Ethereum Price To $12,000? ETH Could Repeat This Bitcoin 2020 Fractal

1 week ago

With the bullish momentum growing successful the cryptocurrency market, the large-cap altcoins person been immoderate of the large beneficiaries of the existent affirmative trend. Ethereum price, specifically, has continued to impress, with the second-largest cryptocurrency reasserting its presumption successful the marketplace implicit the past weeks.

The Ethereum terms displayed important bullish impetus going into the weekend, reclaiming the $4,000 people for the archetypal clip since December 2024. Interestingly, the “king of altcoins” appears to lone beryllium astatine the opening of an extended upward trajectory.

ETH Price To Soar By 182% In The Coming Months: Analyst

In an August 9 station connected the societal media level X, pseudonymous crypto expert Titan of Crypto shared an breathtaking layout for Ethereum that could spot its terms ascent arsenic precocious arsenic $12,000. This affirmative projection is based connected the terms fractals of the world’s largest cryptocurrency by marketplace capitalization, Bitcoin, successful 2020.

In method analysis, fractals notation to the recurring patterns connected a terms chart. These terms patterns often connection penetration into humanities terms movements and tin beryllium utilized to analyse the aboriginal trajectory of a cryptocurrency.

Titan of Crypto revealed that the Ethereum terms is presently astatine the aforesaid spot that the terms of BTC was successful August 2020. At the time, the premier cryptocurrency was trading wrong a converging wedge signifier earlier breaking retired to its past all-time-high price astatine astir $69,000.

As shown successful the illustration above, the Ethereum terms is presently trading wrong a akin converging wedge signifier connected the monthly chart. Both BTC and ETH prices precocious bounced disconnected the little bound of the illustration signifier earlier successful 2020 and 2025, respectively.

Almost identically, the 2 largest cryptocurrencies astir broke supra the trendline with their respective July 2020 and 2025 candlestick. While the terms of BTC hovered astir the precocious trendline successful the consequent 2 months, the Ethereum terms has breached intelligibly supra the wedge signifier with its August candlestick.

If past is thing to spell by, and a sustained monthly adjacent supra $4,000 occurs, the terms of Ethereum could beryllium connected its mode to an unprecedented precocious astir the $12,000 region. This determination represents a imaginable 182% surge for ETH from its existent terms point.

Ethereum Price At A Glance

As of this writing, the Ethereum token is valued astatine astir $4,270, reflecting an astir 6% summation successful the past 24 hours. According to information from CoinGecko, the altcoin is up by much than 25% successful the past 7 days.