TLDR
- Ethereum is currently trading around $2,062 after a period of consolidation
- Two crypto analysts predict ETH could reach between $10,000 and $20,000 based on fractal analysis
- Technical indicators show successive higher highs and higher lows, signaling a potential bullish trend
- Ethereum ETF outflows have been decreasing, reaching zero on Monday
- A breakout above $2,166 could trigger a rally toward $3,000 and potentially $4,000 in April
Ethereum is showing promising signs of a possible breakout despite a disappointing performance in the first quarter of 2025. Trading at $2,062 as of March 26, ETH has formed technical patterns that some analysts believe could lead to five-digit price targets in the future.
ETH Price
The current price action shows ETH forming higher highs and higher lows on daily charts. This pattern suggests buyers are attempting to reverse the recent bearish trend.
Ethereum has recently tested the $2,100 resistance level and is now pulling back to establish a stronger foundation. Market watchers believe that as long as ETH forms a higher low above $1,934, the bullish trend will remain intact.
For the bullish outlook to gain momentum, Ethereum needs to overcome key resistance levels at $2,100 and $2,166. Breaking through these barriers could open the path for rallies of 20%, 28%, and 40% to reach $2,600, $2,770, and $3,000 respectively.
Technical Analysis
Two crypto analysts have shared fractal analyses that point to much higher targets. The first analysis identifies a “1, 2, 3 bounce pattern” similar to what occurred in 2017, 2018, and 2020, which could lead to a price between $10,000 and $11,000.
The second analyst has spotted a declining broadening wedge pattern. This technical formation typically signals the end of a downtrend and the beginning of a strong upward movement, with a potential target around $20,000.
Analyst Gert van Lagen has identified a complex Inverse Head and Shoulders (iH&S) pattern on weekly charts. This classic bullish reversal structure often marks the end of a downtrend.
$ETH [1W] bounces off the ~$1800-$2000 support range while having formed a complex iH&S structure, targeting ~$18k.
This support level acted as resistance during the 'head' phase. Now price successfully retested it as support.
Now the Left and Right shoulders are well-aligned. pic.twitter.com/909aRoeajD
— Gert van Lagen (@GertvanLagen) March 24, 2025
According to van Lagen’s analysis, the left shoulder of this pattern formed from 2021 to 2022. The head developed from 2022 to 2023 during the market downturn, while the right shoulder formed in 2024.
The most important level to watch in this pattern is the neckline at approximately $3,978. A breakthrough above this resistance with strong volume could validate the pattern and potentially push ETH toward an $18,000 target.
Supporting the bullish outlook are CME gaps at $2,623, $2,888, $3,237, and $3,930. These unfilled price gaps on futures charts often act as magnets for price action.
Ethereum ETF Flows
Ethereum ETF outflows have been declining since February 26 and reached zero on Monday. If this trend continues and turns into inflows, it could add buying pressure to ETH.
Data from CoinGlass shows approximately $701 million worth of short positions would face liquidation if Ethereum hits $2,114. Such forced closures would require investors to buy back their positions, adding further upward pressure on price.
It’s worth noting that Ethereum has had one of its most challenging starts to the year. ETH has experienced a year-to-date decline of 43%, making it the second-worst first quarter performance in its history.
This poor performance stands in stark contrast to Bitcoin and XRP, which have seen gains of 23% and 279% respectively during the same period. Market expert Lark Davis highlighted this downturn in a recent social media update.
Despite the recent struggles, historical data shows that Ethereum has averaged a 66% surge during the second quarter since 2016. If this pattern continues, ETH could climb to $3,200 in the coming months.
For the immediate term, analyst Ali Martinez identifies $2,300 as a critical resistance level that Ethereum must overcome for a sustained recovery. ETH has reclaimed its realized price of $2,040, which is a positive sign.
While short-term challenges persist, Ethereum’s long-term outlook remains positive according to many analysts. The current technical patterns, decreasing ETF outflows, and potential short squeeze could combine to fuel a strong recovery in the coming months.
