Ether (ETH) approached a level that historically signals market bottoms, with classic chart patterns indicating a potential rise to $5,000.
Key takeaways:
Ether’s price neared its realized price, typically seen as a buying opportunity that has previously led to significant rallies.
V-shaped recovery and falling wedge patterns have emerged, with targets set at a $5,000 ETH price.
Ether price ready for an explosive rally
The ETH/USD pair fell 45% to multimonth lows of $2,621 on Nov. 21 from a peak of $4,758 recorded on Oct. 7.
This decline brought the price close to the realized price of whales holding over 100,000 ETH, as illustrated in the chart below.
This reflects the average price that all current holders of more than 100,000 ETH have paid to acquire Ether.
Related: Ethereum network experiences 62% decline in fees: Is ETH price in jeopardy?
“In the last five years, ETH has only traded near the realized price of whales holding at least 100k ETH on four occasions,” noted CryptoQuant analyst Onchain in a recent Quicktake analysis, adding:
“Two of these instances occurred during the 2022 bear market, while the other two transpired this year.”
In April, the ETH price rebounded from this level, experiencing a 260% surge to its all-time high of $5,000.
“$ETH is presently trading at the realized price of the largest holders,” mentioned analyst Quentin Francois in a recent X post, adding:
“This presents a historical buying opportunity.”
Ether’s price bounced back from this trendline on Nov. 22, trading 23.5% higher at $3,238 on Friday.
If historical trends hold, ETH could rise to as high as $5,000, spurred by increased demand from Ethereum treasury firms and the revival of spot ETF inflows.
Technical charts for Ether target a $5,000 price
Ether’s technical indicators are forming a V-shaped recovery pattern on the weekly chart, as shown below.
ETH is testing the 50-week simple moving average (SMA) at $3,300. Bulls must push the price above this mark to enhance the likelihood of ascending to the neckline at $4,955, thereby completing the V-shaped pattern.
Such a movement would signify a 53% increase from the current price.
Numerous analysts believe that ETH has the capacity to rise to $5,000 by 2026, with Satoshi Flipper stating that a falling wedge pattern indicates a significant breakout for the altcoin.
“$4800 $ETH is more imminent than many realize.”
As Cointelegraph reported, Ether’s inverse head-and-shoulders (IH&S) pattern against Bitcoin (BTC) suggests a prospective 80% rise in 2026, potentially bringing ETH’s price beyond $5,800.
This article does not provide investment advice or recommendations. All investments and trading decisions carry risk, and readers should do their own research before acting. While we aim to deliver accurate and timely information, Cointelegraph does not assure the accuracy, completeness, or reliability of any content in this article. Forward-looking statements may also be included and are subject to risks and uncertainties. Cointelegraph shall not be responsible for any losses or damages resulting from reliance on this information.
This article does not provide investment advice or recommendations. All investments and trading decisions carry risk, and readers should do their own research before acting. While we aim to deliver accurate and timely information, Cointelegraph does not assure the accuracy, completeness, or reliability of any content in this article. Forward-looking statements may also be included and are subject to risks and uncertainties. Cointelegraph shall not be responsible for any losses or damages resulting from reliance on this information.
