Will Ethereum Price Hit $15,000 In This Bull Run?

Ethereum is regaining traction after a significant market downturn. Though the Ethereum price is currently experiencing a marginal decline, analysts remain confident about its potential uptrend. Identifying critical patterns emerging in Ethereum’s price chart, market experts foresee a staggering 458% surge in ETH.

Ethereum Price Targets $15,000: Is a Breakout Imminent?

Though Ethereum is currently trading below the $3,000 range, experts remain bullish about the altcoin’s future performance. In a recent X post, analyst Crypto Rover predicted Ethereum price’s bullish ascendance to $15,000. He stated, “ETH will teleport over $15,000.”

In addition, positing that ETH is undervalued, Crypto Rover highlighted the token’s potential price points. According to the chart presented by him, ETH could breakout above $7000 in the near term.

Crucial Patterns Identified: What’s Next?

Significantly, expert CryptoGoos identified a head and shoulders pattern in Ethereum’s weekly chart. While the pattern typically indicates a bullish resurgence, the Ethereum price could possibly hit $6,000. The analyst believes that Ethereum’s possible uptick could be a catalyst for an Altseason.

In addition, CryptoGoos drew an intriguing parallel between Copper and Ethereum, offering a thought-provoking analogy. According to the analyst, Ethereum’s price movement mirrors that of Copper, just as Bitcoin’s is often compared to gold, suggesting a potential target for ETH above $5,000.

Meanwhile, influencer Crypto Admiral spotted a symmetrical triangle, a pattern that signals an “epic” breakout. The analysis argues that the Ethereum price could surge past the critical resistance zone of $3,200, potentially breaking above $5,600.

Corroborating Crypto Admiral’s analysis, trader Crypto GEMs asserted that Ethereum is getting ready for an epic bull run. He strengthened his analysis by highlighting a massive symmetrical triangle identified on the ETH chart.

Notably, Ethereum’s bullish sentiment is driven by several factors including the Pectra upgrade anticipated on April 8. Recently, Ethereum released a roadmap for its upcoming Pectra upgrade, with scheduled activations on February 24 on the Holesky testnet and March 5 on Sepolia.

Ethereum Repeats History

As highlighted by Mikybull Crypto, the Ethereum price is imitating patterns seen in February 2024. A bullish cross has just occurred on the ETH chart, mirroring the same pattern seen in February 2024, potentially signaling an incoming massive price rally.

Analyst Ted’s identification of a double bottom pattern also highlights ETH’s breakout. Ted wrote, “Ethereum breakout pump will be legendary.”

As of press time, the Ethereum price is marked at $2,690, down by 1.38%. However, despite a 2.57% uptick over the last seven days, ETH experienced a massive dip of 19% in a month. Boasting a market cap of $324.63 billion,

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.