Prominent market analysts argue that Ethereum still has room for growth, turning their attention to confluence factors that could cause the next leg.
Notably, Ethereum finds itself at a critical point after hitting a new all-time high of $4,955 in August. since then, Prices fell 13%, But despite doubts as to whether the Bull Run still has legs, it continues to go above $4,300.
Ethereum still has a potential for a higher upward
Interestingly, market analyst Egrag Crypto believes the rally is not over. His latest analysishe insisted that Ethereum could still climb. Many Higher, flat If it breaks out of the long-term rising triangle pattern it has, it reaches $22,000 Oral Price action More 2 years.
Meanwhile, the second one big Running between 2018 and 2021 ended with over 1.414 Fibonacci Extension ($4,266). Ethereum I’m soaring up It was at a high of $4,868 by November 2021. This price set the cycles two higher before the bear market hit.
The 2022 conflict dragged Ethereum to something low amid the bear market near $880, That’s what started Cycle 3. From there, the price It’s been built Recovery path through some Fibonacci retracement levels: $2,052 at 0.5 level, $2,882 0.702and $3,942 0.888.
Confluence coefficient: eth must break the rising triangle
In particular, the $4,760 1.0 extension serves as the top boundary of the main horizontal resistance line and the ascending triangle. Currently, the price is $4,378, and Ethereum trades just below this level and is stable after collecting these important retracement zones one by one.
Meanwhile, another EGRAG chart focuses on rising triangles that grow from lower 2022 to higher and lower 2022 in 2023, 2024 and 2025. The top of the triangle is $4,760. This forms a breakout point where egrag calls the confluence coefficient.
Ethereum Rising Triangle | Egrag Crypto
He explained that the breakout on this line triggers three possible price targets based on different measurement methods.
Specifically, non-traditional projections refer to $8,500 I’m lined up Near the $7,522 Fibonacci Extension stay It’s below the 1.414 level at $9,553. The average between the logarithmic and non-logarithmic methods sets the midpoint target at $15,250, which lands between the 1.414 and 1.618 extensions.
However, the most aggressive target comes from the logarithmic method, which projects $22,000. Match Vaneck’s predictions. This will make Ethereum $13,465 out of the 1.618 Fibonacci expansion, repeating a slow cycle overshoot from previous rally.
Egrag noted that all past cycles were top of one of these expansion levels. In the context, cycle 1 ended at 3.888 and cycle 2 stopped at 1.414. For the current cycle, the key level I’ll stand 1.272, 1.414, and 1.618, $4,760 breakout levels act as the following triggers big Move.
Other analysts agree
Interestingly, other analysts believe Ethereum still has the potential to grow this cycle. With analysis todayveteran trader Michael Van de Poppe It will be compared Ethereum current setup slow 2019 or early 2020 of the previous cycle.
Ethereum against Bitcoin | Michael Van de Poppe
He noted that Ethereum has recently surpassed its exponential moving average for 20 weeks after the longest bear market in history, indicating the onset of a permanent uptrend, rather than a quick pump.
Meanwhile, Web3 commentator Zyn also highlighted that Ethereum has finished its four-year decline, setting a new future of all time, and is currently retesting breakout levels as support. He believes that this kind of setup often leads to another big gathering.
You can’t be bear to $eth now.
It broke on top of a 4 year old cave before hitting a new ATH.
Now it’s retesting breakout levels and repeating it to support.
This usually leads to a higher price and I think it will happen again. pic.twitter.com/dg2o5suble
-Zyn (@Zynweb3) September 2, 2025
