Ethereum’s 4-Year Breakout? Analysts Predict a Parabolic Surge Ahead 🚀
Ethereum is heating up — again. With a 17% gain over the past seven days and a clean break above the $2,500 mark, analysts are now turning increasingly bullish. Many believe ETH is gearing up for a major breakout after years of consolidation, and a parabolic move could be closer than we think.
ETH Primed for a Massive Move
According to popular analyst Skyrexio, Ethereum is on the verge of a major rally. He believes the current structure suggests a breakout is imminent, with ETH potentially heading toward a new all-time high (ATH).
While the $2,600 level has acted as strong resistance, the rebound is already in motion. Even if there’s a short-term dip in the coming days, Skyrexio insists the larger trend has been confirmed — the breakout has already begun.
Elliott Wave & Fibonacci Signals Align
Reviewing ETH’s weekly chart, Skyrexio points to Ethereum being in wave 3 of the Elliott Wave cycle — typically the most explosive phase. A green dot on the Bullish/Bearish Reversal Bar indicator adds further confirmation. His price target for wave 3? Around $6,500, based on the 1.61 Fibonacci extension.
However, he also suggests an alternate scenario: a brief retest of lower levels while Bitcoin dominance climbs toward 67%. Despite this, whale accumulation is ramping up — a classic sign of preparation for a big move.
ETH to Outperform BTC This Cycle?
Skyrexio believes Ethereum will outpace Bitcoin and lead the charge this market cycle. His projected top? Anywhere between $8,000 and $10,000 — levels that echo the explosive 2017-style rally. He calls this cycle a “return of the ETH mania.”
Bottom Line: Ethereum might be about to break free from a four-year cage. Buckle up — if analysts are right, the next leg could be parabolic.
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