{"id":659011,"date":"2024-12-08T00:30:20","date_gmt":"2024-12-08T00:30:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=659011"},"modified":"2024-12-07T11:34:58","modified_gmt":"2024-12-07T11:34:58","slug":"ethereum-price-breakout-18000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-breakout-18000\/","title":{"rendered":"Ethereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000"},"content":{"rendered":"

Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000. Ethereum currently boasts a bullish outlook<\/span>, having recently\u00a0broken above $4,000<\/a> for the first time since March of<\/span>\u00a0this year.\u00a0<\/span><\/p>\n

How The Ethereum Price Could Reach $18,000<\/h2>\n

In a <\/span>TradingView post<\/span><\/a>, BallaJi predicted that the Ethereum price could reach $18,000. The crypto analyst explained that based on logarithmic projections, the measured move of this HVF could send Ethereum to the target. He provided a caveat, stating that the price rally to the target might not happen in 2025.\u00a0<\/span><\/p>\n

Related Reading: Analyst Says Bitcoin Price At $100,000 Is A \u2018Dangerous Zone\u2019, Predicts Massive Crash<\/a><\/div>\n
\n
\"Ethereum
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n

However, he is confident that if this bullish pattern is completed, then the Ethereum price could reach this $18,000 price target later on this decade. A rally to this price target would give Ethereum a market cap of around $2 trillion based on its circulating supply of 120.44 million ETH.\u00a0<\/span><\/p>\n

Meanwhile, BallaJi highlighted three <\/span>logarithmic targets<\/span><\/a> on the chart, with $18,000 being the third and last target. The first and second targets are at $3,818 and $6,236 respectively. In an update on the trade setup, the crypto analyst noted that the Ethereum price has reached, broken, and retested the first target at $3,818.\u00a0<\/span><\/p>\n

\"ETH
Source: TradingView<\/figcaption><\/figure>\n

With the trade now active, BallaJi provided insights into how the Ethereum price could continue this upward trend using linear measured moves.\u00a0<\/span>The accompanying chart he shared showed that the next linear target is at $5,193; a rally to that target would mark a new\u00a0all-time high (ATH)<\/a> for ETH, with its current ATH at $4,800.<\/span>\u00a0<\/span><\/p>\n

Meanwhile, the next linear target is at $7,299. BallaJi\u2019s chart showed that the Ethereum price should hit these price targets by next year. A rally to the $7,299 target could then pave the way for ETH to reach $18,000, although the analyst already warned that it might not happen in 2025.\u00a0<\/span><\/p>\n

Countdown To New ATH Has Begun<\/h2>\n

In an X post, crypto analyst <\/span>Justin Bennett<\/span><\/a> stated that the countdown to a new ATH for the Ethereum price has begun. According to the analyst, ETH could rally quickly above $5,000 as it breaks several levels this week. The analyst\u2019s accompanying chart showed that the quick rally above $5,000 could lead Ethereum to hit $6,300.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish<\/a><\/div>\n
\n
\"Ethereum
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n

Crypto analyst <\/span>Titan of Crypto<\/span><\/a> also predicted that an Ethereum price rally to $5,000 is imminent. He stated that ETH\u2019s market structure mirrors BTC\u2019s from a few weeks ago. He remarked that the $5,000 target is just the minimum as he believes that Ethereum will likely go higher.\u00a0<\/span><\/p>\n

\"ETH
Source: TradingView<\/figcaption><\/figure>\n

At the time of writing, the Ethereum price is trading at around $3,980, up almost 3% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Ethereum
ETH price struggling to hold $4,000 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000. Ethereum currently boasts a bullish outlook, having recently\u00a0broken above $4,000 for the first time since March of\u00a0this year.\u00a0 How The Ethereum Price Could Reach $18,000 In a TradingView post, BallaJi predicted that the Ethereum price could reach $18,000. The crypto analyst explained that based on logarithmic projections, the measured move of this HVF could send Ethereum to the target. He provided a caveat, stating that the price rally to the target might not happen in 2025.\u00a0 Related Reading: Analyst Says Bitcoin Price At $100,000 Is A \u2018Dangerous Zone\u2019, Predicts Massive Crash However, he is confident that if this bullish pattern is completed, then the Ethereum price could reach this $18,000 price target later on this decade. A rally to this price target would give Ethereum a market cap of around $2 trillion based on its circulating supply of 120.44 million ETH.\u00a0 Meanwhile, BallaJi highlighted three logarithmic targets on the chart, with $18,000 being the third and last target. The first and second targets are at $3,818 and $6,236 respectively. In an update on the trade setup, the crypto analyst noted that the Ethereum price has reached, broken, and retested the first target at $3,818.\u00a0 With the trade now active, BallaJi provided insights into how the Ethereum price could continue this upward trend using linear measured moves.\u00a0The accompanying chart he shared showed that the next linear target is at $5,193; a rally to that target would mark a new\u00a0all-time high (ATH) for ETH, with its current ATH at $4,800.\u00a0 Meanwhile, the next linear target is at $7,299. BallaJi\u2019s chart showed that the Ethereum price should hit these price targets by next year. A rally to the $7,299 target could then pave the way for ETH to reach $18,000, although the analyst already warned that it might not happen in 2025.\u00a0 Countdown To New ATH Has Begun In an X post, crypto analyst Justin Bennett stated that the countdown to a new ATH for the Ethereum price has begun. According to the analyst, ETH could rally quickly above $5,000 as it breaks several levels this week. The analyst\u2019s accompanying chart showed that the quick rally above $5,000 could lead Ethereum to hit $6,300.\u00a0 Related Reading: Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish Crypto analyst Titan of Crypto also predicted that an Ethereum price rally to $5,000 is imminent. He stated that ETH\u2019s market structure mirrors BTC\u2019s from a few weeks ago. He remarked that the $5,000 target is just the minimum as he believes that Ethereum will likely go higher.\u00a0 At the time of writing, the Ethereum price is trading at around $3,980, up almost 3% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":648572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[167,6664,26263,14690,8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-659011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000<\/title>\n<meta name=\"description\" content=\"Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen, with the possibility of ETH reaching $18,000.\" \/>\n<meta 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