The Ethereum (ETH) has once again gained prominence among cryptocurrency market analysts after a new technical assessment indicated that the asset may be in the final phase of a bullish structure that began in 2021. If the pattern is confirmed, the projection points to a price between US$ 12 thousand and US$ 22 thousand in the coming years.
The analysis was shared by the commentator known as NoName, who identified on Ethereum’s chart a technical formation called expanding diagonal. This pattern is composed of five waves, and according to his interpretation, four of them have already been completed.
According to the analyst, the fourth wave found support between US$ 1,072 and US$ 1,385, a region considered essential to validate the entire structure built over the past few years.
“This is the level for which this whole structure was building,” explained NoName.
Chart pattern reinforces bullish projection for Ethereum
According to NoName, expanding diagonals usually end their cycle with a fifth wave capable of surpassing the previous high. Based on this behavior, the analyst believes that the Ethereum price may still post significant appreciation.
To support his thesis, he compared the ETH chart to a historical fractal of the Dow Jones Industrial Average Index (DJIA), highlighting that both structures display similar characteristics.
“Same structure, same resolution,” wrote the analyst. “Wave 5 target: 12 mil a 22 mil.”
In the same post, NoName described Ethereum as "one of the most undervalued assets in the market", stating that the lack of interest from some investors may represent an opportunity for those who follow the asset over the long term.
Another analyst sees ETH at US$ 10 thousand
A similar assessment was presented by analyst Crypto Patel, although based on the Wyckoff accumulation methodology.
In his view, Ethereum could reach US$ 10 thousand between 2027 and 2028, provided it manages to preserve the US$ 1,500 region as support during the next market cycles.
Before thinking about new highs, however, Patel highlights that ETH needs to break through an important resistance zone located between US$ 2,400 and US$ 2,600. For the analyst, this range represents the main obstacle to a more consistent upward trend.
Not everyone expects an immediate rise
Despite the more optimistic sentiment among some analysts, there are different interpretations of ETH's behavior.
The analyst Crypto Rover believes that a historical cycle of 1,369 days could still lead Ethereum to test levels below US$ 1,500 again before the formation of a long-term bottom.
This reading suggests that further fluctuations remain possible, even after the recovery recorded in recent weeks.
At the time of writing, the Ethereum price was trading near US$ 1,850. Despite the decline recorded in the last 24 hours, the asset still posted gains on a weekly basis, while investors watch whether the long-term chart pattern will be confirmed and could support a broader appreciation of ETH methodology.
