- Ethereum breaks $3,650 resistance, targeting $9K-$18K.
- Expanding Diagonal pattern signals a final bullish impulse.
- Updated forecast aligns with July’s predictive chart.
Ethereum Gains Momentum for Major Rally
The cryptocurrency market continues to evolve, Ethereum (ETH) is drawing significant attention from investors and analysts alike. In a recent post on X, Gert van Lagen, a seasoned market analyst, shared an updated bi-weekly chart that suggests Ethereum is on the cusp of a major bullish move. Utilizing the Elliott Wave theory, van Lagen identifies an ongoing Expanding Diagonal pattern, with Wave v nearing completion through a corrective a-b-c wave structure. This analysis indicates that Ethereum has already broken above the key $3,650 resistance level, retested it as support, and is now gearing up for a final impulse wave that could propel its price to between $9,000 and $18,000.
Spot ETFs and Development Fuel Optimism
This forecast builds on van Lagen’s earlier July prediction, where he outlined a similar trajectory, now validated by recent price action. The chart highlights a textbook pattern, with Wave a breaking resistance, Wave b retesting it, and Wave c poised to drive the final surge.
This move aligns with broader market optimism, fueled by Ethereum’s ongoing development and the potential impact of spot ETFs, which could enhance institutional adoption. The analyst’s detailed breakdown, complete with a QR code linking to his Substack for deeper insights, underscores the methodical approach behind this bullish outlook.
Investors Eye Late 2025 for Breakout Targets
The $9K-$18K range is ambitious, it reflects a realistic scenario if Ethereum maintains its upward momentum. Investors are advised to watch for confirmation as the market approaches these targets, potentially by late 2025 or early 2026. This analysis serves as a compelling case for Ethereum’s continued dominance in the crypto space, making it a focal point for traders and long-term holders alike.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
