ETH reclaims $3,600 pump target after a steady pump following BTC’s new ATH.
This fuels expectations for $4,000 breakout and altseason soon.
ETH seems to be following several bullish patterns, one mirroring BTC’s old pump pattern.
The price of the pioneer altcoin Ethereum (ETH) continues in a steady upward climb. Since ETH reclaims $3,600 pump target, expectations for ETH to break out past the $4,000 bull target grow stronger. Presently, analysts have highlighted several bullish indicators on the Ethereum price chart, and one analyst sheds light on Ethereum completing a 6-year-long textbook expanding diagonal as wave v bull formation.
ETH Reclaims $3,600 Pump Target
Ever since Bitcoin’s brutal correction phase in Q1, altcoins seem to finally see rising in prices. This is because, as many analysts had suggested, the price of BTC started to pump much too early this bull cycle, where for the first time ever, the price of BTC set a new ATH price before the Bitcoin Halving event occurred. This means a correction was needed so the market can enter a healthy state.
This is why when BTC went on set a string of new ATHs in 2024, the prices of altcoins barely moved. While some new altcoins went on to set new ATHs early on, legacy altcoin prices barely moved. However, after Q1 of 2025, legacy altcoins began showing promise once again, a move mostly triggered by the price of ETH finally starting to pump. Since Q1, the price of ETH rose from $1,700 to $3,600.
$4,000 ETH Target Breakout on the Horizon
In detail, the price of BTC only broke past the $2,700 barrier after BTC set its latest ATH in the $123,000 price range. It went on to hit $3,400 first and has now reclaimed the $3,600 price range. Analysts believe the price of ETH will first reclaim the $3,800 price range before going on the reclaim the $4,000 bull target. Once ETH reenters $4,000, it is only a short pump away from reclaiming its previous ATH price of $4,800.
https://twitter.com/Ashcryptoreal/status/1946555274078331301
Analysts are very bullish over ETH at the moment, due to several bullish indicators on the Ethereum price chart. Some analyst have drawn comparisons between ETH’s present price chart ot that of Bitcoin’s previous bull chart patterns and believe that the price of ETH will follow BTC’s old bull cycle patterns, which means parabolic price leaps lie ahead for ETH, meaning the price of ETH could hit new ATH between $10,000 to $20,000 this bull cycle.
As the post above indicates, this analyst says that ETH at $4,000 feels similar to Bitcoin at $12,000 in 2020, when traders waited months and months for BTC breakout despite Saylor buying and Fed printing trillions, BTC was unable to reclaim $12,000. But then Q4 came, and BTC started to rally. Within 4-5 months, BTC pumped 400%. Thus, he expects a similar pump for ETH once it breaks out above $4,000.
