Ethereum News Today: Ethereum Surpasses $4,330 on 24% Weekly Gain Triggering Bullish Outlook

Ethereum’s native token, Ether (ETH), has surged past $4,330, marking its highest level since December 2021 and reflecting a nearly 24% increase over the past seven days [1]. This upward movement has sparked renewed interest among investors and analysts, many of whom believe that the price could continue to rise significantly. With ETH now breaking above critical resistance levels, several technical indicators suggest the potential for a sustained bullish trend.

According to analyst Lord Hawkins, Ethereum has emerged from a Wyckoff Accumulation pattern after months of consolidation. The recent push above $4,200 is seen as the “Sign of Strength” phase within this pattern, with Wyckoff theory suggesting a pullback to a key support level could precede a stronger upward move [1]. If this pattern holds, the next major target could be $6,000.

Crypto analysts Crypto Rover and Titan of Crypto have also noted that ETH has broken above the upper trendline of a multi-year symmetrical triangle, a bullish signal that could drive the price toward $8,000 in the coming months [1]. Historical data shows that similar breakouts have led to extended rallies, especially when accompanied by increased trading volume. Analysts suggest that the current move could follow a similar trajectory, particularly given the broader market context.

Looking further ahead, some analysts see even greater potential. Nilesh Verma forecasts a potential rally toward $20,000 within 6–8 months, assuming that historical fractal patterns repeat [1]. He points to past surges in 2017 and 2020, where Ethereum experienced massive gains following key support retests. The recent ETH bounce from the $1,750–$1,850 range in April 2025 may represent the starting point of a similar parabolic move [1]. Analyst Merlijn The Trader aligns with this view, noting that Ethereum remains within a long-term rising channel and is positioned for continued growth.

The broader crypto market appears to be responding positively to Ethereum’s strength. A $20,000 ETH price would place the asset's market capitalization below Bitcoin’s, indicating that Ethereum still has room to grow even if it does not surpass Bitcoin in market cap [1]. Analysts emphasize that Ethereum’s growing adoption in Web3, decentralized finance, and tokenized real-world assets could further support its long-term value proposition.

While optimism is rising, analysts caution that volatility remains a key factor in the crypto space. Investors are advised to monitor both technical and fundamental developments closely to navigate potential price swings [1]. The convergence of strong technical signals and a maturing ecosystem suggests that Ethereum is transitioning from speculative hype to genuine mainstream adoption.

Source:

[1] https://crypto.news/1k-in-these-three-eth-based-cryptos-could-deliver-20k-profit-before-ethereum-hits-6k/

[2] https://www.reddit.com/r/ethtrader/comments/1mkw67k/ethereum_breaks_4k_and_this_time_its_different/