Ethereum On Multi-Year Breakout: 2x Price Target

Share IT

With multiple golden crosses and bullish momentum continuing, ETH could reclaim and exceed its prior all-time highs. Fibonacci targets suggest potential levels of $5,200 to $6,000 as the next logical milestones. AI models are even projecting a possible surge to $5,000 by late August

In this article, we will look at Eth next target and latest news.


Ethereum Next Target

  • Current Price: approximately $4,709 per ETH (intraday range: $4,477โ€“$4,724)
  • Market Capitalization: roughly $562โ€“566 billion, based on circulating supply (~120.7 million ETH)
  • 24-Hour Trading Volume: around $63โ€“64 billion
  • Circulating Supply: about 120.7 million ETH
  • Max / Total Supply: Not available; Ethereum is uncapped and inflationary in nature
Ethereum Next Target

ETH has broken out of a multi-year symmetrical triangle on the weekly chart, signaling a major bullish move. Price is now testing the $4,877 resistance zone, just below its all-time high.

A breakout and successful retest above this level could open the door for a strong rally toward new highs.


Key Indicators & Technical Signals Used for Forecasting

  • Golden Cross (Weekly Chart): A rare bullish crossover where the 23-week moving average has crossed above the 200-week averageโ€”often followed by sustained upward momentum
  • Golden Cross (ETH/BTC Pair): The 50-day SMA has crossed above the 200-day SMA relative to Bitcoin, historically a bullish signal for Ethereumโ€™s performance
  • Momentum & Resistance Levels: ETH has broken above the $4,000 mark and is now approaching previous all-time highs near $4,700โ€“$4,900, with Fibonacci extension targets around $5,200 and $6,000
  • Netflows (30-Day SMA): Net outflows averaging ~40,000 ETH per day over the past month indicate strong conviction from holders, supporting continued bullish momentum

Forecast Outlook

  • Macro & Institutional Optimism: Standard Chartered raised its year-end ETH forecast to $7,500, citing institutional adoption, ETF potential, and expansion within the stablecoin ecosystemโ€”anticipating a total addressable market that could expand 8ร— by 2028.
  • Outlook from Fundstrat (Tom Lee): Fundstrat analysts foresee ETH potentially reaching $10,000, with upside to $12,000โ€“$15,000 before the end of 2025โ€”assuming momentum and institutional usage continue growing.
  • Bearish/Alternative Scenario: While momentum remains strong, market saturation, regulatory actions, or sudden macro shocks could temper expectations. However, current indicators point decidedly toward bullish continuation.

Latest News Highlights

  • Market Rally & Macro Tailwinds: ETH surged 6.6% to ~$4,690 as softer U.S. inflation data renewed hopes for a Fed rate cut. This broader optimism also buoyed stocks and other crypto assets.
  • Institutional Buying Accelerates: Digital asset treasury firms like Bitmine Immersion Technologies and Sharplink Gaming have been steadily accumulating ETH, helping drive prices above $4,400.
  • NFT Ecosystem Booms: Ethereumโ€™s rise above $4,600 propelled the NFT market cap up by ~40%, reinforcing ETHโ€™s catalytic role in digital asset value creation.
  • Altcoin Spotlightโ€”RTX & Infrastructure Diversification: While Ethereum remains a strong store of value with institutional momentum, newer projects like RTX (PayFi-focused) are generating buzz with fast-growing fundraising and real-world utility.
  • Long-Term Perspective: A recent analysis reminds investors to maintain balanceโ€”crypto remains transformative, but predictions of radical financial overhaul must be tempered with realism.

Share IT
Harsh Panghal
Harsh Panghal

Get Daily Updates

Crypto News, NFTs and Market Updates

Can’t find what you’re looking for? Type below and hit enter!