Ethereum $ETH has once again come into the spotlight in cryptocurrency markets after its price surpassed the $4000 barrier. The increase of about 24% over the week brought the price to $4330 – the highest level since December 2021. Analysts agree: the current momentum may pave the way for new records, and the price could rise up to five times over the next few months.

According to classical analysis, the breakout range equals the height of the pattern, which in this case indicates a target of around $8000. Such long-term breakouts have historically often preceded multi-month bull markets, especially when accompanied by increasing volume and favorable macroeconomic conditions. A notable example is April 2020, when a similar breakout led to nearly a tenfold increase in the price of ETH.

In Ethereum's market history, this trend appeared in January 2017 and April 2020, preceding price increases of 8000% and 950% respectively. In April 2025, ETH bounced off the $1750-$1850 zone, repeating the same trend. If the analogy holds, the minimum target is $10,000, and under favorable conditions, it could reach $20,000 by spring 2026