Ethereum breaks through 4,000 USD, ETH analysts are bullish up to 20,000 USD

Ethereum (ETH) has seen a surge in bullish market sentiment after breaking through $4,000. Last week, ETH rose by approximately 24%, reaching over $4,330, marking a new high since December 2021. Several analysts believe that the technical patterns and historical fractals of ETH indicate that the price is expected to challenge $6,000 in the short term, $8,000 in the medium term, and even reach $20,000 within a year.

Wyckoff pattern breakout, target price $6,000

(Source: Trading View)

Analyst Lord Hawkins pointed out that ETH has broken through the key resistance level of $4,200 in the long-term Wyckoff accumulation pattern, a stage known as the "Sign of Strength" (SOS).

According to Wyckoff theory, a brief pullback usually occurs after a breakout, known as the "Last Point of Support" (LPS), to confirm the new upward trend. Once the LPS is established, the price will enter an accelerated rising phase, with a technical target price close to 6,000 USD.

Symmetrical triangle breakout, aiming for 8,000 USD

(Source: Trading View)

Analysts Crypto Rover and Titan of Crypto have both observed that ETH has broken through the upper boundary of a multi-year symmetrical triangle (the $4,000-$4,200 range).

According to technical calculations, the potential pump after the breakout is equivalent to the height of the triangle, with a target price around $8,000, representing an increase of over 90% from the current price.

Historical data shows that ETH surged over 950% during a similar breakout in April 2020, reaching the expected target within a few months.

Historical fractals point to $20,000

(Source: Trading View)

Analyst Nilesh Verma pointed out that the current trend of ETH is highly similar to the "bottom retest" fractals of 2017 and 2020.

In these two historical trends, ETH rose by over 8,000% and 950% respectively after retesting the major support levels, and it took about 12 months to reach the peak.

In April 2025, ETH strongly rebounded from the $1,750-$1,850 range again. If the fractal holds, the price is expected to reach at least $10,000 before April 2026, and in the best case, even challenge $20,000.

Famous analyst Merlijn The Trader also believes that ETH has entered a multi-year bullish channel, with a long-term target also pointing to $20,000.

Short, Medium, and Long-term Outlook

Short term: If LPS is established, ETH is expected to quickly surge to 6,000 USD.

Mid-term: The target for the symmetrical triangle breakout is $8,000.

Long-term: Historical fractals and upward channels indicate that challenging $20,000 within the next year is not impossible.

Market observers remind that although the technical indicators are extremely bullish, investors still need to pay attention to external factors such as the macroeconomy, regulatory policies, and market liquidity.

Conclusion

Ethereum has broken through the 4,000 USD mark, and both technical analysis and historical fractals indicate higher price points. The upward potential for ETH from 6,000 USD to 8,000 USD, and potentially to 20,000 USD, is being viewed positively by multiple analysts. For investors, this may be the beginning of a new bullish market, but it is also important to remain cautious amid the optimistic sentiment.