Analyst: Ethereum is expected to reach approximately $8000 by early 2026, and its price structure is similar to the bull market pattern of the Dow Jones Industrial Average in 1980

According to CoinWorld news, on July 21, analyst Gert van Lagen pointed out that Ethereum (ETH) is in the 'final surge' phase and may advance towards the $8000 price level. He found that ETH's current price structure is remarkably similar to the bull market pattern of the Dow Jones Industrial Average in 1980. This analysis is based on a 'textbook-style expansion diagonal' chart, which has provided strong support for Ethereum's major rebound since mid-2022. Currently, ETH is trading between the upper and lower boundaries of this pattern, with expectations to reach the upper boundary of approximately $8000 by early 2026. Technically, ETH has reestablished a multi-year upward trend line as support and is consolidating within an ascending triangle pattern. A breakout above the resistance zone of $3900-4150 could trigger a rise towards $7150, approaching the target price of the trumpet pattern. The analyst stated that macroeconomic factors, such as the anticipated Federal Reserve interest rate cuts and ongoing ETH ETF fund inflows, may support this upward trend.