8-Year-Old Pattern Reappears! Ethereum Surge Signal Emerges

▲ Ethereum (ETH)/ChatGPT generated image ©

Potential 4x increase in 6 months—Ethereum is once again showing signs of repeating a ‘historic pattern.’

According to cryptocurrency media Watcher.Guru on April 9 (local time), Ethereum (ETH) is forming new price patterns with the recent easing of geopolitical tensions, indicating a strong upward signal. While the market had been suppressed by war risks and bearish trends, investor sentiment has recovered after the ceasefire, leading to a rebound in major assets.

Cryptocurrency analyst Leshka diagnosed that a structure similar to the past is recurring in the Ethereum chart. He stated that a trend similar to when Ethereum surged from $56 to $1,181 approximately 8 years ago is currently appearing, and based on this, he suggested a potential 3x to 6x increase within the next 6 months.

Notably, in this current upward cycle, a longer accumulation period than before, coupled with large-scale accumulation by institutional investors, has been identified as a key variable. The analysis suggests that the supply shortage on exchanges is also contributing to increased upward pressure. However, Leshka maintains a cautious outlook on the overall market environment.

The bullish scenario also holds for the medium to long-term outlook. CoinCodex suggested that Ethereum could rise to around $4,085 within the next 3 months. Furthermore, a gradual increase to $2,685.88 by the end of 2026, $4,644.27 by 2030, $7,989.60 by 2040, and $11,686 by 2050 was also presented.

Ultimately, the key to the market is whether the pattern will repeat. If the same accumulation and supply reduction trends from the past continue, expectations are growing that Ethereum could once again enter an explosive upward phase.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*