Ethereum is regaining traction after a significant market downturn. Though the Ethereum price is currently experiencing a marginal decline, analysts remain confident about its potential uptrend. Identifying critical patterns emerging in Ethereum’s price chart, market experts foresee a staggering 458% surge in ETH.

Ethereum Price Targets $15,000: Is a Breakout Imminent?

Though Ethereum is currently trading below the $3,000 range, experts remain bullish about the altcoin’s future performance. In a recent X post, analyst Crypto Rover predicted Ethereum price’s bullish ascendance to $15,000. He stated, “ETH will teleport over $15,000.”

In addition, positing that ETH is undervalued, Crypto Rover highlighted the token’s potential price points. According to the chart presented by him, ETH could breakout above $7000 in the near term.

Crucial Patterns Identified: What’s Next?

Significantly, expert CryptoGoos identified a head and shoulders pattern in Ethereum’s weekly chart. While the pattern typically indicates a bullish resurgence, the Ethereum price could possibly hit $6,000. The analyst believes that Ethereum’s possible uptick could be a catalyst for an Altseason.

In addition, CryptoGoos drew an intriguing parallel between Copper and Ethereum, offering a thought-provoking analogy. According to the analyst, Ethereum’s price movement mirrors that of Copper, just as Bitcoin’s is often compared to gold, suggesting a potential target for ETH above $5,000.

Meanwhile, influencer Crypto Admiral spotted a symmetrical triangle, a pattern that signals an “epic” breakout. The analysis argues that the Ethereum price could surge past the critical resistance zone of $3,200, potentially breaking above $5,600.

Corroborating Crypto Admiral’s analysis, trader Crypto GEMs asserted that Ethereum is getting ready for an epic bull run. He strengthened his analysis by highlighting a massive symmetrical triangle identified on the ETH chart.

Notably, Ethereum’s bullish sentiment is driven by several factors including the Pectra upgrade anticipated on April 8. Recently, Ethereum released a roadmap for its upcoming Pectra upgrade, with scheduled activations on February 24 on the Holesky testnet and March 5 on Sepolia.

Ethereum Repeats History

As highlighted by Mikybull Crypto, the Ethereum price is imitating patterns seen in February 2024. A bullish cross has just occurred on the ETH chart, mirroring the same pattern seen in February 2024, potentially signaling an incoming massive price rally.

$ETH bullish cross just happened as it did in February 2024

Incoming massive rally pic.twitter.com/13c6Ij6xnW

— Mikybull Crypto (@MikybullCrypto) February 15, 2025

Analyst Ted’s identification of a double bottom pattern also highlights ETH’s breakout. Ted wrote, “Ethereum breakout pump will be legendary.”

As of press time, the Ethereum price is marked at $2,690, down by 1.38%. However, despite a 2.57% uptick over the last seven days, ETH experienced a massive dip of 19% in a month. Boasting a market cap of $324.63 billion,

The post Will Ethereum Price Hit $15,000 In This Bull Run? appeared first on CoinGape.

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Filed under: News - @ February 16, 2025 9:20 pm