Ethereum Price Could Reach $19,500 According to Crypto Expert Analysis

Ethereum's price has crossed above $2,800 for the first time since February 2025, briefly reaching $2,870. This increase is attributed to bullish momentum from Bitcoin. Analysts suggest this could signal the start of a larger rally for Ethereum.

Technical Analysis Highlights

The formation of an inverse Head and Shoulders pattern on a two-week candlestick chart indicates potential future growth.
The left shoulder formed in mid-2021 with a peak around $4,870.
The head developed during the bear market between late 2022 and early 2023 at a low of about $1,350.
The right shoulder is currently forming after a rebound from approximately $1,600 in 2025.
The neckline of the pattern is just below the $4,200 resistance level, a crucial breakout point.

Price Projections

Analyst Gert van Lagen predicts Ethereum could reach approximately $19,500, representing over a 600% gain from current levels.
This target is based on technical analysis rather than fundamental changes in Ethereum.
No specific timeline is set for this target, which may take up to four years to achieve.
Currently, Ethereum is trading at $2,772 after a slight retrace from its peak.