Ethereum is testing the upper limit of its long-term price channel, signaling a possible breakout above $4,000 soon.
ETH’s past rallies followed similar patterns, and current price action shows the same setup that triggered its 4,000% surge in 2020.
A breakout above $4,000 could spark a massive bull run similar to Bitcoin’s 2020 move beyond $20,000, drawing market attention.
According to analyst Ted, Ethereum (ETH) has shown strong momentum in recent weeks, rallying above $3,000 and signaling the start of a possible supercycle. Analysts believe the real breakout will come once ETH crosses the $4,000 mark. That level mirrors the price of Bitcoin’s $20,000 breakout in 2020. Hence, a similar explosive run could be on the horizon for Ethereum holders.
Besides recent bullish sentiment, long-term technicals paint an even more compelling picture. Ethereum has consistently moved within a multi-year ascending channel since 2017. This channel, defined by two yellow trend lines, has guided ETH’s price over every major cycle. The lower line has acted as support, while the upper serves as a resistance.
Ethereum’s previous explosive surge began in 2020. The asset moved from around $200 to over $4,000 by 2021. This bullish phase marked a 4,000% increase from prior lows. However, the rally cooled off in 2022. ETH retraced back to the $1,000 range but never broke below the ascending trend line.
Price Structure Signals Strong Foundation
Since late 2023, there has been a consistent recovery, as seen by the current price action. By early 2025, ETH had surpassed $3,000 and was once more testing the upper limit of the channel. Its pricing behavior also stays consistent with past cycles and is organized. Despite brief declines, this suggests a long-term positive trend.
Consequently, Ethereum continues to trade within this rising corridor. The chart’s logarithmic scale reinforces the view that each correction is part of a broader pattern of growth. Importantly, every downturn has respected the channel’s support.
$4K Breakout Could Trigger Ethereum Supercycle
A decisive breakout above $4,000 could push Ethereum into a new growth phase. Such a move would mirror Bitcoin’s breakout above $20,000 in late 2020. Back then, BTC’s price tripled in a few months, sparking massive retail and institutional inflows.
Additionally, ETH’s current structure and price zones are nearly identical to those seen during past macro breakouts. Hence, the next leg up may not just be a rally—it could define the next bull market chapter.
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