Key Takeaways:
Etherium is breaking out from multiple bullish patterns on the price chart.
Analysts forecast ETH reaching $6,000 in the near term, with $20,000 possible within a year.
Ethereum’s native token, Ether, has climbed roughly 24% this week, surpassing $4,330—its highest level since December 2021. Many analysts are now watching for a move beyond its all-time high of $4,950.
Wyckoff Pattern Breakout Targets $6,000
According to analyst Lord Hawkins, Ethereum appears to be breaking out of a prolonged Wyckoff Accumulation phase. The ETH/USD pair has spent months in a large consolidation range, gradually absorbing selling pressure. In Wyckoff theory, this stage typically ends with a strong rally once buyers gain control.
ETH’s push above the $4,200 resistance marks a “Sign of Strength” (SOS). The next step could be a short pullback—known as the “Last Point of Support” (LPS)—to confirm the uptrend. If the LPS holds, ETH would enter the markup phase, where prices accelerate as demand exceeds supply. Based on the range height, this pattern points to a $6,000 target.
Triangle Breakout Points to $8,000
As of Sunday, ETH was breaking above the upper trendline of a multi-year symmetrical triangle between $4,000 and $4,200, according to analysts Crypto Rover and Titan of Crypto. The breakout implies a potential move equal to the triangle’s maximum height, suggesting an $8,000 target—about 90% higher than current prices.
Historically, such long-term breakouts on ETH’s higher timeframes have triggered strong multi-month rallies, especially when backed by growing volume and favorable macro conditions. For example, in April 2020, ETH broke out of a similar triangle and surged over 950% to reach its target before rallying even further.
Price Fractals Hint at $20,000
Historical patterns suggest Ethereum could reach $20,000 within 6–8 months if similar price structures repeat. Analyst Nilesh Verma points to past cases—in January 2017 and April 2020—where ETH rallied massively after retesting a major support level, gaining over 8,000% and 950%, respectively.
In April 2025, ETH once again bounced sharply from the $1,750–$1,850 range. If the pattern holds, a sustained rally could extend through April 2026, with a minimum target near $10,000 and a potential peak of $20,000.
Popular analyst Merlijn The Trader shares the $20,000 outlook, citing Ethereum’s multi-year rising channel as further evidence of a long-term uptrend.