This week, Ether (ETH) surged by over 24%, reaching $4,330. This rise is the most significant since December 2021, with analysts forecasting further price increases.
Rapid Rise of ETH to $4,330
Ether (ETH) has reached a price of $4,330, representing an approximately 24% gain over the past week. Analysts are looking at the possibility of further increases towards the record level of $4,950.
Wyckoff Pattern Predictions
Analyst Lord Hawkins states that ETH is breaking out of a Wyckoff Accumulation pattern after months of consolidation. The recent push above $4,200 signals the "Sign of Strength" phase. Wyckoff theory suggests a potential pullback to a "Last Point of Support" before entering the markup phase, potentially targeting $6,000.
Long-Term Prospects for Ethereum
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, over 90% above current levels. Analyst Nilesh Verma sees a potential rally towards $20,000 within 6–8 months if historical fractals repeat.
The current momentum and expert evaluations suggest that Ethereum may reach significant levels in the coming months, providing investors with working lines for analysis.
