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Ethereum is now testing critical resistance after a sharp rally that has caught the attention of analysts and traders alike. Following days of strong upward momentum, ETH has reclaimed the $1,800 mark, recovering over 18% of its value since Tuesday. This impressive rebound signals renewed confidence in the asset amid ongoing global macroeconomic uncertainty and volatility in financial markets.
According to top analyst Gert Van Lagen, Ethereum could be on the verge of a historic breakout. In a recent technical analysis shared on X, Van Lagen pointed to a massive 4-year inverse Head and Shoulders pattern forming on Ethereum’s 1-week chart—a classic bullish reversal signal. With both shoulders now confirmed, the chart formation is targeting a long-term price objective around the $20,000 level.
This development comes as Ethereum continues to strengthen its on-chain fundamentals and recaptures investor attention. While resistance levels ahead remain challenging, the breakout above $1,800, combined with the bullish long-term setup, has positioned Ethereum as one of the most promising assets in the current cryptocurrency landscape. If market sentiment continues to shift in favor of crypto assets, ETH could be entering a powerful expansion phase with $2,000 and beyond within reach.
Ethereum Gears Up For A Rally Forming A Long-Term Reversal Pattern
Ethereum is currently trading 57% below its multi-year high of $4,100, and many investors feel like a full recovery is still far off. However, growing optimism is surfacing across the market as crypto assets begin to regain momentum despite heightened macroeconomic tensions and a deepening trade war between the United States and China. With equities under pressure, Ethereum and other leading cryptocurrencies appear to be carving out independent trajectories—something analysts view as a strong bullish sign.
According to top analyst Van Lagen, Ethereum could be on the verge of a major breakout. In his recent technical analysis, Van Lagen highlights a massive 4-year inverse Head and Shoulders pattern developing on the ETH weekly chart. This classic reversal formation suggests a long-term bullish structure is in play. If confirmed, Van Lagen believes the pattern could send ETH to an ambitious $20,000 target in the next market cycle.
One key factor in Van Lagen’s analysis is the recent shakeout of retail traders. He points to the formation of the Right Shoulder as a moment of capitulation, suggesting that many short-term holders exited their positions, clearing the way for a stronger, more sustained move upward.
ETH Price Tests Support After Key Reclaim
Ethereum is currently trading at $1,740 after successfully reclaiming both the 4-hour 200 MA and EMA, key technical indicators that are now being tested as short-term support. This reclaim is a positive signal for bulls, suggesting that momentum is building after a strong bounce from recent lows. However, the next critical step is to push above the psychological and technical barrier at $2,000.
A decisive break and daily close above the $2,000 mark would confirm a trend reversal and likely open the door for a stronger recovery rally. This level has acted as resistance multiple times over the past months, making it a significant benchmark for traders. Bulls must defend the $1,740 zone to maintain the current structure and build the case for continued upward movement.
On the flip side, if Ethereum fails to reclaim $2,000 and loses the $1,700 support zone, further downside pressure could push ETH back into consolidation territory. Such a move would signal hesitation in the market and potentially delay any meaningful breakout in the short term. For now, holding the reclaimed moving averages is essential as Ethereum attempts to solidify a base for its next move.
Featured image from Dall-E, chart from TradingView
Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian’s goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian’s passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.
Sebastian’s journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.
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