Ethereum’s (ETH) price could surge toward $8,000, analysts predict, as it enters the final phase of a bullish pattern similar to the 1980 Dow Jones trend, Cointelegraph reported. Analyst Gert van Lage...

Ethereum’s (ETH) price could surge toward $8,000, analysts predict, as it enters the final phase of a bullish pattern similar to the 1980 Dow Jones trend, Cointelegraph reported. Analyst Gert van Lagen highlights ETH's current structure, a broadening megaphone pattern, which mirrors a 245% rally in 2022-2024. Ethereum’s current price range, between $3,900 and $4,150, could break out for an 80% increase toward $7,150, nearing the $8,000 target by early 2026.

Ethereum could surge toward $8K, analyst says

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Blockware BTC analyst Mitchell Askew states that Bitcoin will no longer experience "parabolic" price increases or "devastating" bear markets, as BTC Exchange Traded Funds (ETFs) have permanently reduced volatility and changed market dynamics.

"BTC/USD looks like two completely different assets before and after the ETF," the analyst wrote on Friday. The chart he shared shows that price volatility sharply declined after the launch of Bitcoin ETFs in the United States in January 2024. The analyst stated:
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Bitcoin volatility drops to historic lows: no more violent bull runs and desperate bear markets

There are roughly the same odds of ETH reaching $10,000 and failing to reach $4,000 this year