Ethereum Price To $12,000? ETH Could Repeat This Bitcoin 2020 Fractal

Source Newsbtc

With the bullish momentum growing in the cryptocurrency market, the large-cap altcoins have been some of the major beneficiaries of the current positive trend. Ethereum price, specifically, has continued to impress, with the second-largest cryptocurrency reasserting its position in the market over the past weeks.

The Ethereum price displayed significant bullish impetus going into the weekend, reclaiming the $4,000 mark for the first time since December 2024. Interestingly, the “king of altcoins” appears to only be at the beginning of an extended upward trajectory.

ETH Price To Soar By 182% In The Coming Months: Analyst

In an August 9 post on the social media platform X, pseudonymous crypto analyst Titan of Crypto shared an exciting layout for Ethereum that could see its price climb as high as $12,000. This positive projection is based on the price fractals of the world’s largest cryptocurrency by market capitalization, Bitcoin, in 2020.

In technical analysis, fractals refer to the recurring patterns on a price chart. These price patterns often offer insight into historical price movements and can be used to analyze the future trajectory of a cryptocurrency.

Titan of Crypto revealed that the Ethereum price is currently at the same spot that the price of BTC was in August 2020. At the time, the premier cryptocurrency was trading within a converging wedge pattern before breaking out to its then all-time-high price at around $69,000.

Ethereum Price

As shown in the chart above, the Ethereum price is currently trading within a similar converging wedge pattern on the monthly chart. Both BTC and ETH prices recently bounced off the lower boundary of the chart pattern earlier in 2020 and 2025, respectively.

Almost identically, the two largest cryptocurrencies almost broke above the trendline with their respective July 2020 and 2025 candlestick. While the price of BTC hovered around the upper trendline in the subsequent two months, the Ethereum price has broken clearly above the wedge pattern with its August candlestick.

If history is anything to go by, and a sustained monthly close above $4,000 occurs, the price of Ethereum could be on its way to an unprecedented high around the $12,000 region. This move represents a potential 182% surge for ETH from its current price point.

Ethereum Price At A Glance

As of this writing, the Ethereum token is valued at around $4,270, reflecting an almost 6% increase in the past 24 hours. According to data from CoinGecko, the altcoin is up by more than 25% in the past seven days.

Ethereum price
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What's Really Inside the AI Bubble? Decoding the Core Controversies Over Scale, Reliance and Valuation As ChatGPT nears its three-year anniversary, the AI boom has fueled a three-year U.S. equity rally. However, growing AI bubble concerns and investor fatigue now threaten to derail market
Author  TradingKey
13 hours ago
As ChatGPT nears its three-year anniversary, the AI boom has fueled a three-year U.S. equity rally. However, growing AI bubble concerns and investor fatigue now threaten to derail market
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP flash deeper downside risks as market selloff intensifiesBitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trade in red on Friday after correcting more than 5%, 10% and 2%, respectively, so far this week.
Author  FXStreet
15 hours ago
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trade in red on Friday after correcting more than 5%, 10% and 2%, respectively, so far this week.
placeholder
Gold Posts Biggest Weekly Gain in a Month as US Data Delays Fuel UncertaintyGold climbed higher on Friday, marking its strongest weekly performance in a month, as traders weighed the impact of a data backlog following the end of the US government's extended shutdown. Silver also moved upward.
Author  Mitrade
18 hours ago
Gold climbed higher on Friday, marking its strongest weekly performance in a month, as traders weighed the impact of a data backlog following the end of the US government's extended shutdown. Silver also moved upward.
placeholder
WTI rises to near $60.00 on supply risks due to US sanctionsWest Texas Intermediate (WTI) Oil price gains for the second successive session, trading around $59.90, up by more than 2%, during the Asian hours on Friday. Crude Oil prices receive support from supply risks linked to upcoming United States (US) sanctions.
Author  FXStreet
20 hours ago
West Texas Intermediate (WTI) Oil price gains for the second successive session, trading around $59.90, up by more than 2%, during the Asian hours on Friday. Crude Oil prices receive support from supply risks linked to upcoming United States (US) sanctions.
placeholder
Ethereum slides 5% as bears lean on $3,500 cap and put $3,150 support in focusEthereum (ETH) drops more than 5% after a failed push above $3,550, with price sliding to $3,153 and now holding below $3,350, the 100-hour SMA and a bearish trend line at $3,500; unless bulls reclaim the $3,350–$3,500 zone, the short-term bias stays bearish and a clean break under $3,150 could expose $3,050, $3,000 and even the $2,880–$2,850 support area.
Author  Mitrade
20 hours ago
Ethereum (ETH) drops more than 5% after a failed push above $3,550, with price sliding to $3,153 and now holding below $3,350, the 100-hour SMA and a bearish trend line at $3,500; unless bulls reclaim the $3,350–$3,500 zone, the short-term bias stays bearish and a clean break under $3,150 could expose $3,050, $3,000 and even the $2,880–$2,850 support area.
goTop
quote