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

BlockBeats News, January 16th, according to Cointelegraph, the futures market trend indicates that ETH may have another 10% to 25% upside potential. However, before any sustained rebound forms, the market may first experience a price drop triggered by forced liquidation.

Crypto analyst Pelin Ay pointed out that there is a recurring structural pattern in Ethereum's leverage dynamics: when Binance's leverage ratio quickly rises above the price, a brief lower shadow appears, clearing overleveraged long positions, followed by a strong upward rebound. This pattern has occurred multiple times in 2025, especially in February, April, September, and November. A similar situation also occurred in October, when a sharp increase in the leverage ratio triggered a sudden sell-off, which was then followed by a continuation of the trend.

Currently, Ethereum's leverage ratio is around 0.60, which is relatively high. It is worth noting that despite the recent price increase, the leverage ratio has not decreased, indicating that market risk appetite still exists. From the current level, if a 25% rebound occurs, the ETH price will surpass $4,100, but the possibility of a slight pullback remains high.