Ethereum prints big green breakout candle on the weekly price chart.
The price of ETH could hit $4,200 price target in the next 3-4 weeks.
The price of ETH prepares to reclaim its previous ATH price.
The prices of pioneer cryptocurrency and pioneer altcoin asset Bitcoin (BTC) and Ethereum (ETH) have been making steady gains in the last few days, with the price of BTC having pumped from $113,000 to $122,500 ATH price. Meanwhile, ETH prints big green breakout candle on the weekly price chart. Analysts expect ETH to hit $4,000 - $4,200 price targets soon, meaning new ATHs for ETH and an explosive altseason peak phase arrival.
ETH Prints Big Green Breakout Candle
The pioneer altcoin asset, ETH, has had a delayed pump this bull cycle. Only after Bitcoin’s prolonged correction phase in Q1 of 2025 did the price of ETH finally start to pump. In fact, during that correction phase is when the price of Ethereum (ETH) went on to bottom at the $1,700 price target. In the following weeks, the price of ETH went on to smash through the $2,000 and $2,500 price targets.
Once ETH hit $2,700, the market entered another small correction and sideways price movement phase. Eventually, the price of Bitcoin pumped once again, setting new ATH prices, allowing ETH and altcoin prices to pump in a much healthier market state compared to the previous year. Now, analysts are pleased to see that the price of ETH has finally broken past the $3,000 price target and expect greater prices soon.
https://twitter.com/CryptoBullet1/status/1944638113248133202
One of the biggest indicators come from several reputed analysts. For instance, the analyst in the post above, just saw hit $119,000 BTC ATH target come true. Now, he looks to the ETH price chart and makes his next prediction. As the post depicts, the analyst says that ETH has printed a big green breakout candle on the weekly price chart. In fact, ETH broke above the June's wick and the Major S/R horizontal.
$4,000 and Above ETH Targets Near
https://twitter.com/TedPillows/status/1944469653033455916
Thus, the analyst concludes that the picture looks similar to February-March 2024 when ETH gained +42% after the breakout. If this move were to repeat then the price of ETH will be at $4,200 within the next 3-4 weeks. This expectation goes in line with the prediction above, where the analyst also expects ETH price to hit $4,000 soon and calls the current pump a start to a much greater price surge.
https://twitter.com/cryptoes_ta/status/1944560088359772232
Finally, another bullish indicator for the expected price pump of ETH and altcoin prices comes from the Bitcoin Dominance chart. In detail, the post above says that Bitcoin Dominance has officially closed below the blue diagonal highlighted in the image in the post. This analyst believes that the sign indicated that this is the beginning of a very bullish altseason, and responses to the post echo the excitement.
