Ethereum’s multi-year technical structure is drawing increased attention from traders, as signs of a breakout begin to emerge after a prolonged consolidation period.
A closely followed analyst, Master Ananda, believes ETH is gearing up for a significant move, backed by a breakout pattern visible on the long-term weekly chart. Since topping out in November 2021, Ethereum has been trading within a descending triangle, but higher lows between 2022 and 2025 suggest mounting pressure from the bulls.
Ananda points to April 2025 as a turning point, when ETH formed a rounded bottom at the $2,425 support level and quickly reclaimed it after a brief dip. That move, he says, marked the end of a year-long bearish trend that began in March 2024.
Key levels now lie at $3,068 (0.618 Fibonacci) and the $3,800–$4,000 zone, which could serve as stepping stones toward a full breakout. The analyst sets his main target at the 1.618 Fibonacci extension but believes strong fundamentals—including Ethereum ETFs and broader market recovery—could carry the asset even further in this bull cycle.
“The fundamentals are getting stronger, and $5,791 would just be the beginning,” Ananda said, suggesting much higher levels could be in play before the end of the year.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/market/expert-makes-a-very-bullish-ethereum-price-prediction/