Several analysts and on-chain experts see signs of a potential bottom forming for Ethereum and discuss prospects for 2026. Michael van de Poppe believes the upcoming year could revive the altcoin market and points to a connection between movements in the Chinese currency and the ETH to BTC ratio. The ETH/BTC metric reached a low in April and previously recorded similar lows in 2016 and 2019; analysts consider this in the context of a possible market turnaround.
Analysts' Forecasts for 2026
Michael van de Poppe expects a resurgence in the altcoin segment in 2026 and notes that the ETH/BTC ratio is closely linked to the dynamics of the Chinese currency. In his view, the observed lows in the ETH/BTC metric (including the April low and previous ones in 2016 and 2019) serve as important reference points when analyzing market sentiment. However, different analysts interpret these signals differently, so it’s advisable to consider multiple indicators simultaneously rather than relying on a single metric.
Institutional Investor Activity
On-chain analysis by the specialist known as CW8900 demonstrates that institutional players are actively accumulating Ethereum despite the price decline. Analysts note that this accumulation occurs even when ETH’s price drops to the average entry price of these investors — the realized price — indicating a sustained position build-up. For additional context on institutional flows, you can refer to the article on institutional investments and demand for Ether.
Ethereum Reversal Chart Patterns
Several market participants point to classic chart patterns that typically precede reversals. Analyst AlexGFU stated that ETH is forming a “triple bottom” — a pattern historically followed by significant price increases. This view is supported by Rekt Fencer, who noted that the current ETH level historically coincides with zones where long-term lows have formed.
Why This Matters
For miners in Russia with any number of devices (from one to a thousand), these insights are important primarily from the perspective of market conditions and liquidity. The presence of institutional accumulation and signs of a bottom forming can reduce short-term uncertainty and ease downward pressure on price, though this does not eliminate market volatility. Additionally, the ETH/BTC connection to macro currency movements highlights that price is influenced by external financial factors, not just local mining metrics.
What to Do?
Brief and practical recommendations for miners — what can be done right now considering the discussed factors:
- Check your average entry price and compare it with the current realized price to understand potential selling pressure levels.
- Monitor on-chain indicators and institutional accumulation, as they can affect market liquidity and depth.
- Optimize electricity and equipment maintenance costs — this will reduce vulnerability to short-term price dips.
- Keep part of your revenue in reserve to handle sharp downturns without worsening the situation by selling at unfavorable times.
- If you need more detailed analytics on forecasts and different viewpoints, it’s useful to consult reviews and analysis on the ETH price forecast, where conflicting assessments are discussed.
Brief Note on Risks
Even with signs of accumulation and bottom formations, the market remains volatile, and no model guarantees outcomes. Risk management and controlling operational costs remain key components of stable mining operations, regardless of analysts’ forecasts.