Ethereum’s native token, Ether (ETH), surged to over $4,330 this week, marking its highest price since December 2021.
The move represents a roughly 24% gain in just seven days, with analysts eyeing further upside toward the record $4,950 level.
Wyckoff Pattern Signals $6,000 Target
According to analyst Lord Hawkins, ETH is breaking out of a Wyckoff Accumulation pattern after months of consolidating within a large range.
The recent push above $4,200 marks the “Sign of Strength” phase.
Wyckoff theory suggests a potential pullback to a “Last Point of Support” before entering the markup phase, which could target $6,000.
Triangle Breakout Points Toward $8,000
Analysts Crypto Rover and Titan of Crypto note that ETH has broken above the upper trendline of a multi-year symmetrical triangle in the $4,000–$4,200 range.
This technical breakout could signal a move toward $8,000 in the coming months, a gain of more than 90% from current levels.
Historical examples show similar patterns have preceded multi-month rallies, particularly when supported by higher trading volumes.
Potential for $20,000 in Longer Term
Analyst Nilesh Verma sees a potential rally toward $20,000 within the next 6–8 months if historical fractals repeat.
Past instances in 2017 and 2020 saw ETH surge following major bottom retests, with gains of up to 8,000% and 950%.
ETH’s April 2025 bounce from the $1,750–$1,850 zone could mark the beginning of a similar parabolic move.
Other analysts, including Merlijn The Trader, share this bullish outlook, citing Ethereum’s multi-year rising channel.