Despite the disappointing performance over the past few years, the bullishness surrounding Ethereum price remains undiminished. Investors and analysts alike remain heavily biased towards expectations that altcoin prices will rise. Crypto analyst Leshka.eth recently shared his own prediction, predicting that Ethereum price is destined to hit a new all-time high in 2026.
Why Ethereum price rises 400%
In its analysis, Leshka.eth points out a pattern that has previously appeared in Ethereum’s price and led to its explosive rise. This pattern, which analysts have noted on the ETH/BTC chart, first started in 2016, when the price of Ethereum consolidated at an extended low level.
Once Ethereum price broke out of the consolidation trend, it eventually entered an uptrend. This accumulation caused the price to move up and down over time, eventually reaching a low. This led to the final part of the pattern, the rally stage. By the time Ethereum prices rose during the 2017 bull market, the price had increased by more than 1,500%. This pushed the price up from $56 to a peak of $1,151.
This same pattern is now being noted by cryptocurrency analysts, but on a much larger scale. While the previous consolidation trend lasted several months, this time it lasted several years, starting in 2018 and ending in 2021. After that, the next accumulation phase lasted for many years from 2021 to 2026.
Given that each part of the pattern took longer this time, crypto analysts believe this will lead to more explosive trades. Added to this is the fact that financial institutions are buying more ETH than before and the supply on exchanges is decreasing day by day.
Taking all of this into consideration, Leshka says this is the beginning of the next Ethereum price rally. The current target rate of increase is 3 to 4 times from here, and the Ethereum price will reach a minimum of $6,000 and a maximum of over $8,000. In any case, this will mean a new all-time high for the virtual currency. As for when this will happen, crypto analysts expect this to happen within the next six months, so if it happens, ETH price could reach new highs this year.
Featured image from Dall.E, chart from TradingView.com
editing process for is focused on providing thoroughly researched, accurate, and unbiased content. We adhere to strict sourcing standards, and each page is carefully reviewed by our team of top technology experts and experienced editors. This process ensures the integrity, relevance, and value of your content to your readers.
