Ethereum Analyst Sets $24,000 Full Parabolic | Crypto News
A crypto analyst has just predicted a number of bullish price targets for Ethereum (ETH), but anticipating a major dip to important assist ranges first before a sharp rally toward $6,000. From there, he outlines a roadmap to a lot larger targets, with $24,000 set as the final word parabolic zone. The analyst has based his bullish projections on the probability that Ethereum can get away of a essential multi-year channel and advance with strong momentum.
Analyst Forecasts Ethereum Price Target Of $1,700 To $6,000
Celal Kucuker, a crypto analyst on X, offered a new bullish outlook for Ethereum on May 9, outlining a regular long-term roadmap to an final goal above $24,000. Before this projected bullish run begins, the analyst predicts a potential drop to a price degree he calls Ethereum’s “mega support zone.”
Kucuker has set this important assist at $1,760-$1,800, probably anticipating ETH to decline to this degree and type a strong enough base to set the stage for a potential new bull rally. From this space, the analyst predicts that Ethereum may reverse sharply and doubtlessly expertise its first major breakout degree around $4,800, about 3% away from reclaiming its all-time high above $4,900 in August 2025.
The analyst has outlined these strikes on his accompanying chart, exhibiting price transferring inside an ascending channel sample that has been forming since 2020. After reaching $4,900, he predicts that the Ethereum price may get away from the higher trendline of the channel and rise sharply toward $6,000, representing more than a 160% increase from Ethereum’s current price of above $2,300.
Kucuker described this bullish goal as a “psychological and technical transition zone.” This means that the higher price goal is an space where market sentiment for ETH is predicted to shift as chart-based boundaries break. Usually, a psychological goal is a magnet for market consideration, comparable to when Ethereum reached $2,000 or $4,000. It’s an space that tends to entice sellers and patrons, creating high quantity that could lead on to a stronger push upward.
$24,000 Set As Ultimate Parabolic Target
After reaching $6,000, Kucuker expects Ethereum to set its sights on the next bull goal around $13,000. He calls this higher vary a “cycle extension target,” suggesting that Ethereum’s projected bull market may last for much longer and attain valuations pushed by excessive momentum or price discovery phases.
The chart reveals Ethereum consolidating around $6,000 for a while before taking pictures toward $13,000. Once this goal is reached, the cryptocurrency is projected to expertise a short-term correction back to the higher trendline again. After bottoming in this space, Kucuker predicts Ethereum may document an explosive price rally toward $24,443. He called this price level a full parabolic goal for ETH, marking the timeline of this space around 2028 on his chart.
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