Ether (ETH) has been trading near levels that have historically signified market bottoms, with traditional chart patterns indicating a potential rise to $5,000.
Key takeaways:
Ether’s price is nearing its realized price, a historically favorable buying point that has sparked significant rallies.
Emerging V-shaped recovery and falling wedge patterns suggest a target of $5,000 for ETH.
Ether price set for a parabolic surge
The ETH/USD pair fell 45% to multi-month lows of $2,621 on Nov. 21 from a peak of $4,758 on Oct. 7.
This decline brought the price close to the realized price for whales holding over 100,000 ETH, as illustrated in the chart below.
This metric refers to the average price that all existing holders of more than 100,000 ETH have spent to acquire Ether.
Related: Ethereum network sees 62% drop in fees: Is ETH price at risk?
“ETH has traded near the realized price of whales holding at least 100k ETH only four times in the past five years,” said CryptoQuant analyst Onchain in their latest Quicktake analysis, adding:
“Two instances occurred during the 2022 bear market, while the other two happened this year.”
In April, the ETH price rebounded off this level, experiencing a 260% surge to its current all-time high of $5,000.
“$ETH is presently trading at the realized price of the largest holders,” noted analyst Quentin Francois in a recent X post, adding:
“This constitutes a historical buying opportunity.”
Ether’s price bounced from this trendline on Nov. 22 and traded 23.5% higher at $3,238 on Friday.
If historical patterns hold true, ETH could rise to as high as $5,000, driven by a surge in demand from Ethereum treasury companies and the inflow of spot ETFs.
Ether’s technical charts indicate $5,000 ETH price
Technical analysis of Ether shows a V-shaped recovery pattern on the weekly chart, as depicted below.
ETH is retesting the 50-week simple moving average (SMA) at $3,300. Bulls need to push the price above this threshold to enhance the likelihood of reaching the neckline at $4,955 and completing the V-shaped formation.
Such a breakthrough would signify a 53% rise from the current price.
Multiple analysts have suggested that ETH could rally to $5,000 by 2026, with Satoshi Flipper indicating that a falling wedge pattern hints at a significant breakout for the altcoin.
“$4800 $ETH is closer than many believe.”
As reported by Cointelegraph, Ether’s inverse head-and-shoulders (IH&S) pattern against Bitcoin (BTC) suggests a potential 80% rally in 2026, leading to an ETH price exceeding $5,800.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
