FameEX Hot Topics | How High Can Ethereum Price Reach After Surpassing $4K?

Ethereum's price has surged significantly in recent weeks, and many analysts are now making a strong case for an ETH price rally toward $10,000 or even higher within the next six to eight months. Ethereum's price recently increased by around 24%, reaching above $4,330, the highest level seen since December 2021. The rally has sparked speculation that Ethereum could break its record of $4,950, with many experts eyeing this as the next target.

One analyst, Lord Hawkins, points out that Ethereum is showing signs of breaking out of its Wyckoff Accumulation pattern. For several months, the ETH/USD pair has been trading within a large accumulation range, absorbing selling pressure. According to Wyckoff’s theory, this phase typically ends with a breakout once buying momentum overwhelms the sellers. The breakout is already in progress, as Ethereum pushes above the $4,200 resistance level, entering a phase known as the “Sign of Strength” (SOS).

In the Wyckoff model, the SOS is usually followed by a brief pullback, referred to as the “Last Point of Support” (LPS). This pullback helps confirm the new uptrend. If the LPS holds, the price enters the markup phase, where the price starts to accelerate due to increasing demand. If Ethereum follows this path, technical analysis suggests a potential target near $6,000, based on the height of the accumulation range.

As of Sunday, Ethereum was breaking above the upper trendline of its multi-year symmetrical triangle, located between the $4,000 and $4,200 range. Analysts like Crypto Rover and Titan of Crypto suggest that the breakout could lead to a significant move toward $8,000 in the coming months, which represents a 90% increase from current levels. Historically, such long-term breakouts in Ethereum’s higher timeframes have led to strong rallies, especially when supported by increasing volume and favorable macroeconomic sentiment.

Looking ahead, some analysts predict Ethereum may be on track to reach $20,000 within the next six to eight months, drawing comparisons to past price movements. Analyst Nilesh Verma highlights a recurring pattern in which Ethereum rallies sharply after retesting a major support level. In the past, such retests led to parabolic price increases, with gains of over 8,000% in 2017 and 950% in 2020. If Ethereum’s price follows a similar trajectory, a rally could unfold through 2026, with a potential target of $10,000 in the minimum scenario and $20,000 in the best-case scenario. Analyst Merlijn The Trader also predicts Ethereum could hit $20,000, citing the cryptocurrency's long-term upward channel as a key indicator.

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