Ether's Price Soars 260%: Is a $5,000 ETH Possible?
Finance/News

Ether's Price Soars 260%: Is a $5,000 ETH Possible?

Analysts suggest that Ether's price could reach $5,000 by 2026, highlighting potential buying opportunities.

Ether (ETH) is currently trading near a historically significant price point, which has often indicated market recoveries. Analysts argue that a surge back to $5,000 by 2026 is realistic.

Key Insights:

  • Ether is trading near its realized price, traditionally a strong buying point leading to uptrends.
  • Classic chart patterns like V-shaped recoveries and falling wedges hint at the possibility of hitting $5,000.

Ether’s Price on the Brink of a Rally

The ETH/USD pair recently fell by 45% to a low of $2,621 from a peak of $4,758. This descent approached the realized price historically held by large investors (whales) holding more than 100,000 ETH.

The ‘realized price’ denotes the average price at which these significant holders purchased their Ether.

Related: Ethereum network observes 62% fee reduction: Is the price of ETH in jeopardy?

“Only four times in the past five years has ETH approached the realized price of whales with at least 100k ETH,” stated analyst Onchain from CryptoQuant. Translation: “Only four times in the last five years has ETH traded very close to the realized price of whales holding at least 100k ETH.”

In April, the ETH price rebounded from this threshold, leading to a 260% increase to its present peak of $5,000.

“Currently, ETH trades at the realized price of its largest holders,” remarked analyst Quentin Francois in a recent post. Translation: “This is historically a buying opportunity.”

Interestingly, ETH’s price jumped by 23.5% to $3,238 following these patterns.

Technical Charts Support $5,000 Target

Technical analysis of Ether reveals a V-shaped recovery on the weekly charts. The price is currently seeking to breakthrough the 50-week simple moving average (SMA) around $3,300. Analysts anticipate that pushing past this level may elevate the price to $4,955, aligning with the completion of the V-shaped chart pattern, representing a 53% surge.

Further predictions suggest that ETH could reach $5,000 in the next few years, with Satoshi Flipper noting that a falling wedge pattern indicates a forthcoming major breakthrough for the altcoin.

“$4800 $ETH is closer than most think.”

Future Projections

Recent reports indicate that the inverse head-and-shoulders (IH&S) formation against Bitcoin suggests an impressive 80% rally in 2026, potentially surpassing an ETH price of $5,800.

This article reflects no investment advice. Each trading decision carries risk. It is essential for readers to conduct thorough research before making any investment choices. While we aim for accuracy, we cannot guarantee the information’s completeness or reliability.

Next article

US Banks Are Adapting to Embrace On-Chain Technology

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!