Ethereum is brewing a four-year major reversal, and the target may be $20,000
Top technical analyst Gert Van Lagen recently said on X that Ethereum is forming a rare four-year cycle inverse head and shoulders pattern (Inverse H&S) on the weekly chart, which is a typical bullish reversal structure. Once the pattern is confirmed, the long-term target may reach $20,000.
Currently, ETH is regaining attention against the backdrop of strengthening on-chain fundamentals and warming market sentiment. Although prices still face resistance, breaking through $1,800, coupled with long-term structural support, has made Ethereum one of the most promising assets. If the market continues to improve, it is only a matter of time before it breaks through $2,000.
Technology and sentiment resonate, ETH bulls are brewing a breakthrough
Although it is still nearly 60% lower than the historical high of $4,100, ETH is showing an independent trend. Van Lagen pointed out that the right shoulder pattern reflects the exit of retail investors and the re-accumulation of the market, laying the foundation for the next round of increases.
Currently, ETH is trading around $1,740 and is testing the 4-hour 200 MA and EMA dual support. If it can break through and close above $2,000, it will confirm a trend reversal and open up more upside; conversely, a break below $1,700 may trigger a short-term correction.
