Analyst Predicts Ethereum (ETH) May Reach $8,000 by Early 2026
Analyst Gert van Lagen predicts that Ethereum (ETH) could surge to $8,000 by early 2026. The core basis for this is the 'expanding diagonal' technical pattern that ETH has followed since mid-2022 (this pattern supported a 245% increase between November 2022 and February 2024), which bears similarities to the Dow Jones Industrial Average trend in the 1980s.
Currently, the ETH price is fluctuating between the upper and lower boundaries of this pattern. The analyst believes ETH is in the fifth wave of the 'final upward' phase, which is typically volatile and difficult to predict. Technically, ETH has reestablished support at a long-term rising trend line and is currently testing the key resistance area of $3,900-$4,150. If it successfully breaks through, the technical target points to around $7,150. Macroeconomic factors are also seen as potential positives.
Additionally, Consensys has also released an optimistic forecast, predicting ETH to reach $4,900 by the end of 2025 and rise to $15,800 by 2028. It should be noted that the views in this article are merely the analyst's predictions and not investment advice. The risks of cryptocurrency investment are extremely high, and one must conduct thorough research before making decisions.
