Ethereum Price To $12,000? ETH Could Repeat This | Crypto News
With the bullish momentum growing in the cryptocurrency market, the large-cap altcoins have been some of the major beneficiaries of the current optimistic pattern. Ethereum price, particularly, has continued to impress, with the second-largest cryptocurrency reasserting its place in the market over the past weeks.
The Ethereum price displayed vital bullish impetus going into the weekend, reclaiming the $4,000 mark for the first time since December 2024. Interestingly, the “king of altcoins” seems to only be at the start of an prolonged upward trajectory.
ETH Price To Soar By 182% In The Coming Months: Analyst
In an August 9 post on the social media platform X, pseudonymous crypto analyst Titan of Crypto shared an thrilling format for Ethereum that may see its price climb as high as $12,000. This optimistic projection is based on the price fractals of the world’s largest cryptocurrency by market capitalization, Bitcoin, in 2020.
In technical analysis, fractals refer to the recurring patterns on a price chart. These price patterns often offer insight into historic price actions and can be utilized to analyze the future trajectory of a cryptocurrency.
Titan of Crypto revealed that the Ethereum price is at the moment at the same spot that the price of BTC was in August 2020. At the time, the premier cryptocurrency was trading within a converging wedge sample before breaking out to its then all-time-high price at around $69,000.
As shown in the chart above, the Ethereum price is at the moment trading within a comparable converging wedge sample on the month-to-month chart. Both BTC and ETH costs lately bounced off the decrease boundary of the chart sample earlier in 2020 and 2025, respectively.
Almost identically, the 2 largest cryptocurrencies virtually broke above the trendline with their respective July 2020 and 2025 candlestick. While the price of BTC hovered around the higher trendline in the following two months, the Ethereum price has damaged clearly above the wedge sample with its August candlestick.
If historical past is something to go by, and a sustained month-to-month close above $4,000 happens, the price of Ethereum could possibly be on its means to an unprecedented high around the $12,000 area. This transfer represents a potential 182% surge for ETH from its current price level.
Ethereum Price At A Glance
As of this writing, the Ethereum token is valued at around $4,270, reflecting an virtually 6% increase in the past 24 hours. According to data from CoinGecko, the altcoin is up by more than 25% in the past seven days.
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