Ethereum’s Price Pattern Resembles 1980 Dow Jones Bull Run, Suggesting Possible Surge Toward $8,000

Key Points

1. Ethereum's price action forms a textbook expanding diagonal pattern, indicating potential for a run-up to $8,000 by early 2026.

2. Analyst Gert van Lagen compares Ethereum's current structure to the Dow Jones Industrial Average’s 1980 hourly chart, which exhibited a similar expanding diagonal before a significant peak.

3. Elliott Wave theory suggests Ethereum is in the final surge phase, characterized by heightened volatility and aggressive buying.

4. An ascending triangle pattern reinforces short-term bullish momentum, with a breakout potentially leading to an 80% price increase toward $7,150.

5. Macroeconomic factors like anticipated Federal Reserve rate cuts and institutional interest, including Ether ETFs, bolster Ethereum's bullish outlook, with some projections suggesting prices could reach $10,000 under optimal conditions.