Ethereum is approaching a decisive phase that could unlock a major long-term price expansion. A higher time frame analysis shared by a TradingView analyst suggests that, despite the current short-term weakness, Ethereum remains structurally positioned for a significant bullish movement. If the ongoing training resolves as expected, the projected breakup places the price of Ethereum well above $24,000.
Ethereum’s long-term structure remains intact
From a broader perspective, the analyst emphasizes that Ethereum has not broken its established trend since 2020. During that period, the price action has continued to form higher highs, reinforcing the view that the long term structure is still valid. Instead of pointing out failure, the prolonged consolidation The situation observed in recent years is framed as a stabilization within a broad and defined range.
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This range is between $1000 and $3000, with the $1000 level identified as a critical psychological and structural support. According to the analysis, the capacity of Ethereum stay above this zone is central to the bullish thesis. Staying above allows the asset to continue developing a massive ascending triangle, a formation often associated with strong continuation moves once completed.
inside this triangleThe analyst describes a clear progression of internal price phases. Two main legs of the structure have already formed, and Ethereum is now going through the final phase necessary to complete the setup. This phase has brought short-term bearish signals, but they remain part of a broader structure and not a structural collapse.
As the price approaches the lower boundary of the triangle, several support layers converge. These include the ascending structural trendline and key moving averages that have historically supported the price of Ethereum. The analyst notes that a stabilization and rebound in this zone is likely, as long as Ethereum does not fall below the lower boundary of the triangle. Such a break would invalidate the structure, but current conditions suggest that the risk remains contained.
Why a leak opens the door to $24,000
The bullish scenario depends on confirmation. Once the triangle is fully formed and Ethereum breaks its upper limit, the analyst expects a continuation move to follow. Based on the size of the formation and previous market behavior, the projected expansion points to a move of approximately 300% from current levels.
When applied to Ethereum’s existing range, that expansion places the main bullish target above $24,000. This projection is not presented as a short-term price call, but as the potential result of a multi-year structure that ultimately resolves upwards.
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Additional context strengthens this perspective. Ethereum Continues to Benefit from Growing Institutional Participation and Recent Data Shows Record High Stablecoin transfer volumes exceeding $8 trillion. on the network. These developments suggest a growing reliance on Ethereum infrastructure, which could support a sustained price expansion following a confirmed breakout.
Ultimately, the analyst believes Ethereum’s next big move depends on how this Consolidation phase concludes. If the structure holds and the breakout is confirmed, the path to prices above $24,000 becomes a technical continuation rather than an outlier scenario.
Featured image created with Dall.E, chart from Tradingview.com
