Ethereum is once again drawing the spotlight as it nears a critical price level as it approaches its previous all-time high, setting the stage for a possible breakout.
This moment comes after years of consolidation, steady accumulation, and renewed institutional interest.
At the same time, technical signals are aligning with fundamental support. Chart patterns such as the cup and handle suggest the potential for a strong continuation rally.
Meanwhile, major players like BitMine and other treasury firms continue to accumulate billions of dollars’ worth of ETH.
If momentum holds, Ethereum could be just a few targets away from reaching the much-anticipated $13,000 mark, an analyst boldly claimed on X.
Few Targets Away to $13,000 to Ethereum Price Prediction – Analyst
Ethereum is once again approaching a key resistance level near $4,875, which also marks its previous all-time high.
The chart shows that this level is acting as a major pivot point. If Ethereum manages to break above this zone with strong momentum, it could open the door for a much larger rally.
The first upside target after a confirmed breakout would be around $6,343, which aligns with the 1.382 Fibonacci extension.
Beyond that, the next key level is $7,340 at the 1.618 extension. Both levels are important because they often act as profit-taking zones during strong uptrends.
If bullish momentum continues, Ethereum could extend towards $8,864 and $9,950, corresponding to the 2.0 and 2.272 Fibonacci extensions.
These levels would represent new price discovery and strong confirmation of an ongoing bull cycle.
Finally, the long-term Fibonacci target points to $12,854, which is close to the psychological $13,000 mark.
This would be a significant milestone for Ethereum, showing over 180% potential upside from current levels.
However, traders should watch for consolidation and pullbacks along the way, as each resistance level could create temporary corrections before higher targets are reached.
Analyst Reveals Ethereum Price Setup that Could Print Millionaires
An analysis by crypto expert Merlijn the Trader echoed a nearly similar sentiment. According to him, Ethereum has spent the last three years building a massive cup and handle pattern.
One of the most powerful bullish continuation setups in technical analysis. Now, the breakout is in motion, and the implications are significant.
The structure suggests that Ethereum is ready for a sustained rally. A confirmed breakout above the neckline around $4,800 signals the start of a new price discovery phase.
Based on the measured move of the cup and handle, the projected target points toward $10,000 and beyond.
If momentum continues, Ethereum could push even higher into the $12,000 to $13,000 range, aligning with key Fibonacci extensions.
Such a move would not only mark new all-time highs but also confirm the strength of long-term accumulation.
After years of consolidation, this breakout could transform into one of the most powerful rallies in its history, rewarding those who stayed the course.
Bitmine Acquires $83M Worth of Ethereum
Latest data from Arkham Intelligence revealed the newest Ethereum whale purchase, further strengthening the case for institutional accumulation.
Over the past week, one of the largest treasury firms, BitMine, added more than 46,000 ETH valued at $201 million from a BitGo wallet.
Earlier in the month, the same firm secured another 80,000 ETH, worth approximately $358 million, through FalconX and Galaxy Digital.
These moves bring BitMine’s total holdings close to $9.6 billion, with Ethereum making up nearly its entire portfolio.
SharpLink, Coinbase, and the Ethereum Foundation also remain among the top holders, collectively pushing corporate and institutional ETH ownership to over 3.5 million tokens, valued at $15.7 billion.
This steady inflow of capital underscores the growing conviction that Ethereum is preparing for a major leg up.
Source: https://www.thecoinrepublic.com/2025/09/21/ethereum-price-path-to-13000-amid-whale-accumulation/