Thomas Daniels
Ethereum (ETH) has staged a decisive breakout above $4,300, marking its highest valuation since December 2021 and igniting bullish projections that could redefine the cryptocurrency’s trajectory over the next 12 months.
The native token of the Ethereum network surged roughly 24% this week to $4,330, positioning it just below the all-time high of $4,950. Market analysts now anticipate a push beyond this record, with price targets ranging from $6,000 to as high as $20,000.
Wyckoff Accumulation Breakout Targets $6,000
Technical analyst Lord Hawkins points to Ethereum’s emergence from a prolonged Wyckoff Accumulation phase. This multi-month consolidation absorbed sustained selling pressure, creating conditions for a decisive rally once buyers assumed control.
ETH/USD recently breached the $4,200 resistance zone, entering the “Sign of Strength” (SOS) stage. According to Wyckoff theory, a brief pullback—referred to as the “Last Point of Support” (LPS)—often follows. If this support holds, Ethereum could enter the markup phase, where gains accelerate rapidly.
Measuring the accumulation range indicates a potential price objective near $6,000.
Symmetrical Triangle Signals $8,000 Upside
Analysts Crypto Rover and Titan of Crypto note that ETH is breaking above the upper boundary of a multi-year symmetrical triangle, situated between $4,000 and $4,200. This breakout, if confirmed, implies a measured move toward the $8,000 level—representing more than a 90% increase from current prices.
Historically, similar large-scale breakouts on Ethereum’s higher timeframes have triggered extended rallies. A notable example occurred in April 2020, when ETH surged over 950% after breaching a similar triangle formation.
Historical Fractal Suggests $20,000 in Sight
Analyst Nilesh Verma identifies a recurring fractal pattern in Ethereum’s price action. In both January 2017 and April 2020, ETH staged parabolic rallies after retesting a major bottom, delivering gains of over 8,000% and 950%, respectively.
In April 2025, Ethereum rebounded strongly from the $1,750–$1,850 range, replicating the same bottom-retest setup. If this fractal continues to unfold, ETH could reach at least $10,000 in the next six to eight months, with $20,000 possible in an extended bullish scenario.
Popular trader Merlijn The Trader supports this outlook, citing Ethereum’s multi-year rising channel as a technical foundation for such price expansion.
