Ethereum is soaring, with a target of $10,000 in the next 6-8 months? Or even higher?

Recently, Ethereum (ETH) has indeed been exhilarating! This week it soared about 24%, with prices breaking through $4,330, reaching a new high since December 2021. Many crypto industry leaders and analysts are optimistic about its prospects, generally expecting Ethereum to first break through $6,000, and even possibly reach a super target of $20,000 within a year! What hidden secrets lie behind this? Below, let’s explain it in an easy-to-understand manner.

Bullish momentum is surging, and the technical indicators are blooming across the board.

Ethereum's recent trend has shown multiple key breakthroughs on the technical chart, greatly boosting bullish confidence. Especially after successfully breaking the $4,000 barrier, it has conquered the $4,200 resistance zone that the market is focusing on—this type of breakthrough in technical analysis is called a 'Sign of Strength' (SOS), indicating that buyer strength is rapidly increasing.

In simple terms, Ethereum is like a runaway horse, starting to accelerate. The 'Wyckoff accumulation pattern' that analysts are particularly focused on is emerging at this moment: after a period of sideways consolidation, digesting previous selling pressure, and completing 'energy accumulation', buyers finally gain the upper hand, leading to a decisive breakout in price. Now, Ethereum is following the Wyckoff theory description, completing the accumulation phase and entering an upward channel.

Confirmation of the 'last support point' in an upward trend

According to the Wyckoff model, after a breakout, the market typically experiences a slight pullback, known as the 'last support point' (LPS), which serves as a 'touchstone' for buyers to confirm whether the new upward trend is solid. If Ethereum can successfully hold this pullback point, it will enter the 'markup phase'—where demand clearly exceeds supply, and the price will rise increasingly quickly, soaring like a rocket.

Bull market target: $6,000 is not a dream, with higher targets aimed at $20,000!

By calculating the height of the accumulation range, the technical indicators show that Ethereum is expected to surge to around $6,000 in the short term, which is a reasonable expectation based on the current market structure.

Even more exciting is that many professional analysts and institutions are optimistic that Ethereum will enter a super bull market cycle in the next 6-8 months, with the ultimate target possibly reaching between $10,000 and $20,000! This seemingly crazy prediction is backed by multiple supporting logics:

• Large institutional funds are entering the market: More and more large funds continue to increase their holdings in Ethereum;

• Strong on-chain data: Network activity, trading volume, and smart contract usage rates are steadily increasing, indicating a healthy ecosystem development;

• Technological innovation continues: The scalability and efficiency improvements brought by Ethereum upgrades have enhanced its competitiveness as a smart contract platform.

Ethereum's 'triangle' and breakout signal

The 'triangle' range of Ethereum is roughly between $4,000 and $4,200—prices oscillate repeatedly within this range, like a spring ready to explode. Recently, ETH successfully broke through the upper boundary trendline of the triangle, and the market subsequently exploded, this positive signal indicates that buyer strength is strongly dominating the market.

Why does a breakout mean 'flying towards $8,000'? There is a rule in technical analysis: the price increase after a breakout often equals the 'maximum height' of the triangle. This time, the height difference of the triangle is about $200 ($4,000-$4,200), but combined with the shape width and breakout strength, analysts have comprehensively calculated to lock the target price near $8,000. In other words, if the market operates according to the rules, ETH is expected to achieve over a 90% increase from the current level, directly doubling and more!

Historical data: Breakouts are often a prelude to super bull markets

Before each of the recent massive increases in Ethereum, it experienced similar 'symmetrical triangle breakouts'. Such breakouts often occur in higher time frames (like several months of trends), after which the market typically enters a lengthy strong rebound phase. Additionally, if the breakout is accompanied by a significant increase in trading volume, it indicates strong market buying enthusiasm, making the upward trend easier to sustain. The current global macro environment is relatively favorable for cryptocurrencies, providing strong support for Ethereum's increase.

The fractal history and future potential of Ethereum

Looking back at history, Ethereum's two super surges both experienced similar 'bottom retests':

• January 2017: After stabilizing in the bottom region, ETH began an astounding surge, ultimately increasing over 8,000% for about a year;

• April 2020: Once again stabilized near the bottom, then surged by about 950%, similarly reaching the peak after approximately 12 months.

These two market waves prove that after confirming the bottom, Ethereum often initiates a sustained and highly explosive bull market. In April 2025, Ethereum once again replayed the 'bottom retest', finding support in the $1,750-$1,850 range and rebounding strongly.

According to this fractal, this round of increases is expected to continue until around April 2026, with huge potential for price increase:

• Target price: a minimum of $10,000, with the most optimistic reaching $20,000!

Famous analyst Merlijn The Trader shares a similar view, believing that Ethereum is in a multi-year upward channel, and hitting $20,000 in the coming months is a high-probability event.

Why is this fractal trustworthy?

1. Historical repetition verification: The trends in 2017 and 2020 both conform to the fractal pattern, and ultimately exhibited extremely large increases;

2. Key confirmation of the bottom: In April 2025, Ethereum successfully tested the bottom, showing extremely strong buying support;

3. Environmental data alignment: The current market environment is loose, institutions continue to enter, and the continuous development of the Ethereum ecosystem adds strong momentum to the rise.

Historical fractals provide us with an important reference: Ethereum may initiate explosive increases in the next six months to a year, with a minimum target of $10,000, and in the best case, aiming for $20,000! This is a significant opportunity worth paying attention to in the crypto space, but be aware that market fluctuations always exist, and it is crucial to invest rationally and manage risk well.

Friends in the crypto community, are you ready to welcome Ethereum's super bull market? Let us wait and see, and witness the possible miracles together!#ETH