Ethereum Analyst Sets $24,000 Full Parabolic Target, Here’s The Roadmap
A crypto analyst has simply predicted a number of bullish worth targets for Ethereum (ETH), however anticipating a major dip to critical support levels first earlier than a pointy rally towards $6,000. From there, he outlines a roadmap to a lot larger targets, with $24,000 set as the last word parabolic zone. The analyst has based mostly his bullish projections on the chance that Ethereum can get away of a vital multi-year channel and advance with sturdy momentum.
Analyst Forecasts Ethereum Price Target Of $1,700 To $6,000
Celal Kucuker, a crypto analyst on X, presented a brand new bullish outlook for Ethereum on May 9, outlining a gentle long-term roadmap to an ultimate target above $24,000. Before this projected bullish run begins, the analyst predicts a possible drop to a worth stage he calls Ethereum’s “mega help zone.”
Kucuker has set this important help at $1,760-$1,800, probably anticipating ETH to say no to this stage and kind a powerful sufficient base to set the stage for a potential new bull rally. From this space, the analyst predicts that Ethereum may reverse sharply and probably expertise its first main breakout stage round $4,800, about 3% away from reclaiming its all-time high above $4,900 in August 2025.
The analyst has outlined these strikes on his accompanying chart, displaying worth transferring inside an ascending channel sample that has been forming since 2020. After reaching $4,900, he predicts that the Ethereum price could break out from the higher trendline of the channel and rise sharply towards $6,000, representing greater than a 160% enhance from Ethereum’s present worth of above $2,300.
Kucuker described this bullish goal as a “psychological and technical transition zone.” This implies that the higher worth goal is an space the place market sentiment for ETH is anticipated to shift as chart-based limitations break. Usually, a psychological goal is a magnet for market consideration, much like when Ethereum reached $2,000 or $4,000. It’s an space that tends to draw sellers and consumers, creating high quantity that might result in a stronger push upward.
$24,000 Set As Ultimate Parabolic Target
After reaching $6,000, Kucuker expects Ethereum to set its sights on the next bull target round $13,000. He calls this higher vary a “cycle extension goal,” suggesting that Ethereum’s projected bull market may final for much longer and attain valuations pushed by excessive momentum or worth discovery phases.
The chart reveals Ethereum consolidating round $6,000 for some time earlier than capturing towards $13,000. Once this goal is reached, the cryptocurrency is projected to expertise a short-term correction again to the higher trendline once more. After bottoming on this space, Kucuker predicts Ethereum may file an explosive price rally towards $24,443. He referred to as this worth level a full parabolic goal for ETH, marking the timeline of this space round 2028 on his chart.
