Ethereum has recently shown remarkable performance, with its price breaking through multiple technical indicators, sparking market discussions. This week, the price of Ethereum surged by about 24%, briefly reaching a high of $4,330, marking a new high since December 2021.

Market analysts are optimistic about the future trend of Ethereum. Some experts point out that Ethereum is breaking out of the Wyckoff accumulation pattern and is expected to test the $6,000 mark in the short term. Currently, Ethereum has successfully broken through the key resistance level of $4,200, entering a strong upward phase.

Another analyst noted that Ethereum has broken through the upper trend line of the symmetrical triangle, setting a more aggressive target price of $8,000, which would mean an increase of over 90% from the current price. Historical data shows that Ethereum often experiences significant gains after breaking through long-term resistance.

Analysts boldly predict that if historical price patterns repeat, Ethereum is expected to rise to a high of $20,000 within 6 to 8 months. This prediction is based on the possibility that Ethereum could strongly rebound after retesting bottom support in April 2025 and continue to rise until April 2026.

However, investors still need to be cautious and closely monitor whether Ethereum can break through the historical high of $4,950, as this will be key to validating the sustainability of the current rally. Despite the high market sentiment, the high volatility of the cryptocurrency market cannot be overlooked, and investment decisions should be based on comprehensive market analysis and individual risk tolerance.