$ETH Targets $9,500 as Bull Momentum Accelerates

ETH Targets $9,500 as Bull Momentum Accelerates

The previous 24 hours have seen Ethereum's price surge bullishly. Technical patterns suggest a surge that might send it over its all-time high of $4,878, and as high as $9,500.

Since March 2024, TradingView analyst melikatrader94 has detected a Right-Angle Broadening Formation (RABF) on the daily candlestick chart, an uncommon yet strong continuation setup.

Ethereum's price motion has been positive in recent days. In the previous 24 hours and 7 days, the top altcoin has gained 20% and 45%.

Ethereum is now in the last stages of a months-long RABF pattern, according to melikatrader94's TradingView technical analysis. RABF patterns have a horizontal resistance zone between $4,200 and $4,300 with a downward-sloping support trendline, indicating that buyers are becoming more aggressive with each downturn to hit the barrier.

Ethereum last bounced off this support trendline in early April 2025, down to $1,470. It has since risen 194% and is currently trying to break above the upper trendline.

The measured move concept calculates the breakout objective from the pattern's vertical height, around $2,070. This vertical height plus the breakthrough level at $4,300 yields a $6,370 starting price goal. Ethereum might reach $9,500 if positive sentiment continues beyond that milestone.

Ethereum needs a decisive daily close over $4,300 and strong trading volume to achieve this. According to the expert, this would start a strong climb with a short consolidation at $5,100 before continuing ahead.

However, if Ethereum fails to hold above $4,300 and prolong its advance, support levels are $3,700 and $3,200. Ethereum is now trading at $4,320, up 1.1% in 24 hours. Ethereum outperformed Bitcoin, XRP, and Solana, which are down 2.2%, 3.5%, and 4% in the previous 24 hours.

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