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Ethereum reclaimed a important method level successful the latest 24-hour trading session, with its terms crossing supra the $2,800 mark and concisely touching $2,870. This absorbing transverse makes it the archetypal clip since February 2025 that Ethereum has traded supra the $2,800 threshold. The determination comes amid rising bullish momentum flowing retired from Bitcoin, and according to caller investigation from a crypto expert, this could beryllium conscionable the beginning of a overmuch larger rally for Ethereum.
Technical Pattern Says Ethereum Could Be Close To $20,000
An interesting method enactment on Ethereum has present caught the attraction of immoderate traders: a classical inverse Head and Shoulders bottom. According to crypto adept Gert van Lagen, who shared his investigation connected the societal media level X, this inverse caput and shoulders is mounting up connected a semipermanent timeframe.
Specifically, Ethereum’s two-week candlestick chart, shared by the analyst, reveals a afloat formed operation with a near enarthrosis successful mid-2021, a pronounced caput that took signifier during the carnivore marketplace successful precocious 2022 to aboriginal 2023, and a close enarthrosis forming passim the 2024 correction into aboriginal 2025.

The near enarthrosis emerged successful mid-2021, erstwhile Ethereum’s terms peaked astir $4,870, past retraced into the year-end. The caput was formed astatine the lows astir $1,350 successful 2022 and 2023. The close enarthrosis is presently successful enactment aft the Ethereum terms rebounded from astir $1,600 successful 2025. Finally, this signifier is besides highlighted by a symmetry astir the neckline drawn adjacent the $4,200 terms region.
Keeping this successful mind, the neckline of the pattern, which is anchored conscionable beneath the $4,200 absorption level, is present the astir important level to interruption above. A confirmed breakout supra this portion could activate the afloat bullish people projected by the method formation.
ETH Price Close To $20,000
According to Gert van Lagen, the two-week head-and-shoulders signifier suggests Ethereum whitethorn beryllium “closer to $20K than astir anticipate.” His terms people calculation follows a classical method methodology. By measuring the vertical region from the head’s lowest constituent to the neckline absorption and past projecting that aforesaid region upward from the neckline, helium arrives astatine a people of astir $19,500, which is much than a 600% gain from today’s terms levels.
In the aforesaid analysis, van Lagen besides highlighted a descending broadening wedge signifier that has been forming since mid-2023. This secondary operation reinforces the conception that Ethereum whitethorn embark connected a importantly larger breakout erstwhile $4,200 is cleared.
However, this projection of $19,500 is based connected the method symmetry of the inverse caput and shoulders pattern, alternatively than cardinal shifts successful Ethereum. Additionally, determination is nary wide timeline for this target; however, based connected the multi-year quality of the inverse caput and shoulders pattern, the terms people whitethorn besides instrumentality up to 4 years to materialize.
At the clip of writing, Ethereum is trading astatine $2,772, having retraced somewhat from $2,870.
Featured representation from Getty Images, illustration from Tradingview.com