Este artículo también está disponible en español.
According to a crypto analyst, the Ethereum price is on the verge of a breakout, and investors who don’t buy it now could be left with regrets later. With technical indicators pointing towards a significant price surge, the analyst forecasts that Ethereum (ETH) could climb as high as $12,000 this bull cycle. Ethereum Price Headed To $12,000?
Prominent crypto analyst Captain Faibik has issueda stark warning to investors, urging them to buy Ethereum at a particular price low or risk entering the market late and regretting it. With Ethereum’s current price actionsignaling a potential bullish breakout, Faibik predicts that the cryptocurrency can hit a new all-time high of $12,000 in 2025. Related Reading Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade 1 month ago
Looking at the analyst’s Ethereum price chart, the timeline for this ambitious projection is set around Q4 2025, more than eight months from now. Faibik indicated that Ethereum has been within a consolidationsymmetrical Triangle for a while and finally looks ready to bottom.
This week, Ethereum appears to have broken through the descending resistance line of the symmetrical triangle, indicating the start of a potential price rebound. Faibik believes Ethereum has likely hit its market bottom at $2,648 and could go up from here. ETH’s path to the $12,000 milestone | Source: Captain Faibik on X
Historically, cryptocurrencies that reach a bottomtend to experience a major rally as prices stabilize and momentum builds after consolidation. In the case of Ethereum, Faibik has highlighted the purported $2,648 price bottom as a key buy-the-dip opportunity.
Furthermore, the analyst suggested that entering the market at this level was crucial, as investors risk missing out on potential gains. Faibik predicts that once Ethereum initiates a bounce back, its price could skyrocket as high as $12,000. This massive rally would represent a 353.7% surge, marking Ethereum’s highest price increase since its previous bull run.
Sharing similar bullish sentiments, Kazi, another crypto analyst on X, forecaststhat Ethereum will reach $12,203. The analyst also highlighted a breakout from a symmetrical triangleas the trigger for this bullish surge to new ATHs. ETH Gas Fees Crash, Sparks Rally Speculations
In other news, Ethereum’s gas feeshave experienced a significant crash, sparking rumours of a potential price rally. Crypto analyst Merlijn the Trader announcedthis report to his over 312,000 followers on X. The analyst revealed that the Ethereum founder, Vitalik Buterin, had previously promised to fix the initial high gas fees, making them more affordable for the network users. Related Reading Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 1 month ago
Now, average Ethereum gas fees are downto 0.794 gwei ($0.04), marking a major decrease from their previous high of 0.873 gwei ($0.05). Due to this unexpected but highly welcomed development, Merlijn the Trader, questions whether the crash in Ethereum’s gas feesis signaling the start of ETH’s next rally. ETH trading at $2,713 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com