On January 1, 2026, analyst Javon Marks (@JavonTM1) flagged a bullish MACD crossover on Ethereum (ETH)’s 3-day chart near $2,900, echoing a prior signal that drove a +217% rally from $1,550 to $4,950, per CoinCryptoNewz and Marks’ X post. The Moving Average Convergence Divergence (MACD) line crossing above the signal line suggests renewed uptrend momentum, with Marks targeting $4,811 initially and $8,557 longer-term—a potential 200%+ surge from current levels, per. As of January 2, 2026, ETH trades around $2,900, recovering from recent dips.
The MACD crossover, visualized on TradingView, aligns with higher lows and a break above key resistance. Past crossovers coincided with major ETH rallies, including the 2021 bull run, per. RSI at 58 avoids overbought territory, leaving room for growth, per CoinGlass. Post-Dencun upgrade efficiency and Layer 2 scaling (Arbitrum, Optimism) support fundamentals, with $167B DeFi TVL poised for expansion, per DefiLlama. X posts from @JavonTM1 emphasize the signal’s reliability.
While optimistic, false signals can occur in volatile conditions, influenced by macro factors like Fed rate decisions or geopolitical events. Bitcoin (BTC)’s dominance at 57.7% may cap altcoin gains short term, per. ETH faces resistance at $3,500; a break confirms the rally, while failure risks a drop to $2,500 support, per Techopedia. Institutional inflows ($3.7B ETF) and staking ETF speculation bolster sentiment.
Monitor MACD on TradingView and on-chain metrics via CryptoQuant. Dollar-cost average into ETH with stop-losses below $2,700, or diversify into USDC for stability, per. Follow @JavonTM1 on X for updates. ETH could reach $8,500 by late 2026 if the crossover holds, driven by DeFi and Layer 2 growth, per, but combine with RSI and volume for confirmation.
