Ethereum Traders Say Eth Price Setting Up “Biggest Move of the Cycle” to $16K

Key takeaways:

  • Ether runs into resistance at $4,000, but strong technicals and rising institutional demand could drive ETH into price discovery.

  • Ether’s ascending triangle pattern targets an ETH price of as high as $16,700.

Ether (ETH) trades 23% below its $5,000 all-time high reached in November 2021, as the $4,000 level remains the key resistance to break.

Multiple analysts believe the largest altcoin is ready for a breakout that will usher in “its biggest move of the cycle.”

Ether technicals target a five-digit ETH price

ETH price has already risen by over 300% since establishing a cycle low of around $880 in June 2022. In doing so, its price has painted several chart patterns in the monthly time frame, suggesting an impending upside breakout.

Related: Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Popular crypto investor Ivan On Tech shared a chart showing Ether seeking a breakout from a symmetrical triangle, signaling a massive upward move once it is confirmed.

The measured target of the triangle was $7,709, or a 105% price increase from the current levels.

ETH/USD monthly chart. Source: Ivan on Tech

“Ethereum coiling up for its biggest move of the cycle,” analyst Bitcoinsensus said about Ether’s symmetrical triangle pattern on the monthly chart, adding:

“You are not ready for what’s coming.”

Popular crypto analyst Mikycrypto Bull shared a chart showing ETH price action has also formed an ascending triangle in the same time frame over a five-year period.

“Ethereum is set for a macro breakout. It will spark off a huge altseason if it happens,” the analyst said in a Wednesday post on X, adding:

 “A very critical moment for Ethereum.”

The pattern will resolve once the price breaks above the triangle’s resistance line at $4,000. If this happens, the price could rise by as much as the maximum distance between the triangle’s trendlines.

That puts Ether’s breakout target for 2025–2026 at about $16,700, up by more than 350% from current price levels.

ETH/USD monthly chart. Source: Cointelegraph/TradingView

The moving average convergence divergence (MACD) indicator has produced a “bullish cross” on the monthly chart.

Previous instances show that ETH tends to rise sharply when the MACD line (blue) crosses above the signal line (orange). The gains were 2,000% during the 2020-2021 cycle and 130% in Q4/2023.

“Ethereum is setting up for a monster move, with a massive bullish monthly candle and fresh MACD crossover,” said analyst Merlijn The Trader, adding:

“Break $4,200 and $ETH will rip like in 2021.”

Several analysts are optimistic of an ETH price rally into the five-digit territory, with pseudonymous trader DeFi Dad saying the altcoin could reach as high as $30,000 based on its recent performance.

Spot Ether ETFs see 18 straight days of inflows

Tuesday’s $218 million net inflow into Spot Ether ETFs marks an 18-day streak of positive inflows, totaling over $5.3 billion since July 2.

Cumulative net inflows into these investment products now exceed $9.6 billion since their July 2024 launch

Spot Ethereum ETF flows. Source: SoSoValue

Additionally, Ether treasury companies like SharpLink Gaming, which has acquired a total of 438,000 ETH worth more than $1.69 billion, are bolstering demand by integrating ETH into corporate balance sheets.

This institutional buying, coupled with ETF inflows, suggests a demand-supply imbalance, according to Bitwise CIO Matt Hougan, as Ethereum’s network issues only 800,000 ETH annually against a projected $20 billion demand

Strong ETF inflows, corporate accumulation, and Ethereum’s fundamentals support a strong bullish case for Ether’s price trajectory. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.