From $2,930 to Five-Figure Territory: How ETH Charts Suggest a Major Rally Ahead

Ethereum’s technical setup is flashing bullish signals across multiple timeframes. Despite current price hovering around $2,930—significantly below its December 2021 peak of $4,950—the underlying chart patterns suggest an explosive move may be building. Recent momentum shows ETH rising 24% this week and breaking through the $4,330 mark, reigniting discussions about targets in the $6,000 to $20,000 range within the next 6-12 months.

Long-Term Symmetrical Triangle: Breaking Out With Authority

The clearest signal emerges from Ethereum’s monthly chart, where a multi-year symmetrical triangle finally gave way after years of consolidation. The breakout occurred in the $4,000–$4,200 resistance zone, a decisive breach that chart analysts view as confirmation of accumulation completion.

Using the triangle’s height as a measuring tool, technicians project a minimum target near $8,000—representing over 90% upside from current levels. This measured-move approach has historical precedent. In April 2020, an identical triangle breakout preceded a 950% rally as demand dramatically exceeded supply during the subsequent markup phase.

Wyckoff Accumulation Phase: When Distribution Ends, the Move Begins

Examining the weekly ETH/USD chart reveals textbook Wyckoff accumulation mechanics in play. Over several months, Ethereum absorbed sustained selling pressure within a defined range, gradually absorbing supply until buyers seized control.

The ‘Sign of Strength’ (SOS) emerged when price decisively cleared the $4,200 barrier. According to Wyckoff accumulation theory, this breakout typically triggers a pullback to the ‘Last Point of Support’ (LPS)—a final test that confirms the new uptrend’s legitimacy. Should this support level hold, the markup phase accelerates sharply, with measuring objectives around $6,000 derived from the accumulation zone’s vertical height.

History Repeating: The Fractal Argument for $10,000 and Beyond

Perhaps most compelling is Ethereum’s price fractal—a recurring pattern that historically preceded explosive rallies. The setup appears identical to January 2017 and April 2020: a retest of major support followed by parabolic upside.

In January 2017, retesting the bottom triggered an 8,000%+ advance spanning approximately 12 months. The April 2020 bounce from low levels catalyzed a 950% run that also lasted around a year. ETH completed the same retest pattern in April 2025, bouncing sharply from the $1,750–$1,850 support zone. If the fractal unfolds as history suggests, a sustained rally continuing into April 2026 could carry Ethereum toward a weighted minimum of $10,000, with $20,000 representing the optimistic scenario.

The Convergence Case

What makes the current setup particularly compelling is the alignment across three independent technical frameworks. The triangle breakout, Wyckoff accumulation pattern completion, and historical fractal all converge on a similar narrative: years of consolidation are giving way to a multi-month rally. While technical analysis never guarantees outcomes, the confluence of these patterns has preceded every major Ethereum rally of the past eight years.