ETH is repeating its past three-step cycle, rising from $1,500 to $4,278, with the current goal of breaking through to a new high.
$4,800 to $5,000 is a key resistance level; according to Merlijn's forecast, breaking this resistance could lead to a rise to $7,000 to $10,000.
After ETH broke through years of resistance on the weekly chart, analyst Rose sets the key upward targets at $4,706, $5,314, and $5,986.
After completing the three-step market pattern that repeatedly occurred in the past cycle, Ethereum may be approaching a critical breakout phase. The structure pointed out by analyst Merlijn The Trader indicates that Ethereum could move from the $1,500 level to unprecedented highs. This pattern begins with a deep accumulation phase, followed by a mid-cycle rebound and pullback, ultimately peaking in a strong upward breakout.
Accumulation phase similar to previous cycle lows
In the cycle from 2018-2020, Ethereum fell from a peak of nearly $1,400 to below $100, then underwent a long bottoming phase. Similarly, after reaching nearly $4,800 at the end of 2021, the price fell to around $1,000 by mid-2022.
ETH/USD 1-week price chart, source: Merlijn The Trader on X
Subsequently, the digital asset entered a long consolidation phase until 2023, which analysts refer to as the foundation for the next market trend.
Mid-cycle recovery and pullback
Following the lows of 2018-2019, Ethereum rose to about $360 in 2019, and then fell again. In the current market, Ethereum has shown a similar trend, with its price rising from around $1,000 to nearly $4,000 during 2024.
However, this rebound failed to set a new historical high, leading to a pullback. Analysts point out that historically, such pullbacks often precede significant breakthroughs in Ethereum's price trend.
Breakthrough area and key resistance levels
In 2020, Ethereum skyrocketed from around $100 to about $4,800 in its breakthrough trend. According to the chart data, by 2025, this asset has climbed from $1,500 to $4,278.
Merlijn's forecast indicates that if momentum aligns with the 2020-2021 phase, it could rise to $7,000-$10,000. However, the $4,800-$5,000 range is a key resistance level that must be broken to continue rising.
Analyst Rose's report further supports the bullish outlook, noting that Ethereum has broken through years of resistance on the weekly chart. Rose's targets are rebounds to $4,706, $5,314, and $5,986. Continued breakthroughs of these resistance levels could lead the asset price to set new highs.
The article (Analyst predicts Ethereum will soar to $10,000 after repeating years of patterns) is published on Crypto Front News. Visit our website to read more exciting articles about cryptocurrencies, blockchain technology, and digital assets.
ETH is repeating its past three-step cycle, rising from $1,500 to $4,278, with the current goal of breaking through to a new high.
$4,800 to $5,000 is a key resistance level; according to Merlijn's forecast, breaking this resistance could lead to a rise to $7,000 to $10,000.
After ETH broke through years of resistance on the weekly chart, analyst Rose sets the key upward targets at $4,706, $5,314, and $5,986.
After completing the three-step market pattern that repeatedly occurred in the past cycle, Ethereum may be approaching a critical breakout phase. The structure pointed out by analyst Merlijn The Trader indicates that Ethereum could move from the $1,500 level to unprecedented highs. This pattern begins with a deep accumulation phase, followed by a mid-cycle rebound and pullback, ultimately peaking in a strong upward breakout.
Accumulation phase similar to previous cycle lows
In the cycle from 2018-2020, Ethereum fell from a peak of nearly $1,400 to below $100, then underwent a long bottoming phase. Similarly, after reaching nearly $4,800 at the end of 2021, the price fell to around $1,000 by mid-2022.
ETH/USD 1-week price chart, source: Merlijn The Trader on X
Subsequently, the digital asset entered a long consolidation phase until 2023, which analysts refer to as the foundation for the next market trend.
Mid-cycle recovery and pullback
Following the lows of 2018-2019, Ethereum rose to about $360 in 2019, and then fell again. In the current market, Ethereum has shown a similar trend, with its price rising from around $1,000 to nearly $4,000 during 2024.
However, this rebound failed to set a new historical high, leading to a pullback. Analysts point out that historically, such pullbacks often precede significant breakthroughs in Ethereum's price trend.
Breakthrough area and key resistance levels
In 2020, Ethereum skyrocketed from around $100 to about $4,800 in its breakthrough trend. According to the chart data, by 2025, this asset has climbed from $1,500 to $4,278.
Merlijn's forecast indicates that if momentum aligns with the 2020-2021 phase, it could rise to $7,000-$10,000. However, the $4,800-$5,000 range is a key resistance level that must be broken to continue rising.
Analyst Rose's report further supports the bullish outlook, noting that Ethereum has broken through years of resistance on the weekly chart. Rose's targets are rebounds to $4,706, $5,314, and $5,986. Continued breakthroughs of these resistance levels could lead the asset price to set new highs.
The article (Analyst predicts Ethereum will soar to $10,000 after repeating years of patterns) is published on Crypto Front News. Visit our website to read more exciting articles about cryptocurrencies, blockchain technology, and digital assets.
