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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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ETH Breaks Through the $4,000 Mark, Analysts Forecast a Rise to $12,000 – A Chance of X182% is Coming
With strong growth momentum in the crypto market, large-cap altcoins are one of the main beneficiaries of the current positive trend. Specifically, the price of Ethereum continues to impress, as this second-largest cryptocurrency has reaffirmed its position in the market in recent weeks. The price of Ethereum has shown significant upward momentum over the weekend, reclaiming the $4,000 mark for the first time since December 2024. Interestingly, the "king of altcoins" seems to be only in the early stages of a prolonged bullish trajectory. ETH Will Surge 182% in the Coming Months: Analyst In a post on August 9 on the social media platform X, the anonymous cryptocurrency analyst Titan of Crypto shared an interesting prediction about Ethereum, suggesting that its price could rise to as much as $12,000. This positive forecast is based on the price fractals of Bitcoin, the largest cryptocurrency in the world by market cap, in 2020. In technical analysis, fractals refer to repeating patterns on price charts. These price patterns often provide insights into historical price movements and can be used to analyze the future trajectory of a cryptocurrency. Titan of Crypto reveals that the price of Ethereum is currently at the same price level as BTC in August 2020. At that time, this leading cryptocurrency was trading in a converging wedge pattern before skyrocketing to its then all-time high of around 69,000 dollars.
As shown in the chart above, the price of Ethereum is currently trading within a similar converging wedge pattern on the monthly chart. The prices of BTC and ETH recently bounced off the lower boundary of the chart pattern at the beginning of 2020 and 2025. Almost identical, the two largest cryptocurrencies have nearly surpassed the trend line with the candles of July 2020 and 2025, respectively. While the price of BTC fluctuated around the upper trend line in the following two months, the price of Ethereum clearly broke above the wedge pattern with the candle of August. If we look at history, and if the monthly closing price remains above $4,000, the price of Ethereum could be on track to reach an unprecedented high around $12,000. This move indicates that ETH has the potential to surge 182% from its current price.