Ethereum's Bullish Trend: +0.08% Gain, $18,000 Target

Ethereum (ETH) has been exhibiting a robust bullish trend, with analysts noting the formation of an Inverse Head and Shoulders (iH&S) pattern on the weekly chart. This pattern, identified by crypto expert Gert van Lagen, suggests a potential rally to $18,000. The pattern consists of a left shoulder formed between 2021 and 2022, a head during 2022 – 2023, and a right shoulder in 2024. The neckline of $3,978 is a key breakout level, and a breakdown below this level could confirm the pattern, setting ETH up for a significant uptrend.

Van Lagen's analysis is consistent with previous bullish reversal patterns, increasing the likelihood of an upward movement. Currently, Ethereum is trading at $2,057, showing slight positive momentum with a +0.08% increase. The Relative Strength Index (RSI) stands at 74.94, indicating that ETH is nearing the overbought zone. However, increased buying volume and breaking the $2,100 level could still drive an uptrend. Failure to hold support at $1,934 may lead to a consolidation phase before another breakout attempt.

Market analysts predict Ethereum’s price interval in 2025 to be between $2,900 and $5,050, with an average of $3,300. Institutional adoption and better regulatory frameworks may lead to ETH prices exceeding $5,000. Some experts see the ETH price hitting $10,000 to $14,335, assuming it will maintain market dominance with Bitcoin. Another expectation is that the ETH price could hit $20,000, supported by a breaking broadening wedge pattern showing a potential bullish reversal.

Ethereum ETF outflows have been declining consistently, with certain days having no outflows. If the trend were to turn around and inflows began, it would create additional buying pressure on ETH. If ETH reaches $2,114, over $701 million worth of short positions would be liquidated, leading to a short squeeze and additional price momentum. Despite a 43% year-to-date decline, historical trends indicate that ETH will rebound in Q2 2025. Ethereum has averaged a 66% Q2 rebound since 2016. If this continues, ETH could hit $3,200 in the coming days, providing bullish support for a strong rally.

The Ethereum price forecast is promising, with crypto volatility being the main reason for future price changes. The direction of the price of Ethereum will still be a trend driver for its short-term trend. Ethereum’s bullish rally is driven by its increasing adoption in decentralized finance (DeFi) and Layer-2. To ensure the next move up to $18,000, ETH must stay above levels of resistance. The current trading price of Ethereum stands at $2,054.19, with a daily high of $2,083.56 and a daily low of $2,041.68. The price remains bounded by two critical levels: support at $2,040 and resistance at $2,090. The RSI indicates that selling pressure has begun to decrease, moving towards the oversold region. However, the MACD indicator displays a bearish crossover, suggesting potential downward momentum. Technically, there is a possibility of a death cross pattern forming as the 50-day and 200-day moving averages converge.

Despite the bearish indicators, the technical evaluation suggests that an upward price movement may occur. The RSI detecting oversold conditions and the MACD pointing toward an upcoming bullish crossover provide some optimism. Analysts forecast that Ethereum’s price trajectory could be optimistic, potentially reaching between $2,000 and $5,000 in 2025 due to rising adoption rates, institutional investment, and limited supply availability. The current technical value of Ethereum rests at $2,054.19, with a price boundary of $2,083.56 to $2,041.68. The price stability depends on the $2,040 support level, while $2,090 acts as a resistance point. The potential weakening of buyer resistance, as indicated by RSI oversold levels, exists despite recent bearish indicators, including MACD crossings and signs of an upcoming 50-200 MA death cross formation.