Ethereum trades at $4,426, testing a breakout from its $880–$4,000 consolidation range after four years.
Analyst Ted Pillows sees potential for $10K ETH, with $19K–$23K possible if historical rally patterns repeat.
A $1B daily inflow into the ETH ETF indicates growing institutional demand as key resistance levels approach.
Ethereum is showing signs of exiting a prolonged four year consolidation, with some analysts projecting major upside potential if momentum continues. The crypto, which last peaked near $4,800 in late 2021, has since traded between roughly $880 and $4,600 in a period marked by sideways movement and repeated failed breakout attempts.
At press time, Ethereum was trading at $4,632, up 7.60%, as it challenges the upper boundary of this range. According to analyst Ted Pillows, this technical change resembles a prior breakout phase that preceded a 20 fold rally in one year, raising the possibility of $10,000 Ethereum in the coming cycle.
Historical Rally Patterns and Bullish Forecasts
From early 2020 to late 2021, Ethereum surged about 54 times in value, climbing from $80 to its record high near $4,800. That rally was followed by years of choppy trading, with price volatility contained within a wide sideways range.
Pillows notes that the current market setup appears similar, with early signs suggesting a fresh upward phase. If historical behavior repeats, the projected price path could extend toward $19,000–$23,000 by 2027.
However, this scenario depends on Ethereum maintaining its position above key price levels. The first resistance is at its previous all time high, with additional psychological barriers at $5,000, $10,000, and $15,000. A return below $4,000 could undermine the breakout structure, potentially sending prices back into the consolidation zone.
Institutional Demand and Market Pressure
Michael van de Poppe noted a $1 billion single day inflow into the Ethereum ETF, indicating increased interest from larger investors. He emphasized that institutional exposure to Ethereum and related assets continues to expand.
This influx of capital, together with the breakout attempt, is seen as a key driver of recent price momentum. The broader market, including upcoming network developments, could further influence Ethereum movement.
Yet, van de Poppe also pointed to the risks tied to fast vertical movements. According to him, such price surges often face steep corrections, making strategic allocation and profit taking essential in volatile conditions.
Levels to Watch in the Breakout Phase
Maintaining stability above the $4,000 level will be important in confirming the bullish breakout. Sustained trading above prior resistance could lead toward new highs. Analysts agree that the current structure is at a key point, with the next moves likely influencing Ethereum long term market direction.
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