Ethereum regained an important technical level in the last 24-hour trading session,
Its price crossed the $2,800 barrier and briefly touched $2,870. This interesting crossover marks the first time since February 2025 that Ethereum has traded above the $2,800 threshold. This move comes amid growing bullish momentum from Bitcoin, and according to a recent analysis by a cryptocurrency expert, this could be just the beginning of a much larger rally for Ethereum.
The technical pattern indicates that the price of Ethereum may approach $20,000.
An interesting technical formation on Ethereum has caught the attention of some traders: a classic inverse head and shoulders bottom. According to cryptocurrency expert Gert van Lagen, who shared his analysis on social media platform X, this inverse head and shoulders pattern is forming over the long term.
Specifically, the two-week candlestick chart of Ethereum, shared by the analyst, reveals a completed structure with a left shoulder in mid-2021, a clear head formed during the bear market in late 2022 to early 2023, and a right shoulder forming throughout the 2024 to early 2025 correction.
The left shoulder appeared in mid-2021, when Ethereum peaked at around $4,870 and then rebounded toward the end of the year. The head formed at lows around $1,350 in 2022 and 2023. The right shoulder is currently forming after Ethereum rebounded from around $1,600 in 2025. Finally, this pattern also features symmetry around the neckline drawn near the $4,200 price area.
With this in mind, the pattern's neckline, held just below the $4,200 resistance level, is the most important level to break. A confirmed break above this area could activate the full upside target projected by the technical pattern.
ETH price is approaching $20,000
According to Gert van Lagen, the two-week head and shoulders pattern suggests that Ethereum's price could be "closer to $20,000 than most people expect." His price target calculation follows a traditional technical methodology. By measuring the vertical distance from the low point of the head to the neckline resistance level, and then projecting the same distance upward from the neckline, he arrives at a target of around $19,500, representing an increase of over 600% from current price levels.
In the same analysis, Van Lagen also highlighted a widening falling wedge pattern that has been forming since mid-2023. This secondary structure reinforces the notion that Ethereum could see a much larger upside once it surpasses the $4,200 level.
However, this $19,500 price prediction is based on the technical symmetry of the inverted head and shoulders pattern, not on any fundamental shifts in Ethereum's price. Furthermore, there is no clear timeline for achieving this target; however, given the multi-year nature of the inverted head and shoulders pattern, achieving the target price could take up to four years.
At the time of writing, Ethereum is trading at $2,772, having retreated slightly from $2,870.
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