Ethereum surged to $4,300! Technical patterns suggest a potential impact of new highs between $10,000 and $20,000.

Ethereum (ETH) is currently in a strong bull run, with prices stabilizing above $4,300 and a gain of up to 21.5% over the past week. Several top technical analysts have noted that ETH has broken through a key pattern, potentially hitting $6,000 in the coming months and even challenging the historical high range of $10,000 to $20,000 within six to eight months. However, in the short term, the resistance level of $4,400 will be a critical test for whether the long positions can maintain their momentum.

Wyckoff Accumulation Pattern: $6,000 in sight

(Source: Trading View)

Technical analyst Lord Hawkins pointed out that ETH is breaking through the typical Wyckoff accumulation pattern, which after months of absorbing selling pressure has recently shown a "strong signal" (SOS) at $4,200.

Pattern logic: After a breakout, it is usually accompanied by a brief pullback to confirm an upward trend.

Potential target: If the pattern holds, ETH is expected to enter a supply shortage phase, pushing it up to $6,000, an increase of about 39% from the current price, and refreshing the historical high of $4,950.

Multi-year symmetrical triangle breakout: Targeting 8,000 USD

Analysts Crypto Rover and Titan of Crypto have discovered that ETH has broken out of a symmetrical triangle that has lasted for years, with the breakout range located between $4,000 and $4,200.

Technical Analysis: The estimated target price based on the pattern is approximately 8,000 USD, with a pump of over 90%.

Historical reference: In April 2020, ETH experienced a similar breakout, followed by a 950% increase, demonstrating the explosive power when long-term patterns align with volume and market sentiment.

Fractal Analysis: The Ultimate Potential of $20,000

Analyst Nilesh Verma's fractal study shows that the current trend of ETH is highly similar to the early stages of the bull run in 2017 and 2020.

Historical pump: rose over 8,000% in 2017, and rose 950% in 2020.

Current situation comparison: In April 2025, ETH is expected to rebound strongly from the range of 1,750-1,850 USD. If the fractal is established, it is anticipated to reach the range of 10,000-20,000 USD by April 2026.

On-chain data: medium-term bullish, short-term cautious

Overall ESR (Exchange Supply Ratio): has continuously decreased to 0.16 since 2022, indicating weakened selling pressure.

Binance ESR: Rising to 0.04 since early 2025, recent net inflows have increased, suggesting that some funds may take profits in the short term.

Short-term key levels:

Breaking through 4,400 USD → is expected to challenge 4,800 USD, starting a new round of pump.

Failed to break through → or retrace to the support zone of 3,950-4,000 USD.

Ethereum Price Prediction Summary

Short-term target: $4,800 (after breaking through $4,400)

Medium-term target: $6,000-8,000 (Wyckoff pattern and triangle breakout)

Long-term potential: $10,000-20,000 (fractal analysis)

Conclusion

Ethereum is standing at the threshold of a historic breakthrough. From the Wyckoff accumulation pattern to the multi-year triangle breakout, and to fractal analysis, the technicals paint a potential path for ETH towards $20,000. However, in the short term, the resistance level at $4,400 will be the first test for long positions. If it can break through smoothly, ETH may usher in a new round of epic pump.