- Ethereum eyes a breakout near $1,650 after forming a consolidation triangle, signaling a potential rally toward $2,500 soon.
- ETH’s long-term cycle from 2022 hints at a bullish breakout as historical accumulation zones often precede major price surges.
- Multiple oscillator lows since 2022 align with ETH’s support zone, suggesting strong momentum building for a rally toward $6,500.
According to crypto analyst World Of Charts, Ethereum (ETH) is showing early signs of recovery after months of consolidation within a descending channel. Currently trading at $1,619, ETH has approached the upper boundary of this structure. World of Charts now speculates a breakout that could trigger a sharp rally toward $2,500. This breakout would mark a major shift from the steep decline that started in early 2025. Besides, the broader crypto sentiment appears to be improving, lending support to Ethereum’s technical outlook.
Between January and mid-April 2025, ETH decreased in value by almost 50%. The token fell from well over $3,600 to as low as $1,425. Nonetheless, since bottoming out earlier in April, ETH created a consolidation triangle range between $1,500 and $1,650. The price structure signals a possible reversal in case there is continued bullish momentum. ETH is currently retesting the resistance at the upper channel, and this can signify a breakout that may be upcoming soon.
Historical Patterns Suggest a Major Move
Besides the short-term pattern, Ethereum’s long-term analysis by crypto analyst Mister Crypto reveals a structure from 2022 to 2025 that shows two key phases—accumulation and re-accumulation. The first occurred in late 2022 and extended into early 2023. ETH traded sideways between $1,000 and $2,000 during this time. That range eventually broke, fueling a 150% rally that peaked above $4,000.
Moreover, the re-accumulation phase, which began in mid-2024, suggests ETH has been building strength. Prices fluctuated between $1,500 and $4,100 during this time. Despite the volatility, the chart signals a coming breakout, supported by repeating technical patterns.
Indicators Align with Bullish Momentum
Several key indicators further support this bullish thesis. Multiple oscillator lows marked by orange circles coincide with past market bottoms. Eight such signals have appeared since 2022. Each previously led to a price surge. The latest one formed in late 2024, aligning with ETH’s current support zone.
Consequently, short- and long-term data paint a compelling picture. Ethereum is nearing a pivotal breakout zone that could redefine its trend. If ETH clears the $1,650-$1,700 range, bulls may target the $2,500 level. Moreover, a breakout from the re-accumulation phase could propel Ethereum toward $6,500 by late 2025 or early 2026.
