⚡ ETH Eyes Moonshot — Will This Breakout Launch Us to $18K?

Ethereum is a major player in the cryptocurrency market, despite dipping below $2,700 again on Thursday. ETH has demonstrated bullish behavior in recent weeks, and crypto specialists are predicting a significant short-term rise.

Given market weakness, Ethereum has lost some upward impetus after hitting $2,800 barrier. Despite this minor retreat, ETH's previous trend suggests a strong gain, extending the uptrend.

The technical expert says Ethereum is in a pivotal technical zone that might spark one of its strongest rallies.

This key zone is called Impulsive Waves on the chart. This zone has historically preceded huge upward breakout movements, therefore the analyst believes ETH may be about to leap to a new top.

The analyst believes ETH is approaching the impulsive waves zone after a massive collapse and quick comeback in the past cycle. Since the impulsive waves zone has a positive effect on price, its recent development suggests ETH's next significant rise is underway.

Trader Tardigrade expects Ethereum to rise roughly 700% to $18,000 as momentum builds and resistance levels are tested. The trend suggests the cryptocurrency will hit this level by the second part of next year.

The market's gradual move into Ethereum season may support Trader Tardigrade's prediction. The ETH/BTC chart shows Ethereum developing bullish momentum after rebounding from monthly support around 0.018.

Daily chart shows ETH's price creating a Bull Flag. Bull flags usually signal a continuation of an upward trend, signaling the altcoin's bullish run is not done. When ETH breaches the bull flag pattern, the expert predicts a $4,000 price surge.

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