Ethereum Poised for Major Rally: Technical Patterns Point to $6,000–$20,000

Ethereum’s recent price action is painting an increasingly bullish technical picture. With ETH currently trading around $2.93K after a -0.64% pullback, multiple converging chart patterns suggest a substantial rally could be on the horizon over the next six to eight months, with price targets ranging from $6,000 to potentially $20,000.

Multi-Year Triangle Breakout Signals $8,000 Target

One of the most compelling setups emerges from Ethereum’s monthly timeframe, where the asset has recently broken above the upper boundary of a long-term symmetrical triangle. This resistance zone, previously located between $4,000–$4,200, represents a critical inflection point.

Using standard breakout measurement techniques, the height of the triangle projects a target around $8,000—more than 2.7x the current price level. Historical precedent supports this bullish scenario. In April 2020, a similar symmetrical triangle breakout preceded a 950% surge in ETH value. The combination of multi-year accumulation followed by decisive breakout confirmation on higher timeframes typically precedes extended rallies lasting several months.

Wyckoff Accumulation Model Targets $6,000

The weekly chart reveals another compelling technical setup based on the Wyckoff method. Ethereum spent several months within a large accumulation range, gradually absorbing selling pressure before finally showing a ‘Sign of Strength’ (SOS) by breaking above $4,200.

According to Wyckoff theory, this phase typically proceeds to a short retest or pullback—the ‘Last Point of Support’ (LPS)—which, if it holds, confirms the start of a new markup phase. The mathematical projection of the accumulation range width calculates to approximately $6,000. This target assumes sustained buying pressure continues through the confirmation phase.

Fractal Patterns Suggest $20,000 Within Six to Eight Months

Perhaps most intriguing is the price fractal comparison showing striking similarities between current price action and two prior bull markets. In both January 2017 and April 2020, Ethereum demonstrated a pattern of sharp recovery after retesting lower support levels—specifically after retesting its primary support zone.

What happened next? Parabolic rallies ensued. The 2017 retest led to an 8,000%+ move, while the 2020 retest generated 950% gains, each sustained for approximately 12 months before peak formation.

In April 2025, Ethereum repeated this exact setup by sharply bouncing from the $1,750–$1,850 support zone, a retesting event that mirrors the historical pattern. If the fractal repeats, a sustained rally extending into April 2026 could materialize, with weighted calculations suggesting a minimum target of $10,000 and an optimistic case of $20,000.

What’s Needed to Confirm the Rally

For these technical targets to materialize, Ethereum needs to sustain a breakout above resistance while confirming support through retesting. Volume confirmation remains essential—breakouts accompanied by expanding volume historically precede stronger moves than those on declining volume.

Macroeconomic conditions also matter. Favorable sentiment in broader markets has historically coincided with multi-month crypto rallies following such technical formations.

The convergence of three independent technical methodologies—triangle breakout, Wyckoff accumulation model, and historical fractals—suggests the probability of material upside has increased significantly from current levels.