With strong growth momentum in the cryptocurrency market, large-cap altcoins are among the main beneficiaries of the current positive trend. Specifically, the price of Ethereum continues to impress, with this second-largest cryptocurrency reaffirming its market position in recent weeks.
The price of Ethereum has shown significant bullish momentum over the weekend, reclaiming the $4,000 mark for the first time since December 2024. Interestingly, the 'king of alternative cryptocurrencies' seems to just be at the beginning of a long-term upward trajectory.
ETH Will Surge 182% in the Coming Months: Analyst
In a post on August 9 on the social media platform X, the anonymous cryptocurrency analyst Titan of Crypto shared an intriguing prediction about Ethereum, suggesting that its price could rise to as much as $12,000. This positive forecast is based on the price fractals of Bitcoin, the world's largest cryptocurrency by market capitalization, in 2020.
In technical analysis, fractals refer to repeating patterns on price charts. These price patterns often provide insights into historical price volatility and can be used to analyze the future trajectory of a cryptocurrency.
Titan of Crypto reveals that the price of Ethereum is currently at the same price level as BTC in August 2020. At that time, this leading cryptocurrency was trading in a converging wedge pattern before soaring to an all-time high of around $69,000.
As shown in the chart above, the price of Ethereum is currently trading in a similar converging wedge pattern on the monthly chart. BTC and ETH prices recently bounced off the lower boundary of the chart pattern at the beginning of 2020 and 2025.
Almost identical, the two largest cryptocurrencies nearly broke through the trend line with the candles from July 2020 and 2025, respectively. While BTC's price fluctuated around the upper trend line in the following two months, Ethereum's price clearly broke above the wedge pattern with the August candle.
Looking at history, and if the monthly closing price holds above $4,000, the price of Ethereum could be on track to reach unprecedented highs around $12,000. This move indicates that ETH has the potential to surge 182% from its current price.
