Analyst: ETH Could Rally to $4,100 After Short-Term Pullback

Jan 16 (Cointelegraph) — Futures market trends suggest Ethereum (ETH) could see another 10-25% upside. But before a sustained rebound takes hold, the market may first face a price dip driven by forced liquidations. Crypto analyst Pelin Ay notes a recurring structural pattern in ETH’s leverage dynamics: When Binance’s leverage ratio jumps above price levels, a brief lower wick forms to clear overleveraged long positions — followed by a sharp upward rebound. This pattern has played out multiple times in 2025 (notably February, April, September, November). A similar scenario unfolded in October too: A spike in the leverage ratio triggered a sudden sell-off, then the trend resumed. Currently, ETH’s leverage ratio sits around 0.60 — relatively high. Notably, the ratio hasn’t dropped despite recent price gains, signaling lingering market risk appetite. From current levels, a 25% rebound would push ETH above $4,100, but a mild pullback remains likely.