Ethereum Breakouts Signal Rally to $6K, $10K–$20K
Ethereum price (ETH) has surged above $4,200, marking a Wyckoff Accumulation “Sign of Strength” and a symmetrical triangle breakout. This week’s 24% rally to $4,330 – the highest since December 2021 – confirms bullish momentum. Technical targets include $6,000 from the Wyckoff setup and $8,000 from the triangle breakout. Historical price fractals from January 2017 and April 2020 suggest a potential rise to $10,000–$20,000 within 6–8 months after bottom retests near $1,750–$1,850. Traders should monitor volume spikes, pullback confirmations like the Last Point of Support, and macro sentiment to refine entry and exit points for this Ethereum price rally.
Bullish
Multiple technical breakouts and bullish patterns indicate a strong uptrend for Ethereum. The Wyckoff Accumulation breakout above $4,200 and the symmetrical triangle breakout confirm upward momentum, targeting $6,000 and $8,000 respectively. The 24% weekly surge to $4,330 underscores short-term bullish momentum. Historical price fractals from 2017 and 2020 suggest a sustained rally to $10,000–$20,000 over the next 6–8 months, indicating long-term upside. Traders are likely to view pullback confirmations and volume spikes as entry points, reinforcing a bullish outlook for Ethereum price in both the short and long term.