Ethereum Price Prediction: ETH Targets $5,000 as Classic Chart Patterns Emerge
Ether (ETH) has been trading near a level that previously marked the market’s bottom, with classic chart patterns suggesting a possible rally to $5,000. The ETH/USD pair fell 45% to a multi-month low of $2,621 on November 21 after hitting a high of $4,758 on October 7. This drop caused the price to fall close to the realized price of whales with more than 100,000 ETH, as shown in the chart below.
This refers to the average price that all current holders of more than 100,000 ETH paid to purchase Ether. According to CryptoQuant analyst Onchain, “Only four times in the last five years has ETH traded very close to the realized price by whales holding at least 100,000 ETH.” Two of these occurrences were during the 2022 bear market, while the remaining two occurred this year.
Historical Context and Technical Analysis
In April, ETH price recovered from this level and rose 260% to its current all-time high of $5,000. As analyst Quentin Francois noted in a recent X post, “This is historically a buying opportunity.” The price of Ether rebounded from this trendline on November 22 and was trading 23.5% higher at $3,238 on Friday. If history repeats itself, ETH could rise as high as $5,000, driven by increased demand from Ethereum financial firms and the return of spot ETF inflows.
Ether price technical data draws a V-shaped recovery chart pattern on the weekly chart as shown below. 
ETH is retesting the 50-week simple moving average (SMA) at $3,300. Bulls need to push the price above this level to increase the chances of the price rising to the neckline at $4,955 and completing the V-shaped pattern. Such a move would represent a 53% increase from the current price. 
Expert Insights and Predictions
Multiple analysts say ETH has the potential to rise to $5,000 in 2026, with Satoshi Flipper saying a falling wedge pattern predicts a massive breakout for the altcoin. “$4800 ETH is closer than most people think.” 
As Cointelegraph reported, Ether’s inverted head and shoulders (IH&S) formation against Bitcoin (BTC) suggests a potential 80% rally in 2026, translating to ETH price above $5,800. For more information, please refer to the original article at https://cointelegraph.com/news/ethereum-price-rallied-260-percent-last-time-eth-5k?utm_source=rss_feed&utm_medium=rss_category_market-analysis&utm_campaign=rss_partner_inbound
