem coordination.
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