Ethereum price rallied 260% the last time this happened: Can ETH reach $5K?

1 hour ago

Ether (ETH) traded adjacent to a level that has antecedently marked marketplace bottoms, arsenic classical illustration patterns suggested a imaginable rally to $5,000.

Key takeaways:

Ethereum terms traded person to its realized price, historically a buying accidental that has led to large rallies.
V-shaped betterment and falling wedge patterns emerge, targeting $5,000 ETH price.

Ether terms poised for a parabolic rally

The ETH/USD brace dropped 45% to multimonth lows of $2,621 connected Nov. 21 from a precocious of $4,758 reached connected Oct. 7.

This drawdown saw the terms driblet adjacent to the realized terms of whales holding much than 100,000 ETH, arsenic shown successful the illustration below.

This refers to the mean terms that each existent holders of much than 100,000 ETH person paid to bargain Ether.

“Only 4 times successful the past 5 years has ETH traded precise adjacent to the realized terms of whales holding astatine slightest 100k ETH,” said CryptoQuant expert Onchain successful its latest Quicktake analysis, adding:

“Two occurred during the 2022 carnivore market, portion the remaining 2 took spot this year.”

In April, the ETH terms bounced disconnected this level, staging a 260% rally to its current all-time precocious of $5,000.

“$ETH is presently trading astatine realized terms of the biggest holders,” said expert Quentin Francois successful a caller X post, adding:

“This is historically a buying opportunity.”

Ether’s terms rebounded from this trendline connected Nov. 22, and present trades 23.5% higher astatine $3,238 connected Friday.

If past repeats itself, ETH could rally to arsenic precocious arsenic $5,000, fueled by increased demand from Ethereum treasury companies and the instrumentality of spot ETF inflows.

Ether’s method charts people $5,000 ETH price

Ether’s terms technicals are coating a V-shaped betterment illustration signifier connected the play chart, arsenic shown below.

ETH is retesting the 50-week elemental moving mean (SMA) astatine $3,300. Bulls request to push the terms supra this level to summation the chances of the terms rising to the neckline astatine $4,955 and completing the V-shaped pattern.

Such a determination would correspond a 53% summation from the existent price.

Several analysts judge that ETH has the imaginable to rally to $5,000 successful 2026, with Satoshi Flipper saying a falling wedge signifier projects a monolithic breakout for the altcoin.

“$4800 $ETH is person than astir think.”

As Cointelegraph reported, Ether’s inverse head-and-shoulders (IH&S) enactment against Bitcoin (BTC) points to a imaginable 80% rally successful 2026, translating to an ETH terms supra $5,800.

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