Ethereum is currently trading in a wide support area and may be entering a long-term fundraising stage. Recent analysis points out that this asset is expected to see a significant rise in the next market cycle. A comparison of two independent historical cycles shows that if the key support range of US$1000 to US$1350 can be held, ETH may eventually hit the target price of US$10000 to US$20000. But before then, the network must regain the main resistance level and hit a record high before it can confirm the start of the breakthrough market.
Comparison of cycle charts shows huge upside potential for ETH
Analyst Crypto Patel identified a four-year cycle pattern on Ethereum's long-term chart, echoing the bullish structure at the end of cycles in 2017 and 2021. In every past cycle, Ethereum has experienced a sharp rise, a long-term correction, and formed a long funding base before starting a new round of major gains.
Currently, ETH is trading at around $1860, slightly above the main support area of $1000 to $1350. Holding this support is considered to be the key to maintaining a positive cyclical outlook. The first major resistance is at $3945, and a breakthrough beyond this level would open up room to retest Ethereum's previous historical highs.
If ETH can regain its previous highs and turn them into new support, analysts believe the possibility of reaching a higher price will increase. Crypto Patel's forecast sets $10000 as an important target. Based on repeated cycles, the long-term upside potential may extend to $16000 to $22500, but this outcome is not inevitable.
Crypto Patel's chart lists $10000 as a key level to watch, but points out that a break below $1000 would weaken bullish scenarios and invalidate the current fundraising pattern.
These cycle-based forecasts rely on historical trends and there is no guarantee that the same results will be repeated. A clear break below $1000 would undermine the chart structure and challenge long-term bullish views.
Monthly chart shows that the long-term target of US$20000 is on track to be achieved
Another analysis by analyst Freedom By40 compares Ethereum's current structure with long-term consolidation ranges for the 2016-2017 and 2018-2020 periods. The analyst believes that ETH may be in the lower half of a multi-year fundraising range that has often preceded significant increases in previous cycles.
On the monthly chart, ETH is currently at around US$1864, within the broad support area of approximately US$1050 to US$2000. Freedom By 40 points out that the previous historical high of about $4800 is the key breakthrough threshold; if it continues to stand above this level, it will support more bullish expectations and may confirm the beginning of a new round of expansion.
The analysis predicts that if previous market cycles repeat in size, starting from the lower boundary of the current range, the potential increase will be approximately 1900%, which may push the long-term target to around US$20000 by 2028. However, this outlook depends on whether Ethereum can hold on to its multi-year support and regain its previous high.
Freedom By 40's monthly chart shows that ETH must first resume its rise within the current range and continue to stand above $4800 before it can move towards $20000.
If Ethereum clearly falls below its long-term support, currently estimated at around $1050, analysts say this will invalidate the bullish sucking assumption and weaken direct comparability with previous cycles. Prior to this, ETH is still in a potential fundraising stage rather than a confirmed bull market, and its long-term trend depends on the maintenance of support levels and further improvement of the structure.
Summary of support and resistance levels
Main support range: US$1000 - 1350
Main resistance level: US$3945/US$4800
Current price: US$1860 - 1864
Cycle target: US$10000 - 20000

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