Ethereum (ETH) Price Prediction: Long-term Weekly Chart Shows "Breakout" Signs, Analysts Suggest Higher Targets Before Year-End

Today (7th), during the Asian midday session, Ethereum (ETH) is currently priced at 2572 USD, maintaining the strong momentum from the weekend. The long-term technical structure of Ethereum is attracting increasing attention from traders, as signs of a breakout are beginning to emerge after a prolonged consolidation period.

Analyst Master Ananda, who is highly followed, believes that Ethereum is poised for a breakout, with the breakout pattern visible on the long-term weekly chart providing support. Since reaching its peak in November 2021, Ethereum has been trading within a descending triangle, but the lows between 2022 and 2025 have been progressively higher, indicating that bullish pressure is increasing.

Ananda pointed out that April 2025 is a turning point, when Ethereum formed a rounded bottom at a support level of $2,425 and quickly rebounded after a brief drop.

He stated that this trend marks the end of a year-long bearish trend that began in March 2024.

The current key levels are at $3,068 (0.618 Fibonacci retracement) and the range of $3,800-$4,000, which could serve as a stepping stone for a full breakout.

The analyst sets the main target at the 1.618 Fibonacci extension level, but he believes that strong fundamentals (including Ethereum ETFs and a broader market recovery) could further drive the asset’s rise in this bull market.

Ananda stated: “The fundamentals are becoming stronger, and $5,791 is just the beginning.”

He hinted that Ethereum might reach a higher level before the end of the year.

(Source: Trading View)