Ethereum Eyes $8,000 Surge Amid Familiar Technical Patterns

Key Points

1. Gert van Lagen identifies a 'textbook expanding diagonal' (megaphone pattern) in ETH's price chart, which previously drove a 245% increase from November 2022.

2. ETH is currently trading near $3,800, with potential to reach $8,000 by early 2026 if it breaks out of the megaphone pattern's upper trendline.

3. Historical comparison with the Dow Jones from 1980 and Elliott Wave theory support van Lagen's bullish prediction.

4. Felix Xu of ZX Squared Capital notes strong institutional inflows into Ether ETFs and suggests ETH could reach $10,000 in the future.

5. Consensys' 'cost-to-corrupt' model projects ETH's base price at $4,900 by end of 2025, potentially climbing to $15,800 by 2030.

6. Growing institutional interest and regulatory clarity around Ethereum-based stablecoins are seen as positive factors for ETH's long-term appreciation.