According to Cointelegraph, analyst Gert van Lagen pointed out that Ethereum (ETH) is in the "final surge" stage and may move towards the $8,000 price. He found that the current price structure of ETH is strikingly similar to the bull market pattern of the Dow Jones index in 1980.
The analysis is based on the "textbook expanding diagonal" graph, an expanded horn pattern that has provided strong support for Ethereum's major rally since mid-2022. ETH currently trades between the upper and lower boundaries of this pattern and is on track to reach the upper boundary around $8,000 in early 2026.
Technically, ETH has re-established the multi-year uptrend line as support and is consolidating within an ascending triangle pattern. Breaking through the $3900-4150 horizontal resistance zone could trigger a rally towards $7150, close to the target price of the horn pattern.
Analysts said that macroeconomic factors such as the expected Federal Reserve rate cut and continued inflows of ETH ETF funds could support this upward trend.
Analyst: Ethereum is expected to reach a level of around $8,000 in early 2026
2025-07-21 11:06:06
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