Ethereum Price Targets $4,000 Following Bullish Channel Pattern
Crypto analyst BasicTrading identified a bullish pattern for Ethereum, suggesting a potential rally to $4,000. This follows a period of underperformance in the current market cycle.
Key Insights on Ethereum Price Movement
- A breakout to $4,000 may occur due to a rising channel pattern.
- ETH has tested previous all-time high resistance without breaking it.
- Analysts anticipate that surpassing $4,000 could lead to new highs, possibly exceeding $4,800.
- BasicTrading noted potential price targets between $20,000 and $25,000 if historical trends repeat.
- Clear breakout above the current ATH is essential for reaching higher targets.
Additional Bullish Predictions
- CrediBULL Crypto forecasts a minimum price of $10,000 for ETH in this market cycle.
- Mikybull Crypto predicts an eventual rise to $12,000.
- The current trading price of Ethereum is around $3,400, reflecting a 5% increase in the last 24 hours.
