Ethher (Eth), the cryptocurrency of the Ethereum Network, accumulates powerful bullish power. So, if the market continues its current trend, assets can complete the upward cycle that began in 2019 and reach USD 18,000 this year.
This is stated by analyst Gert Van Lagen, who bases his predictions on Elliott’s technical analysis of waves. This methodology identifies repeated patterns of asset price behavior to provide future movements.
According to the specialist, ETH is currently in the fifth final wave of the cycleA “spread diagonal” that can make way for a significant rebound.
Van Lagen argues that each subson within this structure has been corrected and that the current structure – the “V” wave should break the megaphone numbers formed between waves 3 and 4, completing the “A” wave of the pattern. After that, a short revision is expected. Reflection The technician is followed by an explosive “B” wave.
The Elliott wave model begins with a sequence of five movements: I (impulse), II (strong correction), III (explosive movement), IV (lateral integration), and V (final expansion). In the case of ETH, Van Lagen argues that the current “Onda C” is impulsive and could go far beyond the vast wedge figures.
In that context, the analyst said, “My main purpose remains at $18,000.” ETH: “You are about to complete the bullish cycle of 2019-2025.”
In the following graph, you can see the sequence of movements shown by Van Lagen, as well as the uprising projection of ETH prices.
This perspective is particularly optimistic considering that Currently, cryptocurrency quotes more than 3,750 US dollars It is still 25% below the previous maximum of USD 4,890 registered in November 2021.
Phase change
The capital movement in the cryptocurrency market also suggests phase change. As Cryptonotic Reports recently reported, investors are moving some of their funds from Bitcoin (BTC) to ETH, which could mark the beginning of a new “Altseason.”
This phase is usually displayed at the final stage of each BTC bull cycle and developed at a well-defined stage that drives coins such as ETH significantly.
The current market appears to support this possible scenario. ETH is above US$3,700, a level that has not reached since the beginning of 2025, renewing the enthusiasm of investors.
The technological structure of price also strengthens upward papers. The 20- and 50-day index mobile average (EMA) is currently at USD 3,742 and USD 3,721. ETH prices will remain above these pricesas seen in the graphics provided by TrainingView:
According to analyst Jainam Mehta, this behavioral pattern “usually provides dynamic support and helps to contain possible set folds while prices are still searching for new upward targets.”
Meanwhile, the Bollinger Band, an indicator of market volatility, shows that ETH prices are at the same level as upper bands. This suggests sustained purchasing pressure. This can be seen in the following graph:
When this happens, It is usually interpreted as a sign of upward trend continuityit can also predict excessive competition in a short-term perspective.
ETH: Clear price incentives
Another factor that contributes to the good performance of ETH is the actions of cited funds (ETFs) in the United States. For the second day in a row, Ethereum ETFs outperformed Bitcoin ETFs in terms of daily net entry.
According to SoSovalue data, ETH’s ETH won USD 602 million on July 17th, while BTC’s ETH reached USD 522.6 million. On July 18, ETH led by US$442 million compared to US$363 million BTC, as reported in this media.
In general, this phenomenon illustrates a change in the behavior of institutional capital that has been primarily leaning Bitcoin since the approval of the BTC ETF in January 2024. Currently, ETH citation funds have accumulated net tickets of over USD 7,000 million. It strengthens its position as the second most relevant asset in the ecosystem.
You need to be clear that the ETF is cash It directly affects the price of the underlying assetin this case, ETH is because if there are great acquisitions (such as the last two days), emitters will need to buy more cryptocurrency in the market to support the funds. These purchases push the asset price towards renewal as a principle and principle of demand. A clear example was last week the product of the large capital entrance of ETH ETFs, when cryptocurrency exceeded US$3,000.
The graph below provided by Sosovalue has been highly praised for the daily net entries and output of ETH ETH capital since its launch in July 2024.
Other analysts are optimistic too. Eric Jackson of EMJ Capital states that if ETFS staking options are approved by October, ETH could reach US$10,000. Recently, NASDAQ filed a formal application with the U.S. Stock Exchange and the Securities Commission (SEC) to enable BlackRock -Ishares Ethereum Trust (ETHA)-controlled ETFs to carry out staking across ETHs under custody.
If the SC allows this change, investors will be able to receive the dividends generated by validating transactions on the Ethereum network. This feature will turn ETH ETFs into financial products that can generate passive income, This will increase the appeal to those involved in the traditional financial system.
In Jackson’s case, the incorporation of staking into the ETF causes a series of effects. Increased institutional demand, yield generation, reduced circulation offers, and the greater appeal of ETH as a deflating set. “All this will reinforce structural scarcity that is not yet fully understood in the market,” he explained.
Based on that, analysts are projecting a base price of USD 10,000 per ETH over the next few months. In a more optimistic scenario, it is impulsive by the accelerated adoption of layer 2 solutions and robust entry into ETFs with staking. He estimates that cryptocurrency could even be worth more than US$15,000.
Together, Vanlagen’s paper finds technical and basic support. ETF operation, Momentum Elliott’s Wave Market, Capital Rotation, and Structural Analysis suggests that ETH may be at the beginning of a vast stage.
At the time, ETH continued to consolidate US$3,750, with technical indications and institutional flows favoring it. If the Van Lagen scenario is confirmed, the market may have witnessed it The beginning of one of the most significant increases in Ethereum’s recent history.
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