Ethereum’s bullish momentum has intensified throughout the weekend, with the price climbing above $4,100. This steady recovery follows a strong rebound from the $3,500 region after a crash earlier in the month. Investor sentiment, as shown by trading volume and flows on exchanges, has turned optimistic amidst the recovery. Now that Ethereum’s price action is starting to turn bullish again, a new technical analysis shared by crypto analyst Freedomby40 on the social media platform X suggests that the current rally could be far from over, projecting a possible long-term climb to $16,000. Wave Count Structure Points To A Continuation Phase Freedomby40’s analysis, which is based on the Elliott Wave structure, presents Ethereum as currently positioned in an extended bullish sequence that began forming in late 2022. Posting the technical analysis on X, the analyst noted that Ethereum’s price action looks great for a continuation. Related Reading: Here’s What Happens To The Ethereum Price If Bullish Momentum Holds His chart shows that the asset has just completed a corrective phase and is entering a renewed impulse wave, with support established between $3,225 and $3,563 at the 0.5 and 0.382 Fibonacci retracement zones, respectively. The analyst labels this zone as the ideal accumulation area for the next leg up, consistent with previous cycle structures seen in 2017 and 2021. The Elliott Wave projection in his analysis presents a multi-layered confluence of impulse waves extending to the third degree. It illustrates that Ethereum is currently unfolding its fifth major impulse wave in a structure that traces back to mid-2022. The internal structure of this wave sequence also reveals a C wave in motion, which itself contains smaller sub-impulse waves. Within that C wave, Ethereum appears to be entering its own fifth sub-wave, which is known to be a decisively bullish wave. Based on this setup, the analyst outlined two potential target zones on the chart: a green box representing the realistic price range for this wave cycle and a red box depicting the higher, more extended scenario that could push Ethereum’s market cap into the trillion-dollar level. Fibonacci Extensions Predict Targets Of $9,000, $11,000, And $16,000 Freedomby40’s analysis identifies multiple price levels based on Fibonacci extensions from the current price action. The first price target is at $6,303, which is based on the 1.0 Fibonacci extension. This initial price target will see the Ethereum price break above its current all-time high, but this is the first of many. Related Reading: Institutions Exit Bitcoin In Large Tranches, Ethereum, Solana And XRP See Massive Buy-Ins The next target, the 1.236 extension, is positioned around $9,013. These two price targets ($6,303 and $9,013) were described by the analyst as very realistic. Possible extensions are at the 1.382 and 1.618 Fibonacci extension levels, corresponding to $11,210 and $16,077, respectively. At the time of writing, Ethereum is trading at $4,160, up by 5.2% in the past 24 hours. Freedomby40’s outlook joins a growing list of ultra-bullish Ethereum price forecasts from institutional research desks and top analysts. Standard Chartered Bank recently raised its 2025 price target for Ethereum to $7,500, while projecting a potential long-term path to $25,000 by 2028. Featured image from iStock, chart from Tradingview.com
In a post shared on TradingView, crypto analyst Xanrox argues that the current bullish cycle is nearly over, pointing to a potential downtrend that would see the Bitcoin price crash to $60,000. This analysis comes as Bitcoin is trading within a very quiet phase, prompting many crypto traders and crypto analysts to start reassessing its next direction. Xanrox Predicts Bitcoin Top At $122,000 And Crash To $60,000 The world’s largest cryptocurrency has been hovering just above the $118,000 price level for several days now, struggling to break decisively above this zone but also showing no major signs of a breakdown. Despite this consolidation, market sentiment remains upbeat. Related Reading: This Indicator Has Perfectly Called Bitcoin Cycle Tops, Here’s What It’s Saying Now The crypto fear and greed index continues to flash “greed,” and most analysts still argue that Bitcoin is setting up for another leg upward. However, an interesting technical outlook challenges this bullish consensus and issues a crash warning. Notably, crypto analyst Xanrox identified a sell signal on the weekly candlestick timeframe chart after Bitcoin reached the 1.618 Fibonacci extension and touched the long-term 2017–2021–2025 trendline, with the latest touch of the trendline aligning to Bitcoin’s recent all-time high at $122,800. According to him, the most recent touch of this trendline might be the top of the current cycle. Furthermore, he noted that the Elliott Wave structure has now completed Wave 5 of a rising wedge and a larger Wave 5 impulse move. As such, a corrective phase is about to start. What’s Next For Bitcoin? As shown in the chart below, the next major move could be at least a 50% decline, with Bitcoin dropping to around $60,000 by 2026. This projection is based on previous price action, where Bitcoin embarked on 84% and 77% price crashes after touching the trendline in 2017 and 2021, respectively. The technical setup also aligns with statistical data that shows August and September historically bring increased selling pressure. Xanrox noted that while traders can wait for further confirmation, such as a break below the 50-week moving average, he personally believes the top is already in. Large institutions and professional investors pay close attention to the 20, 50, 100, and 200-period moving averages. Related Reading: Bitcoin Short Squeeze Incoming As Market Makers Set Trap To Go Above $123,000 Xanrox’s outlook is a sharp contrast to the prevailing sentiment among crypto investors. Bitcoin’s current structure is still showing strength on higher timeframes, and several other analysts see the recent consolidation between $117,000 and $119,000 as a base for continuation toward $130,000 and beyond. The lack of major sell-side volume, the firm hold above the $118,000 price level and the 50-week moving average, and bullish indicators across altcoins like Ethereum are on-chain signals that the Bitcoin price still has more room to run before it reaches a peak price this cycle. Featured image from Pixabay, chart from Tradingview.com
A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out a clear roadmap toward a new ATH target. Bitcoin Parabolic Phase Still Ahead Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold. Related Reading: Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here The analyst Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here a detailed chart showing that Bitcoin is now trading over $40,000 above its Wave 2 bottom of the macro 5th. This indicates that the market could be transitioning into Wave 3 of a larger Elliott Wave impulse pattern. The chart also visually segments previous bull market runs into distinct macro phases, each unfolding after a halving cycle. Every phase began with a consolidation period, followed by exponential growth and eventual correction. Bitcoin’s price history is further marked by the halving events in 2012, 2016, 2020, and 2024—all of which have consistently preceded major bullish rallies. The latest halving, which occurred in April 2024, is now expected to lead to an intermediate-term rally that may extend BTC’s price beyond $270,000 before entering another corrective phase. While XForceGlobal maintains a bullish long-term outlook for Bitcoin, he urges investors to be cautious and aware that the final wave may generate market euphoria before a significant decline sets in. His projected roadmap shows a steady bullish climb toward $272,832, followed by a potential retracement to around $41,646, marking a steep 85% crash from the top. During his analysis, the market expert highlighted the difference between smart and dumb money during this bullish phase of the cycle. He claimed that smart investors have already mapped out their exit strategies, understanding that success comes from early planning rather than spontaneous decisions. He also added that with the market yet to reach a climax, there’s still time to prepare an exit before red flags emerge. Analyst Predicts $155,000 As Bitcoin’s Next Stop In a follow-up X post, XForceGlobal forecasted Bitcoin’s next short-term price target at $155,000. This prediction comes as BTC recently rallied past $123,000 before undergoing a pullback, now trading slightly above $116,800. According to the analyst, Bitcoin remains firmly in an extended Wave 3, which traditionally represents the most impulsive and powerful phase of the Elliott Wave sequence. Related Reading: Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ XForceGlobal’s chart reveals that Bitcoin recently broke out from a complex WXYXZ correction structure, which served as the launchpad for the present rally. His projection suggests that BTC is now forming a five-wave structure targeting the $140,000-$155,000 range, with macro-level corrections expected along the way. Featured image from Pixabay, chart from Tradingview.com