Ethereum Price Prediction: Analysts Expect Surge to $5,791 and Beyond
Ethereum’s price action has been closely watched by crypto enthusiasts and investors alike, with many analysts predicting a major surge in the near future. According to MasterAnanda, a technical analyst on the TradingView platform, Ethereum is on the verge of entering its strongest bullish wave in years, with a breakout target starting at $5,791.
The analysis points to Ethereum’s consolidation above the $2,425 support zone over the past two months as an accumulation phase before a potential major breakout. MasterAnanda’s weekly candlestick chart reveals a large ETH wedge pattern with consistently rising lows from June 2022 to April 2025. Despite relatively flat price highs around the March and December 2024 peaks, Ethereum’s recent behavior, characterized by low volatility and sideways movement, suggests a significant market move is imminent.
The recent drop in Ethereum’s price to $1,470 on April 9 followed by a quick rebound and establishment of a rounded bottom formation further supports the bullish outlook. With the current consolidation phase sitting above trendline support, MasterAnanda believes that Ethereum is poised for a powerful bullish wave, targeting a minimum of $5,791 based on the 1.618 Fibonacci extension.
Additionally, the analyst suggests that Ethereum could potentially reach $8,500 or higher in the long term if it breaks above the resistance trendline currently at $4,000. This prediction is supported by improving fundamentals and on-chain data indicating accumulation through Spot Ethereum ETFs.
In a separate analysis, crypto analyst Ted Pillows highlighted a Wyckoff accumulation pattern playing out on Ethereum’s weekly chart. Pillows identified the selloff to $1,470 in April as the “Spring” phase of Wyckoff accumulation, followed by a successful “Test” of a September 2024 support level around $2,145, and a gradual move back to resistance.
According to Pillows’ projection, Ethereum’s breakout will occur in stages, with a push to $3,000, followed by a correction, and a rise to $4,000 in Q3. Only after these steps will the parabolic leg truly begin, potentially taking Ethereum above $5,700.
Both MasterAnanda’s and Pillows’ analyses align closely, suggesting a minimum target of $5,791 for Ethereum’s price surge. Just as the Wyckoff accumulation pattern propelled Bitcoin to its most recent all-time high, Ethereum may be on the brink of its own spotlight moment in the ongoing 2025 bull cycle.
As of the time of writing, Ethereum is trading at $2,516, with the potential for significant upside in the coming months. Stay tuned for more updates on Ethereum’s price action as it gears up for a potential surge to new heights.
Featured image from Unsplash, chart from TradingView.