- Early in 2025, Ethereum broke above $3,800, indicating a potential bull run. Technical forecasts place prices at $12,000.
- After years of consolidation, Ethereumâs successful breakout indicates strong buying pressure, suggesting a new market phase.
- Ethereumâs price surge points to extended bullish momentum, potentially mirroring the 2020-2021 rally, with $12,000 in sight.
Analyst Captain Faibik sees Ethereum break through $3,800 in early 2025 after lackluster years of preparation for a bull run such as one seen during the 2020-2021 boom times The breakout is now confirmed, Ethereum may ascend to new heights, perhaps in excess of even $12,000, as suggested by the technicals.
A Significant Breakout from Ascending Triangle Pattern
Ethereum’s price has taken an ascending triangle form in its 2020 to 2025 weeklies. There is a resistant level and an upward trending line, both of them contributing to its breakout. The price previously faced strong resistance at the $3,800 level, causing multiple rejections over time. However, as of early 2025, Ethereum successfully broke through this barrier, signaling a shift in market sentiment.
Moreover, the breakout comes after a long accumulation phase. Ethereumâs price remained relatively stable within the triangle for several years, creating higher lows. These lower trendline bounces provided strong support during periods of market uncertainty. As a result, the breakout is a sign of strong demand and buying pressure, likely indicating the beginning of a bullish cycle.
Market Implications of Ethereumâs Bullish Momentum
Following the breakout, Ethereum quickly accelerated in price. The surge led to Ethereumâs price reaching approximately $12,000, as indicated by technical projections. This sharp rise is accompanied by bullish weekly candles, suggesting continued upward momentum. The price movement points to an extended bull market phase, one that could mirror the 2020-2021 post-Covid rally.
Furthermore, the chartâs background shifts from blue to yellow, possibly signaling different price zones, reinforcing the idea of Ethereum entering a new market phase. Although the volume isnât visible, the breakout suggests an influx of buying demand, which further supports the possibility of higher valuations.
