Recent market analysis suggests that Ethereum could soon reach new heights. With the development of a symmetrical triangle and institutional news, forecasts are becoming more optimistic.
Technical Analysis of Ethereum
Veteran trader Peter Brandt has highlighted a developing symmetrical triangle on Ethereum's monthly chart, which could signal significant growth. According to his forecast, a confirmed breakout above the $2,850 to $2,900 resistance range may support a climb towards $5,600 or even $6,000. Recently, Ethereum rebounded from the lower boundary of the triangle, closing May 2025 at $2,314.46, reflecting a monthly gain of over $500.
Comparison with Historical Trends
Other analysts have noted similarities with Ethereum's 2020 chart, where a similar setup led to a significant price surge. The current price structure features a horizontal resistance level matched with a rising support trendline. The latest breakout attempt in 2025 has been accompanied by an increase in buying volume and a strong monthly candle, enhancing the likelihood of continued upward momentum.
Rise of Institutional Interest
Institutional developments have also supported Ethereum's recent gains. BlackRock filed for an Ethereum ETF with staking features, which has bolstered investor confidence and expectations for a new price record in the medium term. On-chain data reveals that accumulation wallets are experiencing their highest inflows since 2017, despite ongoing selling from an early Ethereum ICO participant, who offloaded 1,900 ETH. Nonetheless, whale buying remains dominant.
Current technical indicators and increasing institutional interest create favorable conditions for Ethereum's growth potential. Experts advise keeping a close eye on the developments.
