Ethereum Could Go Beyond $10,000 - Technical Analysis Suggests Multi-Phase Rally

Market Overview: Ethereum (ETH) is currently trading at $2.93K, showing a 7-day decline of -2.19% from recent momentum. However, technical patterns suggest the groundwork for a substantial rally may already be in place, potentially pushing ETH beyond $6,000 and targeting $10,000 to $20,000 within the next 6-8 months.

Historical Fractals Point to Explosive Growth Potential

Ethereum’s price action mirrors critical turning points from previous bull cycles. In both January 2017 and April 2020, ETH experienced sharp reversals after retesting key support levels, triggering parabolic advances that lasted approximately 12 months.

The 2017 cycle saw a retest of the lower support zone, followed by an 8,000%+ rally. The 2020 breakout from a similar accumulation setup produced a 950% move. Most significantly, ETH recently exhibited this identical ‘retest-and-bounce’ pattern in April 2025, bouncing sharply from the $1,750–$1,850 range.

If this fractal repeats as expected, a sustained advance could unfold through April 2026. The weighted fractal measurement targets a minimum of $10,000 in the base case scenario, with $20,000 achievable under peak bullish conditions. This setup suggests ETH has entered the early stages of what could be a multi-month markup phase.

Symmetrical Triangle Breakout Signals 90%+ Upside

On the monthly timeframe, ETH recently broke above the upper boundary of a multi-year symmetrical triangle, positioned in the $4,000–$4,200 zone. This level represents a critical ‘Sign of Strength,’ indicating that buyers have seized control from sellers.

The measured move of this triangle—calculated from its maximum height—projects a price target near $8,000. This implies approximately 170% upside from current levels. Historically, when such long-term triangle breakouts occur on higher timeframes accompanied by volume confirmation and favorable macro sentiment, they typically spark powerful multi-month rallies. The April 2020 triangle breakout exemplifies this pattern, eventually delivering 950% returns as the move extended beyond the initial target.

Wyckoff Accumulation Model Targets $6,000

ETH/USD has been consolidating within a large accumulation range over several months, absorbing steady selling pressure while buyers gradually accumulated. According to Wyckoff methodology, this phase often concludes with a decisive breakout once accumulation is sufficient.

The recent push above the $4,200 resistance zone represents the ‘Sign of Strength’ phase in the Wyckoff framework. Typically, this signal is followed by a brief retracement—the ‘Last Point of Support’—which, if held, confirms the start of a markup phase where buying accelerates as supply constraints tighten.

Measuring the height of the entire accumulation range yields a technical projection of approximately $6,000, establishing the first major milestone in the anticipated advance. Beyond this level, the path opens toward higher targets as the markup phase gains momentum.

Key Takeaways

Three independent technical frameworks converge on a bullish case:

1. Fractal repetition suggests $10,000–$20,000 within 6-8 months
2. Triangle breakout targets $8,000, representing 170%+ upside
3. Wyckoff accumulation projects initial resistance near $6,000

While short-term volatility remains expected, the confluence of these patterns, combined with historical precedent, supports the thesis that Ethereum could go beyond the $10,000 mark. Current price weakness actually reinforces the early-stage nature of the setup, offering potential entry opportunities before the advance accelerates.