- Ethereum nears “Banana Zone,” mirroring past cycles and signaling a 2025 parabolic setup.
- A break above $3,880 could target $4,000–$4,120, backed by bullish structure and ETF inflows.
- Analysts see widening wedge pattern; long-term targets range between $7,000 and $8,000.
Ethereum has continued to follow a four-year price cycle, with current movements aligning with patterns seen in previous years. The asset is showing signs of momentum and market confidence as it pushes closer to the $4,000 mark. At the time of writing, Ethereum was trading at $3,620.
Ethereum Maintains Bullish Structure Amid Key Resistance Tests
Ethereum has maintained a bullish market structure with higher lows forming consistently since its recent move above $3,600. According to analysis prepared by Bitcoinsensus, the asset is moving into what is being called the “Banana Zone,” a price region that reflects prior cycles’ final parabolic phases. The pattern suggests a continuation toward a potential 2025 peak, in line with historical tops seen in 2017 and 2021.
As noted in recent observations by analysts, Ethereum’s strength is supported by growing ETF inflows, strong on-chain activity, and Bitcoin’s market movement. Traders are now watching for a decisive break above the $3,880 resistance level. A clear breakout could send the price toward $4,000 or even $4,120 in the near term.
Technical indicators remain mixed in the short term. The hourly RSI is below 50, and the MACD is showing reduced momentum. However, the broader weekly chart remains strong, with Ethereum recently surging above the 50-day moving average. The supertrend has flipped bullish, and the Chaikin Money Flow (CMF) has stayed positive since 2024, showing consistent liquidity inflow.
Long-Term Cycle Suggests Higher Targets for Ethereum
Ethereum’s price structure continues to mirror past cycles, reinforcing expectations of a potential top in 2025. According to an observation by analyst Marcus Corvinus, Ethereum is “not at the top” but is “climbing into it.”
He added that the current price breakout is happening within a widening wedge pattern, often associated with trend continuation. Historical data shows that after every peak, Ethereum enters a corrective and accumulation phase before moving higher.
The ongoing cycle suggests a possible move toward $7,000–$8,000. With over 65 entities backing Ethereum reserves, now valued over $10 billion, investor confidence appears to be growing.
