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A rare price pattern has appeared in the Ethereum chart. Notably, it’s the same signal that previously triggered an explosive 260% rally. Is ETH on the verge of another mega-rally? Some crypto analysts have high expectations, with predictions up to $5,000. That converts to a price surge to €4,250. What are crypto experts basing these lofty expectations on?
Ethereum Price Drops Towards Key Level #
The price of ETH has pulled back significantly recently. From a peak around €4,000 in early October, the price fell to about €2,200 by late November. This decline brought ETH close to an important level: the average purchase price of investors holding over 100,000 ETH. This means large players are now roughly at break-even and might start buying again. According to CryptoQuant analyst Onchain, this has historically been a zone where the price often found support and formed a bottom. Increased activity from large Ethereum investors could provide a boost to the Ethereum price. The crypto analyst shares the following (historical) analysis:
Whales (≥100k ETH) – Realized Price
“Only four times in the last five years has ETH traded very close to the Realized Price of whales holding at least 100k ETH.” – By @_onchain pic.twitter.com/BcQ5kwANk9
— CryptoQuant.com (@cryptoquant_com) December 12, 2025
In the period after the bottom, the ETH price recovered with an unprecedented 260% surge. This signal is appearing again now. According to analyst Quentin Francois, this is a potential buying opportunity, should history repeat itself.
Technical Analysis of Ethereum Provides More Insight #
In addition to on-chain indicators, technical analysis also offers insights into the price. In Ethereum’s weekly chart, a so-called ‘V-shaped recovery’ is forming. This pattern occurs when a sharp decline is followed by an equally strong recovery. This V-shaped reversal coincides with a ‘falling wedge’ pattern. This pattern often indicates an impending breakout for a cryptocurrency. Analyst Satoshi Flipper shows this in a post on ‘X’. An ETH price of €4,000 is, according to him, ‘closer than most people think’. To confirm the above scenario, the price must convincingly break above the 50-week average around €2,800. If that succeeds, a test of the zone around €4,250 comes into view.
What Awaits Ethereum in the Long Term? #
Some analysts speculate that in the longer term, Ethereum could move back towards €4,300 to €4,500. An even higher price is possible, provided the crypto market remains positive. However, nothing is guaranteed in the unpredictable crypto world. Historically, though, Ethereum has made big jumps after signals that are now visible again. That might cheer Ethereum investors during the dark days before Christmas.