Ethereum climbs above $4,300 with targets as high as $20,000 in 2025.
- Ethereum breaks key levels, signaling a strong price trend.
- Analysts see potential for ETH to reach $6K, $8K, or even $20K.
Ethereum Passes $4,300 for the First Time Since 2021
Ethereum (ETH) rose nearly 24% this week, moving past $4,330. This is its highest level since December 2021. The price is now approaching its all-time high of $4,950. Strong demand is pushing momentum.
Wyckoff Pattern Suggests $6,000 Target
Technical analyst Lord Hawkins says Ethereum is breaking out of a bullish pattern called a Wyckoff Accumulation. In this setup, prices rise once buyers take control. ETH has moved above its resistance at $4,200, which is called the “Sign of Strength.” If it holds the next support zone during a small pullback, called the “Last Point of Support,” the next move could take ETH to around $6,000.
Triangle Breakout Points to $8,000
Other experts, like Crypto Rover and Titan of Crypto, see Ethereum breaking out of a symmetrical triangle pattern. This breakout has started around the $4,000 to $4,200 range. These patterns, when confirmed, often lead to strong rallies. Their chart models show a move to $8,000, which is more than 90% above the current price.
Historic Price Fractal Hints at $20,000
Nilesh Verma points to past trends where ETH surged massively after testing bottom support. Both in 2017 and 2020, the price rallied more than 900%. Ethereum recently bounced from a similar bottom zone near $1,800. If this pattern repeats, analysts say prices could hit $10,000 and possibly $20,000 by April 2026. Merlijn The Trader also supports this view, saying ETH is following a rising channel that could push it much higher over time.
Source: cointelegraph.com
