Ethereum (ETH) has smashed through the $4,000 mark for the first time since December 2021, surging over 24% this week to hit highs above $4,330. Now, traders are watching closely as multiple bullish patterns point toward much higher targets.
๐ Key Highlights
ETH is breaking out from several long-term bullish setups.
Analysts see $6K in the near term, with $20K possible within a year.
๐ Wyckoff Breakout โ Targeting $6,000
According to analyst Lord Hawkins, ETH is emerging from a Wyckoff Accumulation phase โ a classic pattern where smart money accumulates before a big rally. The current push above $4,200 marks the โSign of Strengthโ stage, often followed by a small pullback (Last Point of Support) before a strong markup phase begins.
If this pattern holds, the projected move from the range points to around $6,000 in the coming months.
๐บ Triangle Breakout โ Eyeing $8,000
Analysts Crypto Rover and Titan of Crypto note that ETH is also breaking out of a multi-year symmetrical triangle between $4,000 and $4,200. Technical projections from this setup indicate a potential rise toward $8,000, backed by historical patterns where similar breakouts triggered multi-month rallies.
๐ Fractal Pattern โ $10K Minimum, $20K Possible
Analyst Nilesh Verma points to a striking similarity with Ethereumโs past parabolic runs in 2017 and 2020. In both cases, ETH retested a major support before rallying 950% or more within a year.
The latest retest happened in April 2025 near $1,800, and if history repeats, ETH could see $10,000 as a conservative target, with an ambitious $20,000 possible within the next 6โ8 months.
๐ก Bottom Line: Ethereum is flashing multiple high-timeframe bullish signals. While short-term pullbacks are possible, many analysts believe the next big leg up could dwarf the recent gains.
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