FameEX Hot Topics | How Far Can Ethereum Price Climb Now That It’s Over $4K?

Ethereum’s recent price surge has sparked increasing optimism, with analysts predicting that ETH could soar toward $10,000 or even $20,000 within the next six to eight months. Ethereum has gained roughly 24% this week, breaking above $4,330, marking its highest price point since December 2021. This rally has prompted speculation that Ethereum may soon surpass its all-time high of $4,950, with many analysts forecasting further gains in the coming months.

Lord Hawkins, an analyst, suggests that Ethereum is on the verge of breaking out of its Wyckoff Accumulation pattern, which has kept the ETH/USD pair trading within a large range for several months. The Wyckoff theory asserts that such accumulation phases usually culminate in a strong breakout once buyers overpower the selling pressure. Ethereum’s recent push above the $4,200 resistance zone signals the beginning of a “Sign of Strength” (SOS), which, according to Wyckoff’s model, typically leads to a brief pullback, known as the “Last Point of Support” (LPS), before the price enters the markup phase.

If the LPS holds, Ethereum’s price could enter an accelerated uptrend as demand outpaces supply, potentially pushing ETH’s price toward a technical target near $6,000. As of Sunday, Ethereum was breaking above the upper trendline of its multi-year symmetrical triangle, a technical indicator that has proven significant in past price movements. Analysts Crypto Rover and Titan of Crypto suggest that this breakout could lead to Ethereum reaching the $8,000 level in the near future, representing a 90% increase from current price levels.

Historically, long-term breakouts on Ethereum’s higher timeframes have often preceded significant rallies. In April 2020, Ethereum surged more than 950% after breaking out of a symmetrical triangle, driven by bullish sentiment. Now, with the price trajectory following a similar pattern, some analysts predict Ethereum could see another parabolic rally, potentially reaching $20,000 by mid-2026. Analyst Nilesh Verma points to Ethereum’s repeated “bottom retests” as a crucial indicator of upcoming price surges, with gains of over 8,000% in 2017 and 950% in 2020. The current market conditions, combined with increasing institutional interest, suggest that Ethereum could continue to gain traction, paving the way for a sustained upward trend.

Ethereum’s long-term outlook remains highly bullish, with analysts like Merlijn The Trader forecasting a target of $20,000 based on Ethereum’s established multiyear upward channel. If the cryptocurrency follows past price fractals and continues to gain momentum, Ethereum’s price could continue its ascent, creating new highs and attracting more institutional and retail interest in the process. With strong market sentiment and technical indicators supporting this forecast, Ethereum’s price may reach new all-time highs within the next year, making it one of the most closely watched assets in the crypto space.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.