Ethereum’s 4-Year Breakout? Analysts Predict Parabolic Rally 🚀
Ethereum ($ETH) is shining bright again, surging 17% in the past week and smashing through the $2,500 resistance. After years of consolidation, analysts believe ETH is primed for a stratospheric breakout, potentially entering a parabolic phase.
Key Takeaways from Analysts:
Breakout Imminent?
Despite struggling to hold above $2,600, experts see strong bullish momentum building.
A minor pullback may occur, but the larger uptrend is confirmed, with ETH likely in Wave 3 of the Elliott Wave cycle — a historically explosive phase.
Price Targets:
Short-term (Wave 3): $6,500 (1.618 Fibonacci extension)
Cycle Peak: $9,000–$10,000, matching 2017’s exponential growth patterns
Whale Activity & Market Sentiment:
Large investors (whales) are accumulating aggressively, signaling confidence in a major rally.
Some analysts predict ETH could outperform Bitcoin ($BTC) this cycle, peaking earlier.
Technical Confirmation:
The Bullish/Bearish Reversal Bar indicator flashed a green dot, reinforcing the bullish case.
A worst-case scenario involves a brief retest of lower support (if BTC dominance spikes to 67%), but the overall trajectory remains strongly upward.
Final Thoughts:
With institutional interest growing, regulatory clarity improving, and Ethereum’s fundamentals stronger than ever, this could be the start of ETH’s biggest run yet.
Are you ready for the next leg up? Let’s discuss in the comments! 💬🚀