Key Summary:
Ethereum faces resistance at $4,000, but strong technical indicators and growing institutional demand may push ETH into a price discovery phase.
The ascending triangle pattern suggests that ETH prices could reach as high as $16,700.
Ethereum (ETH) is currently trading 23% below its all-time high of $5,000 set in November 2021, with the $4,000 level remaining a key resistance that needs to be broken.
Multiple analysts point out that this largest altcoin is poised for a breakout that could initiate "the biggest market movement of this cycle."
Since establishing a cycle low of around $880 in June 2022, ETH's price has risen over 300%. During this process, it has formed multiple chart patterns on the monthly timeframe, indicating an imminent upward breakout.
Notable cryptocurrency investor Ivan On Tech shared a chart showing that Ethereum is seeking to break out from a symmetrical triangle, which, once confirmed, would signal the start of a massive upward trend.
The measured target of this triangle pattern is $7,709, representing a 105% increase from the current price level.
Analyst Bitcoinsensus commented on the symmetrical triangle pattern on Ethereum's monthly chart, stating, "Ethereum is gearing up for the biggest market movement of this cycle." He further added:
Renowned crypto analyst Mikycrypto Bull shared a chart showing that ETH's price action has also formed an ascending triangle over a five-year period within the same timeframe.
The analyst noted in a post on the X platform on Wednesday, "Ethereum is ready for a macro breakout. If this breakout occurs, it will trigger a massive altcoin season." He further emphasized:
Once the price breaks the $4,000 resistance line of the triangle, the pattern will be resolved. If this happens, the price could rise by an amount equivalent to the maximum distance between the triangle's trend lines.
This sets Ethereum's breakout target for 2025-2026 at around $16,700, over 350% higher than the current price level.
The Moving Average Convergence Divergence (MACD) indicator on the monthly chart has generated a "bullish crossover" signal.
Past cases show that when the MACD line (blue) crosses above the signal line (orange), ETH tends to rise significantly, with increases of 2,000% during the 2020-2021 cycle and 130% in the fourth quarter of 2023.
Analyst Merlijn The Trader stated, "Ethereum is preparing for a massive market movement, with a strong bullish candle and a new MACD crossover appearing on the monthly chart." He added:
Several analysts are optimistic about ETH's price entering the five-digit range, with pseudonymous trader DeFi Dad suggesting that based on its recent performance, this altcoin could peak at as high as $30,000.
On Tuesday, net inflows into spot Ethereum ETFs reached $218 million, marking 18 consecutive days of net inflows, with a total net inflow exceeding $5.3 billion since July 2.
Since their launch in July 2024, the cumulative net inflow into these investment products has now surpassed $9.6 billion.
Additionally, Ethereum treasury companies like SharpLink Gaming have acquired a total of 438,000 ETH, worth over $1.69 billion, to enhance market demand by integrating ETH into their corporate balance sheets.
Bitwise Chief Information Officer Matt Hougan pointed out that this institutional buying behavior, combined with ongoing ETF inflows, highlights the current supply-demand imbalance in the market, as the Ethereum network only issues 800,000 ETH annually, while market demand is expected to reach $20 billion.
Strong ETF inflows, corporate accumulation, and Ethereum's solid fundamentals collectively build a strong bullish foundation for the future price movement of Ethereum.
$ETH ISN’T WAITING. THE STARS ARE ALIGNING.– $5.15B in ETF inflows (16 days straight)– Adopted as a treasury reserve asset– +176% recovery from the lowsThis isn’t retail hype, it’s institutional conviction.Ethereum is no longer a bet. It’s infrastructure.It’s the… pic.twitter.com/gUnH6GW04R
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Original: “Viewpoint: Ethereum Traders Expect ETH Price to Reach $16,000 This Cycle”
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