Analyst Predicts ETH Could Reach $16,000 with Institutional Support

Ether (ETH) is currently trading around $3,800, with bullish price targets emerging on social media. Analyst Edward suggests a potential rise to $15,000–$16,000 based on an ascending triangle formation in the monthly chart, similar to conditions before a previous 2,000% rally in 2020.

Key points from Edward's analysis:

A breakout above $4,000 could trigger significant upward movement.
Institutional accumulation and successful ether ETFs are driving demand.
ETH's volatility has decreased, indicating long-term investor positioning rather than retail-driven activity.
Spot ETH ETF flows have reached over $5.3 billion over 18 consecutive days since July.
Ethereum's role as programmable collateral supports its position in a multi-chain economy.

However, some analysts, including Michaël van de Poppe, note that ETH may face short-term resistance around $4,000 before a possible correction. Despite this, he views any pullback as a healthy pause in a broader altcoin bull cycle expected over the next 12 to 24 months.

Current technical analysis indicates:

ETH gained 1.01% in the last 24 hours, rising from $3,762.87 to $3,800.85.
Trading range was 4.87%, with a low of $3,693.42 and a high of $3,873.39.
A V-shaped recovery occurred after a dip to $3,685.69, suggesting institutional buying.
Consolidation was observed between $3,825.22 and $3,842.71 in the final hour of trading.