Expert Says Ethereum Price Is “Ready” As Vitalik Buterin Confirms ETH’s Future

Expert analyst says a massive rally is brewing for Ethereum price as it enters the final phase of a fractal. This outlook coincides with Ethereum co-founder Vitalik Buterin revealing the roadmap for ETH.

Analyst: Ethereum Price is “Ready,” Edges Closer to Breakout

According to analyst CryptoYodha, Ethereum price action is repeating a fractal that was last see over five years ago. This fractal contains four phases – a cycle bottom after the end of a bear market followed by a correction that forms a higher low, relative to the cycle bottom, a breakout and retest that confirms the start of a bull run and the bull run.

Between 2019 and 2021, the price of ETH formed a cycle bottom below $100 and rallied to form a local top around $300. This move was followed by a pullback that formed a higher low under $100, signaling that the market is bullish. Following the initial two phases, Ethereum price formed a bottom around $300, which was a significant move that led to a bull rally and an all-time high just shy of $5,000.

The analyst assumes that if history is repeating then Ethereum price is currently in the third phase, where it is forming a stable foothold that should be followed by a bull rally.

Although the fractal is likely, the analyst’s Ethereum price forecast targets anywhere between $12,000 to $15,000 per ETH. This would mean ETH needs to pentuple or roughly 4.8X from the current level of $2,500.

Is this possible? Only time will tell.

Vitalik Buterin Reveals Ethereum’s Roadmap

In a recent blog, Vitalik Buterin penned a detailed Ethereum roadmap that outlines what to expect next in terms of blockchain development. But on a high level, this blog focuses on improving Ethereum’s security and scalability, division of labor between Layer 1 and Layer 2 chains, decentralization and trustlessness among other topics.

Here’s Buterin’s timeline for Ethereum roadmaps.

1. Generalized Plasma (Short-Term)
   • Improve plasma scalability
   • Implement Merkle root-based scaling
2. Maturing L2 Proof Systems (Medium-Term)
   • Formal verification for rollups
   • Multi-prover systems for security
   • Data compression for efficiency
3. Cross-L2 Interoperability Improvements (Medium-Term)
   • Standardized addresses
   • Chain-specific payment requests
   • Cross-chain swaps and gas payment
   • Light clients for trustless verification
   • Keystore wallets for unified key management
4. L1 Scaling Strategies (Long-Term)
   • Improve technology to raise gas limit
   • Make specific operations cheaper
   • Native rollups (parallel EVM copies)
5. Ecosystem Development (Ongoing)
   • MEV (Maximal Extractable Value) management
   • Division of labor between L1 and L2s
   • Community cooperation and standardization
   • Decentralization and security enhancements

Regardless of the short-term uncertainty the higher time frames are showcasing a bullish outlook. Additionally, Vitalik Buterin’s roadmap also showcases how strong Ethereum will become in the coming days, after the aforementioned plans are implemented. While the investor interest might have slowed down for Ether due to Solana, it is likely to soar as the bull run kickstarts in the fourth quarter.

✓ Share:

Akash Girimath

Akash Girimath, an engineer by training, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to notable platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role involves providing insightful market analysis and keeping readers informed about the latest trends in the crypto world. Follow Him on Youtube , X and LInkedIn

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.